Sunridge Gold Corp.
TSX VENTURE : SGC

Sunridge Gold Corp.

January 14, 2008 08:01 ET

Sunridge Gold Discovers Two New Extensions to the Emba Derho Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to announce that recent drilling adjacent to the Emba Derho Deposit has discovered two new extensions, one to the northwest and another to the northeast of the main Emba Derho Deposit on the 100% owned Asmara Project, Eritrea. This is an exciting new development for the Company as these discoveries are outside the previously identified mineralized envelope and therefore they have the potential to add significant tonnage to the initial Emba Derho NI 43-101 resource estimate announced on December 4, 2007. The current estimated combined Indicated resources at Emba Derho contain 1.7 billion pounds of zinc, 735 million pounds of copper, 402,000 ounces of gold and 15 million ounces of silver, as reported in Sunridge Gold's news release NR2007-16 dated December 4, 2007.

Highlights of new Northwest extension zone:

ED-185-D: 55.27 metres grading 1.55% Cu and 1.20% Zn

ED-190-D: 30.29 metres grading 1.30% Cu and 29.20 metres grading 1.96% Cu

To date, geophysical surveys and geological mapping have identified the Northwest extension zone over a distance of approximately 1 kilometre. As of January 10th, 2008 the zone has been drill tested by 14 holes over approximately 400 metres of strike length. Assays are available for only five of the fourteen holes drilled to date, however many of the unreported drill holes appear to have intersected significant intervals of massive sulphide mineralization ranging from approximately 20 to 85 metres in width: e.g. drill hole ED-196-D intersected 84 meters of massive sulphides. Please refer to the attached map for drill hole locations by scrolling to the bottom of this release. Drilling will continue on the Northwest extension zone (Note: Readers are cautioned that assays are pending for the unreported holes and not to place undue reliance on statements about the visual appearance of drill core).

Highlights of new Northeast extension zone:

ED-183-D: 60.30 metres grading 3.38% Zn

Geophysical surveys and geological mapping have identified the Northeast extension zone over a distance of approximately 200 metres, although this zone is still open to the east and northeast. Diamond drill hole ED-183-D, one of the first holes to test this zone intercepted 60.30 metres with an average grade of 3.38% zinc. Currently this mineralized zone has been drill tested by 3 holes, ED-183-D, 184-D, and 186-D - see the table below for details.

In addition, to the west, drill hole ED-176-D tested the western gossan and intersected a significant zinc, copper and gold interval of 28.45 metres with an average grade of 1.33 grams per tonne gold, 25.12 grams per tonne silver, 2.47% zinc and 0.69% copper.

A summary of 11 of 16 new drill holes from Emba Derho is as follows:



---------------------------------------------------------------------------
From To Interval Gold Silver Copper Zinc Mineralized
Hole ID Zone metres metres metres g/t g/t % % Zone
---------------------------------------------------------------------------
ED-175-D North- 228.10 233.75 5.65 0.10 12.93 0.17 3.17 Primary Zinc
west
and 294.55 308.00 13.45 0.01 4.26 0.05 2.99 Primary Zinc
---------------------------------------------------------------------------
ED-176-D West 19.80 48.25 28.45 1.33 25.12 0.69 2.47 Oxide/
Primary Zinc
---------------------------------------------------------------------------
ED-178-D North- 383.20 404.30 21.10 0.06 5.80 1.30 0.25 Primary
west Copper
---------------------------------------------------------------------------
ED-180-D West 163.55 170.15 6.60 0.32 18.77 1.64 1.69 Primary
Copper
---------------------------------------------------------------------------
ED-181-D North 116.40 117.85 1.45 0.05 5.00 0.07 4.19 Primary Zinc
Main
---------------------------------------------------------------------------
ED-182-D North 477.70 480.65 2.95 0.01 5.00 1.22 0.07 Primary Zinc
---------------------------------------------------------------------------
ED-183-D North- 37.90 98.20 60.30 0.34 19.59 0.39 3.38 Primary Zinc
east
including 60.20 70.35 10.15 0.94 28.33 0.50 5.03 Primary Zinc
---------------------------------------------------------------------------
ED-184-D North- 139.12 150.93 11.81 0.05 6.44 0.43 1.03 Primary Zinc
east
---------------------------------------------------------------------------
ED-185-D North- 288.13 343.40 55.27 0.18 13.63 1.55 1.20 Primary
west Copper
Including 288.13 300.50 12.37 0.46 34.10 3.43 2.48 Primary
Copper
---------------------------------------------------------------------------
ED-187-D North- 305.00 311.30 6.30 0.00 5.00 0.16 2.27 Primary Zinc
west
---------------------------------------------------------------------------
ED-190-D North- 180.12 197.18 17.06 0.07 5.95 1.06 0.32 Primary
west Copper
and 234.90 276.13 41.23 0.33 10.44 0.40 1.80 Primary Zinc
including 266.15 276.13 9.98 0.95 14.46 0.29 3.90 Primary Zinc
and 300.65 313.00 12.35 0.18 5.00 0.47 2.42 Primary Zinc
and 359.15 389.44 30.29 0.05 6.33 1.30 0.21 Primary
Copper
and 409.60 438.80 29.20 0.08 6.68 1.96 0.11 Primary
Copper
---------------------------------------------------------------------------


Diamond drill holes ED-179-D and ED-188-D were drilled to test width extension in the Northwest extension zone but they did not intersect significant mineralization. Drill hole ED-177-D in the western part of the deposit did not intersect significant mineralization. Drill hole ED-186-D was drilled to test width extension in the Northeast extension but did not intersect significant mineralization. ED-189-D was drilled to the south of the northeast extension and did not intersect significant mineralization.

The Government of Eritrea continues to show strong support for the exploration and mining industry in Eritrea as demonstrated by the issuance of the final mining permit for Nevsun's Bisha Project in Eritrea as reported by Nevsun in a news release on January 8, 2008. This is the first mining permit issued in the country and paves the way for advancing other projects in the country on an expedited basis.

Sunridge Gold is pleased to announce that it has engaged Grandich Publications, LLC (Peter Grandich) to provide investor relations and a communications program for the Company for a period of one year.

Peter Grandich is the Managing Member of Grandich Publications, LLC which publishes The Grandich Letter (first published in 1984) and provides coverage of the metals and mining industry. Mr. Grandich also provides a variety of corporate finance and development services to publicly-held companies. In addition, Mr. Grandich is the Managing Member of Trinity Financial, Sports & Entertainment Management Company, LLC. Trinity provides financial services to individuals, small to mid-size businesses, professional athletes and entertainers.

Mr. Grandich is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.

Grandich Publications, LLC will receive a cash fee of US$2,000 per month and has been granted 100,000 stock options. The investor relations agreement is subject to the acceptance of the TSX Venture Exchange.

Sunridge Gold Corp. is a mineral exploration company focused on the acquisition, exploration, discovery and development of precious and base metal projects. The Company is currently conducting exploration on the Asmara Joint Venture Project in Eritrea. The Company has 51.6 million shares outstanding and 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.

Notes:

1. All drill holes reported are diamond drill holes.

2. Drill intercept lengths only are reported in the text and tabulation; currently there is insufficient information to estimate true widths.

3. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.

4. A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance / Quality Control procedures are as described in each of the Company's National Instrument 43-101 Technical Reports filed and dated March 15, 2007. These reports are available at www.sedar.com.

5. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth Western Australia.

6. The Qualified Person responsible for the release of this exploration information is Michael Hopley, President and Chief Executive Officer of Sunridge Gold Corp.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

To view the map accompanying this release please click on the following link: http://www.ccnmatthews.com/docs/sgcmap114.JPG

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information