SOURCE: Sunergy Inc.

February 22, 2010 07:50 ET

Sunergy Files Current Terminal Report and Application for Extension for 2 Year Renewable Prospecting License for Its 150 sq. km. Nyinahin Mining Concession in Ghana, West Africa

SCOTTSDALE, AZ--(Marketwire - February 22, 2010) - Sunergy, Inc (the "Company") (OTCBB: SNEY) reports filing its current Terminal Report and Application For Extension for 2 year renewable Prospecting License, as provided by the Minerals Commission, for its 150 sq. km. Nyinahin Mining Concession located about 45 minutes from Kumasi. Through December 20, 2009, $84,300 US was expended on the property and further exploration and development were recommended. An early 2010 budget of about $100,000 US will be allocated to Phase 1 pit testing, gridding and bulk sampling in and around the Offin River and its eastern tributaries located in the southeastern quadrant of the concession. Further budgets will be determined based on Phase 1 results. This concession enjoys a renewable full prospecting license for gold, silver, diamonds and base metals. During the next few months we will test the alluvial gold and diamond recovery potential along the Offin River which runs through the eastern portion of the concession for about 15 km. We will also bulk sample the numerous existing artisan pits along the river on our concession.

Ghana has more than a century history of mechanized gold mining, however, in the last two decades, global innovations in the mining sector particularly the evolution of modern exploration and processing techniques have enabled the discovery and exploitation of near surface low grade material which hitherto was regarded as waste. This has resulted in an increased number of acquisition of exploration properties and mineral projects in Ghana by both local and international organizations.

The company was granted a reconnaissance license in July 2005. The reconnaissance license was converted into a two-year renewable Prospecting Licence (LVB 3857/08) on the 24th day of January 2008 by the Minister of Lands, Forestry and Mines. Sunergy purchased the renewable prospecting license from General Metals Corporation in July 2009 (See PR dated July 29, 2009).

The Concession is situated 20km northeast of Bibiani and about 48km Southwest of Kumasi, is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa Belt to east. The concession which covers an approximate area of 172 sq. km. has been reduced to 150 sq. km to conform to statutory requirements regarding the size for a Prospecting Licenses by the Minerals Commission.

To better understand the geology, mineralization potential and to establish target areas for detail exploration, a systematic exploration programme was initiated July 2005 after the license had been granted. The work involving active stream sediment sampling and reconnaissance geological mapping was carried out by Geodita Resources Limited (A Ghanaian geological consulting firm), to cover the whole concession. The goal was to delineate grounds within the concession that show economic potential for gold mineralization. A total of 126 samples comprising 116 stream sediments and 10 grab samples were collected. The Stream sediment samples were analyzed for gold using 50g fire assay method at SGS laboratory at Tarkwa with a low-level detection limit of 2Auppb.

About 23.3% of the total stream sediment samples collected returned gold values above the threshold value of 10Auppb (probability plot and histogram), with 3.6% having values above 50Auppb.

The maximum value being 228 Auppb at a point with GPS co-ordinate 596362 mE, 723188 mN. Other values include 46Auppb, 62Auppb, 66Auppb, and 76Auppb.

Three anomalous target zones namely Owusukurom, Ntoboroso, and Krakyekurom within the Birimian metasediments have been delineated for further work. Interpretation of results suggests that the mineralization appears to be associated with NNE to NE structures. A shear zone located at a point with GPS coordinates 605767mE, 720762mN, appear to have resulted from the intersection of ENE-WSW trans-regional shear system and NNE-SSW strongly developed shear corridor.

Mineralized trends delineated, appear to run parallel to NE-SW regional sutures observed to be associated with gold mineralization within the Birimian terrains. The result of the survey indicates that the Nyinahin concession has good exploration potential and a significant potential for lode gold mineralization within a favourable geological terrain.

Potential for alluvial gold also exist along the Offin River within the concession. The Bonte Alluvial Mines, mining the Gyeni River (tributary of the Offin) is located to the east of the concession. It is therefore recommended that soil geochemistry and trenching coupled with ground geophysics be carried out to properly define the mineral potential of the delineated zones. It is further recommended that the alluvial potential within the concession be investigated.

Robert Levich CPG, EurGeol, Director and Chief of West African Operations(See Press Release dated December 21, 2009), said, "We also plan to extend our full prospecting license for another two year period. Our bulk testing operation results are expected to justify a full mining license which is for a period of 30 years. The three large anomalies that also occur west of the Ofin River will be the subject of exploration in the next phase, utilizing the expected cash flow from 2010's operations."

Company Chairman P.K. Rana Medhi said: "This exciting project offers both immediate gold recovery opportunities through the numerous abandoned Artisan pits along the Offin River as well as substantial hard rock exploration in three large anomalies that warrant a vigorous exploration effort. Some larger mining Companies operating in the area have already expressed interest in evaluating the mineral potential on this concession. We are pursuing early cash flow from exploration/bulk sampling operations."

About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Offin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Offin river is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations.

Further information is available on the Company's website www.sunergygold.com

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin Mining Concession and Sunergy's ability to make the required payments to General Metals as they become due.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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