Silver One Resources Inc. announced that it has exercised its option to acquire a 100% interest in the high-grade Phoenix Silver Project, located within the "Arizona Silver Belt". Phoenix Silver Project covers 6,141 hectares along the northern extension of a prolific 30+km long mineralized trend hosting past and current producing silver and copper mines. Permitted for drilling on high-grade silver targets.

Very high-grade native silver vein fragments, including a 189 kg (417 lb.) specimen estimated to contain over 70% silver and an 8.5 kg (18.7 lb.) specimen assaying 459,000 g/t (14,688 oz/t) silver. In order to acquire a 100% interest in the Phoenix Silver Project, Silver One paid USD 350,000 and issued ten million common shares of Silver One over 3 years to the property vendors. The central portion of the claim block is subject to a 2% NSR, which can be purchased for USD 1.0 million.