Sunridge Gold Corp.
TSX VENTURE : SGC

Sunridge Gold Corp.

February 21, 2011 08:01 ET

Sunridge Gold Starts New Drill Program at Emba Derho Copper-Zinc-Gold Deposit, Asmara Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2011) - Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to announce that, as part of a recently announced prefeasibility study on the Asmara North deposits, the Company has started an 8,500 meter drilling program at the Emba Derho copper-zinc-gold deposit. The drilling program will consist of approximately 6,000 meters of diamond drilling which will define parts of the Emba Derho deposit in greater detail, test for extensions of the mineralization to the north, west and east and test for depth extensions to the mineralization.

Expansion drilling to the north, east and west will test coincident geophysical gravity and electromagnetic anomalies which could be lateral extensions of the main Emba Derho Deposit. The main part of the Emba Derho deposit has been drilled from surface to a depth of approximately 300 to 350 meters and the mineralization is open at depth. A number of the previously drilled holes contained significant copper grades showing that the higher grade copper zone continues to depth – see the table below that summarizes some of these intervals that have been previously reported. Management believes that there is strong potential to add to the size of the Emba Derho deposit with this program. This drill program will also collect geotechnical data and more metallurgical samples.

Drill Hole From - meters To - meters Interval - meters Copper %
ED-51-D 277.40 304.36 26.96 4.166
ED-52-D 314.75 331.70 32.95 2.108
ED-61-D 303.18 322.50 19.32 3.586
ED-174-D 365.80 377.16 11.36 3.00

In addition to the above extension possibilities, a 2,500 meter reverse-circulation drill program will target further definition and potential expansion of the shallow oxide gold-cap at Emba Derho. Any increase in the gold cap could provide additional resources for an open pit operation.

Current Emba Derho Resource: The September 10, 2008 Wardrop Engineering Inc. Indicated resource estimates for Emba Derho are summarized as follows:

Zone Cut-off grade Million Tonnes Copper % Zinc % Gold g/t Silver g/t
Gold Oxide 0.2 g/t Au 3.51 0.06 0.04 0.84 5.14
Copper-rich Primary 0.5% Cu 38.425 1.02 0.99 0.18 9.31
Zinc-rich Primary 1.0% Zn 20.545 0.28 2.35 0.39 12.13

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 currently has approximately 116 million shares outstanding and approximately $25 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please visit our website at www.sunridgegold.com or call Greg Davis at the numbers listed below. All of the above mentioned technical reports are filed on the Company's profile at www.sedar.com.

Notes:

1. All drill holes reported are diamond drill holes.

2. Drill intercept lengths only are reported in the tabulations; it is estimated that true width will be approximately 80% of the reported drill intercept length.

3. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.

4. A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance/Quality Control procedures are as described in each of the Company's most recent National Instrument 43-101 Technical Reports filed and dated March 15, 2007. These reports are available on the Company's profile at www.sedar.com.

5. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth, Western Australia.

6. The Qualified Person responsible for the release of this exploration information is Michael Hopley, President and Chief Executive Officer of Sunridge Gold Corp.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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.

Contact Information