In accordance with regulatory requirements, Anthony Patriarco announces that he has recently acquired, directly or indirectly, 775,060 shares of Silk Road Resources Inc.(TSX VENTURE: SIL) ("Silk Road") in an open market transaction.
As a result of the acquisition, Mr. Patriarco now holds, or exercises control or direction over, an aggregate of 4,566,360 common shares of Silk Road which represents an interest of 18.35% of Silk Roads issued and outstanding capital, as of the date hereof, on a non-diluted basis.
Assuming the exercise of all common share purchase warrants held by him or over which he has control or direction, Mr. Patriarco would hold, or exercise control or direction over, an aggregate of 4,966,360 common shares of Silk Road, which would represent an interest of 19.95% of Silk Road's issued and outstanding capital.
The securities acquired by Mr. Patriarco referred to above are held for investment purposes only. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future, depending on economic or market conditions or matters relating to the applicable issuer.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content there of.
Robert R. Ferguson