Sunridge Gold Corp.
TSX VENTURE : SGC

Sunridge Gold Corp.

December 23, 2010 17:29 ET

Sunridge Gold Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2010) - Sunridge Gold Corp. (TSX VENTURE:SGC) reports that on December 14, 2010 Sierra Gorda Investment Company Limited ("Antofagasta") reported the sale of 13,588,750 common shares of Sunridge Gold Corp. being all of the shares it owned on www.sedi.ca.

On December 23, 2010, at a meeting of the board of directors, Ricardo Muhr the Antofagasta nominee, resigned as a director of Sunridge.

The board of directors thanks Mr. Muhr for his contributions during his term as a director.

ABOUT SUNRIDGE:

Sunridge is a mineral exploration and development company focused on the exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge has 117 million shares outstanding with approximately $28 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 www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.

SUNRIDGE GOLD CORP.   

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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