Sunridge Gold Corp.

Sunridge Gold Corp.

April 03, 2007 15:04 ET

Sunridge Gold Increases Ownership of Asmara Project, Eritrea to 100%

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2007) - Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to announce that the Assignment Agreement has been signed by the Minister of Energy and Mines of Eritrea allowing for the transfer of 100% of the Asmara Project exploration licenses to Sunridge Gold Corp. from Sub-Sahara Resources (Eritrea) in accordance with the Eritrean Mining Proclamation.

Michael Hopley, President and CEO of Sunridge Gold states, "This is a very important milestone for Sunridge Gold as the Company now has 100% ownership in the prolific Asmara Project, an emerging VMS district. We thank the Eritrean Ministry of Energy and Mines for their support of Sunridge Gold."

To date, Sunridge Gold has expended over CDN$12.0 million on the Asmara Project resulting in the discovery or development of four deposits with several more targets yet to be drill tested. These projects are:

1) Emba Derho a very large zinc/copper/gold VMS deposit currently measuring over 1,000 metres in strike length with widths of massive sulphide mineralization frequently over 100 metres wide and to depths of 350 metres. Mineralization is still open to the east, west and at depth. Management's objective is to outline an open pit VMS deposit over 40 million tonnes.

2) Debarwa copper/gold/zinc VMS deposit with NI43-101 compliant total inferred resources measuring 5,323,000 tonnes grading 1.57 g/t gold, 21.04 g/t silver, 2.00% copper and 0.79% zinc.

3) Adi Nefas zinc/gold/copper VMS deposit with NI43-101 compliant total inferred resources measuring 2,780,000 tonnes grading 2.56 g/t gold. 74.84 g/t silver, 1.36% copper and 5.65% zinc.

4) Gupo Gold Deposit which contains an estimated NI43-101 compliant inferred resource of 1,965,000 tonnes at an average grade of 2.99 grams per tonne gold containing 189,000 ounces of gold.

5) Additional VMS targets: The results of a property wide ground gravity survey has delineated several other large targets including Kodadu (9 holes drilled to date with assays pending) Adi Musa, (the largest target outlined on the project to date) with initial drilling to commence at the end of April. Other targets to be drilled in the near-term are the Adi Rassi and the Shooting Stars anomalies.

These deposits and targets are all within 30 kilometres of the capital city of Asmara in an area with excellent infrastructure which will allow for the development to mining of two or more projects in conjunction.

Under the terms of the Sale Agreement dated August 22nd, 2006, Sunridge Gold will issue a total of 9.5 million common shares of the Company to Sub-Sahara and partner in consideration for the sale of its joint venture interest in the Asmara Project.

Sunridge Gold Corp. is a mineral exploration company focused on the exploration, discovery and development of precious and base metal projects. The Company has 52.5 million fully diluted 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 does not accept responsibility for the adequacy or accuracy of this release.

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