Sunridge Gold Corp.

Sunridge Gold Corp.

October 17, 2005 08:00 ET

Sunridge Gold Adds Two More Drills to Asmara Project, Eritrea; Increases Program to 24,000 Metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2005) - Sunridge Gold Corp. (TSX VENTURE:SGC) announces that it has signed contracts for two additional drills bringing the total to four drills that will be operating as part of the 2005-2006 exploration program on the Asmara Project, Eritrea. These contracts will increase the program from the initial 10,000 metres to 24,000 metres of drilling. The two drills are in country and should be operating by the end of this month. The fourth rig is expected to be operating by mid-November.

President and CEO, Michael Hopley states, "Having spent the past week on the Asmara Project the great potential of many of the targets certainly justify an aggressive drilling program over the next six months. For the first time since Sunridge Gold has been working in Eritrea there is drilling equipment available in the country and this provides an opportunity to step-up our drilling campaign on the numerous VMS and gold targets on the property."

There is currently one drill operating at the Adi Nefas high-grade zinc-gold-copper-silver VMS prospect, within the Asmara Project and a second drill is being added. The two drills will work on defining potential north and south strike extensions. Drilling to date has progressed to hole NG-033-D with assays reported thus far to drill hole NG-016-D (see SGC News Release NR2005-11 dated September 13, 2005). Further assays are expected by the end of the month.

Two more drills will be deployed to drill both potential extensions and satellite geophysical targets at the Debarwa high-grade copper-gold-zinc deposit. In late 2005 or early 2006, at least one drill will move to other targets on the Asmara Project including the Emba Derho area, a new high-priority VMS target.

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 is continuing to be the sole financial contributor to the JV to earn a 70% interest. The Company has 28.4 million shares outstanding, $5.0 million in cash 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 or call Don Halliday at the number listed below.


Michael Hopley, President and Chief Executive Officer

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

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