TORONTO, ONTARIO--(Marketwire - June 29, 2011) - Silvore Fox Minerals Corp. 
(the "Corporation" or "Silvore Fox")(TSX VENTURE:SFX) is pleased to announce 
that it has signed an exploration & option agreement (the "Formal 
Agreement") with Orebot Inc. ("Orebot") as set forth in the Letter of Intent 
signed between the two companies on February 8, 2011 and as extended by both 
parties on June 14, 2011.
 
 
The signing of the Formal Agreement marks a shift in Silvore Fox's focus 
from due diligence to exploration. This property historically contains the 
Pick Lake zinc deposit, which is reported to contain 600,000 tonnes of 21.2% 
zinc, 1% copper (Inmet Mining, 1998) which would make it the highest grade 
zinc deposit known to exist in Ontario. This tonnage and grade was not 
verified by the Corporation and cannot be relied upon as a current resource. 
The Corporation believes that the surrounding Winston Lake area has 
potential for further discoveries in addition to the 3 historical deposits.
 
 
In early June Silvore Fox acquired 4 new additional claims that became 
available in the area. After consolidating all its holdings Silvore Fox now 
controls 9,600 Hectares (600 total claims) of potentially favorable geology 
in the area, all with 100% interest and no NSR (net smelter royalty).
 
 
To view the map of the Winston Lake Property, please visit the following 
link: http://media3.marketwire.com/docs/Winston_Lake0629.jpg
 
 
The President of Silvore Fox, Mr. Harold J. Cabrita, made the following 
statement about the Corporation's plans for the property:
 
 
"Having completed the due diligence phase, and signing this agreement today 
with Orebot, Silvore Fox can now initiate our exploration plan for the area. 
Following my visit to the property in May along with our consulting 
geologist Mr. Ian Chisholm, and Mr. Kevin Kivi (of Orebot), Silvore Fox 
expanded our compilation of all available historical exploration work 
including geological, geophysical, drilling and geochemical work performed 
over the area of our consolidated holdings. Utilizing people familiar with 
the region we have commenced an investigation to determine which of the 
modern geophysical technologies and techniques will be most appropriate for 
this area and type of deposit. We expect the results of the new planned 
geophysical work, combined with the historical database we are currently 
constructing, will yield new, high confidence, drill targets. We believe the 
land to be accessible for drilling year round."
 
 
The Formal Agreement sets out a schedule of payments to Orebot, over a 48 
month period, totaling Cdn$1,200,000. Silvore Fox paid $5,000 in cash to 
Orebot on the signing of the Letter of Intent ("LOI") and an additional 
$5,000 upon signing of the extension of the LOI, and has now paid a further 
$20,000 in cash to Orebot on the signing of this Formal Agreement. The 
remaining payments are: $70,000 due twelve months from the date of signing 
of the Formal Agreement (the "Effective Date"), $300,000 due twenty-four 
months from the Effective Date, another $300,000 due thirty-six months from 
the Effective Date, and a final payment of $500,000 due forty-eight months 
from the Effective Date. At that time Orebot will not retain any further 
interest in the optioned claims or any net smelter royalty.
 
 
An 'Exploration Update' and immediate future plans for the Winston Lake 
claims will be released in the coming weeks. Silvore Fox has previously 
provided updates with respect to the Winston Lake Property on February 8, 
2011, March 3, 2011 and April 11, 2011.
 
 
Ian Chisholm, PEng, a qualified person as defined by National Instrument 
43-101, has reviewed and approved the technical information contained in 
this news release.
 
 
 
                  About Silvore Fox Minerals Corp.
 
 
 
Silvore Fox Minerals Corp. is a Toronto, Ontario, Canada based public 
mineral exploration company with three base metal properties located in 
Canada and in Africa. We are focused on high tonne potential base metal 
exploration projects within a diversified portfolio of properties that 
attempts to minimize political risk without limiting potential returns for 
our shareholders.
 
 
On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with 
Beijing Donia Resources Co. Ltd ("Donia") at the China International Mining 
Conference, 2010. Donia is the single largest shareholder of Silvore Fox 
currently holding approximately 30% of the Corporation's outstanding shares. 
This strategic partnership provides the Corporation with a strong platform 
for growth through mineral exploration expertise, funding and strategic 
acquisitions. SFX has an experienced management and geological team.
 
 
Harry Cabrita, President and CEO
 
 
Dr. Jingbin Wang, Chairman