TSR.H Top Strike Resources Corp (delisted)

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UNITED STATES


The Silver Recycling Company Inc. (the "Company") (NEX:TSR.H) is pleased to
announce it has entered into a second amendment ("Amendment") dated May 5, 2008
to the purchase agreement ("Purchase Agreement") dated March 4, 2008, in respect
of the acquisition of two privately-owned companies (the "Targets") involved in
the silver scrap recycling business.


Under the terms of the Amendment:

- The cash portion of purchase price of US$3.72 million has not been modified
but is now payable in three installments: US$225,000 in deposits that have
already been paid; US$1.4 million due on closing and the balance of US$2.1
million deferred until one year after closing.


- The Company will deliver a vendor take-back note ("VTB") on closing for the
deferred cash payment of US$2.1 million.


- The share portion of purchase price remains unchanged; however, additional
share consideration will be issuable to the vendors in the event that the
Company undertakes a dilutive financing prior to the redemption of the VTB.


- The VTB principal, together with accrued interest, may be paid prior to
maturity without penalty and the interest on the VBT principal will accrue at an
annual interest rate of 6% and be due and payable quarterly, in arrears, subject
to a deemed principal increase equal to 5% of the outstanding balance six months
after issuance of the VBT.


- The VBT will be guaranteed by the principal Target and secured by certain
assets of such Target and certain covenants of the Company relating to funding
and an intended subsequent acquisition will be secured by a repurchase right to
the shares of the Targets.


- Closing is to occur on or before May 23, 2008.

Don Holmstrom, President and CEO commented: "The support and partnership with
the target shareholders in this first acquisition will allow this deal to close
in a timely fashion. Silver Recycling is now positioned to aggressively pursue
the next two targets with which we have had discussions and execute its
financing strategy as we grow our Company."


The Amendment is subject to both TSX-V acceptance and the consent of the
majority of the shareholders of the Company.


Completion of the transaction is subject to a number of conditions, including
TSX Venture Exchange acceptance. There can be no assurance that the transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the Filing Statement
prepared in connection with the transaction, any information released or
received with respect to the Change of Business may not be accurate or complete
and should not be relied upon. Trading in the securities of Silver Recycling
should be considered highly speculative.


About The Silver Recycling Company Inc.

Silver Recycling is seeking to consolidate privately-owned silver and other
precious metals recycling companies. Silver Recycling is continuing to review
other candidate companies within the precious metals recycling industry for
acquisition and integration in alignment with the Company's business strategy.

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