Sunridge Gold Corp.

Sunridge Gold Corp.

February 02, 2010 15:27 ET

Sunridge Gold Provides Update on Asmara Project Tour, Drilling Progress and Company Presentations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2010) - Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to report on the success of an analyst's tour to Eritrea co-hosted by Sunridge and Nevsun Resources Ltd. The tour included site visits to Sunridge's Asmara Project and Nevsun's Bisha Project as well as a visit to the port of Massawa. The tour included representatives from the media as well as mining analysts on the buy side and sell side. The visitors also met with members of the Eritrean Ministry and Mines.

The visitors came away with a positive impression of Eritrea and the evident strong support of the Eritrean government to the industry.

Drilling Progress:

Sunridge expects to release the drill assay results from the 2009 drill program conducted at the 100% owned Debarwa project in mid February.

In addition the phase one drill program is well underway at the Daero Paulos, the large new copper prospect on the Asmara Project, Eritrea. The Daero Paulos target is part of the October 2, 2009 exploration funding agreement with Antofagasta Minerals S.A.

Company Presentations:

Michael Hopley, President and CEO of Sunridge will be giving a corporate presentation at the Mining Indaba Conference in Cape Town, South Africa this week. The Minister of Energy and Mines of the state of Eritrea, Ahmed Haj Ali, together with the Director General, Alem Kibreab are also attending the Indaba conference.

Greg Davis, Vice-President of Business Development, will then give a corporate presentation at the Africa Mining Congress being held in Livingstone, Zambia on February 5th, 2010.

About Sunridge:

Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar.

Sunridge has approximately 76 million shares outstanding and approximately $7 million in cash. Sunridge 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 or Greg Davis at the numbers listed below.


Michael Hopley, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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