Sunridge Gold Corp.
TSX VENTURE : SGC

Sunridge Gold Corp.

August 24, 2010 08:30 ET

Sunridge Gold Appoints Vice President Project Development for the Asmara Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2010) - Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to announce the appointment of Scott Ansell to the position of Vice President Project Development of Sunridge. Scott joins the Sunridge team after six years at AMEC Americas and will lead and manage the next phase of engineering work necessary for all four deposits within the Asmara Project, Eritrea. This includes advancing the high-grade copper Debarwa Deposit to a feasibility stage and advancing the three projects in the northern part of the Asmara Project, Emba Derho, Adi Nefas and Gupo Gold, to a pre-feasibility and then feasibility stage. These engineering studies are the next important steps for Sunridge as it moves toward production and the realization of value for its shareholders. Scott will be joining Sunridge full time in September 2010.

Michael Hopley, President and CEO of Sunridge states, "I am very pleased to welcome Scott to the Sunridge team. His experience with AMEC as Director of Studies and Manager of Consulting, Geology and Mining makes Scott the ideal candidate for the VP Project Development position. While at AMEC he gained a high level of experience supervising a large staff of professionals completing all levels of engineering studies. In addition, Scott has previous experience in Eritrea where he worked for Nevsun Resources on the Bisha Project as Project Manager during exploration and resource definition drilling, resource modeling and conceptual studies and later for AMEC managing professional and technical staff conducting mine planning, resource model review and geotechnical evaluation for mine commissioning for the Bisha Project."

Sunridge's primary goal is to bring the company's 100% owned high-grade copper/zinc/gold Debarwa Deposit into production as soon as possible with a specific focus on direct shipping high-grade copper which requires the completion of a feasibility study by an independent engineering company. In addition, Sunridge will move the other three 100% owned resources in the northern part of the Asmara Project, the large copper/zinc/gold Emba Derho deposit, the high-grade zinc/gold/copper Adi Nefas deposit and the Gupo Gold deposit to the pre-feasibility study stage as soon as possible.

ABOUT SUNRIDGE:

Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge has approximately 76 million shares outstanding and approximately $4.8 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information