April 6, 2009

The common shares of Silver Phoenix Resources Inc. have been approved for listing on CNSX. Following the qualification of the Company's common shares and exercise of 4,459,520 special warrants, there are approximately 6.8 million shares outstanding with a public float of approximately 2.7 million shares. The special warrants were issued at a price of $0.25 per warrant.

Silver Phoenix�s business is to explore and develop natural resource properties. The Company currently holds three properties:(a) the �River Jordan Property�; (b) the �Big Showing Property�; and (c) the Waverly Tangier Property, all of which are located in east central British Columbia. The Company�s business objectives are to complete Phase 1 of the recommended exploration program on the River Jordan Property and then further compile that information in an effort to further define the mineralization potential, in particular, the silver, lead and zinc mineralization on the River Jordan Property.

Listing and disclosure documents for Silver Phoenix Resources will be available in the CNSX Listings Disclosure Hall

Trading Date: Wednesday, April 8, 2009
Symbol: SP
CUSIP: 828079 10 3
ISIN: CA 828079 10 3 6

Applications are being accepted for Market Makers for "SP". If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnsx.ca