Sunridge Gold Corp.

Sunridge Gold Corp.

August 17, 2005 08:30 ET

Sunridge Gold Corp.: Results of Exploration Program Confirm Several Additional High Priority Drill Targets, Asmara Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 17, 2005) - Sunridge Gold Corp. (TSX VENTURE:SGC) reports that the results of recent sampling, mapping and geophysics programs have confirmed several additional high-priority gold enriched volcanogenic massive sulphide (VMS) targets on the Asmara Project, Eritrea. As a result of this new positive data the Company is planning to contract a second drill rig to the project to expedite in-fill and step out drilling at the Adi Nefas Zinc/Gold Gossan and the high-grade Debarwa copper/gold VMS deposit and to conduct initial exploration drilling at these other high-priority targets.


Diamond drilling is now on hole # NG-019 with assays expected in mid-September. The results of a new gravity survey completed at Adi Nefas confirm that the strike length of the mineralized structure appears to extend for an additional 600 metres increasing the potential strike length to about one kilometre. The current drill program is designed to test extensions of the Adi Nefas mineralized structure to the north, south and at depth.


The Debarwa high-grade copper/gold VMS deposit, drilled extensively in 2004, remains open to the north, south and at depth. In addition, new parallel trends have been defined to the east and west of the Debarwa Main deposit. These targets have been defined by gravity and geochemical surveys and show structures 600 to 700 metres long open to the north and south. The newly planned drilling at Debarwa will test north, south and depth extensions to Debarwa Main and the newly defined structures.


Embra Derho VMS Prospect:

A large VMS gossan outcropping over approximately 800 metres in length has become a high-priority target as a result of a recently completed gravity survey. The gravity survey confirms a large underlying anomaly coincident with the gossan and with a previous ground transient-electro-magnetic (TEM) geophysical anomaly. Limited drilling and trenching by Ashanti and Phelps Dodge, show good potential for future discoveries in this area with gold assays from trenching returning from 0.01 up to 25 grams per tonne gold (g/t). As part of the current 10,000 metre drilling program, 2,000 metres are budgeted for drilling Embra Derho.

Kodado VMS Prospect:

Also within the Medrizien license, a second large VMS target, Kodado, has been confirmed by successful soil and rock chip sampling of the gossanous sub-crops over 700 metres in length. Gold in soil samples are 0.1 up to 4.2 (g/t) with 21% of the samples above 0.05 g/t and rock chip samples are from 0.01 up to 18 g/t with 10% of the samples above 1 g/t. A ground geophysical survey is planned over this soil anomaly. This gossan represents another potential VMS trend about 3 kilometres east and parallel to the Debarwa trend.

Michael Hopley, President and CEO of Sunridge Gold, is the Qualified Person as defined in NI 43-101 and is responsible for the preparation of the information in this news release.

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 focused on the Asmara Joint Venture Project in Eritrea and continues to evaluate exploration and advanced opportunities elsewhere. The Company has 22.4 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please visit 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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