Sunridge Gold Updates United Nations Sanctions on Eritrea

Sunridge Gold Corp. (TSX VENTURE:SGC)(OTCQX:SGCNF) wishes to provide an update
on the latest developments regarding the United Nations Security Council's
(UNSC) actions in respect to Eritrea.


The UNSC resolution 2023 (2011), which was passed December 5, 2011, includes
three sections (see the actual wording of an extract of the text of the
resolution below) related to the mining industry and should have no direct
impact on Sunridge's operations in Eritrea. At this time, it is not possible to
anticipate any indirect impacts of the resolution.


The mining specific sections of the resolution are reprinted below:

12. Expresses concern at the potential use of the Eritrean mining sector as a
financial source to destabilize the Horn of Africa region, as outlined in the
Final Report of the Monitoring Group (S/2011/433), and calls on Eritrea to show
transparency in its public finances, including through cooperation with the
Monitoring Group, in order to demonstrate that the proceeds of these mining
activities are not being used to violate relevant resolutions, including 1844
(2008), 1862 (2009), 1907 (2009) and this resolution;


13. Decides that States, in order to prevent funds derived from the mining
sector of Eritrea contributing to violations of resolutions 1844 (2008), 1862
(2009), 1907 (2009) or this resolution, shall undertake appropriate measures to
promote the exercise of vigilance by their nationals, persons subject to their
jurisdiction and firms incorporated in their territory or subject to their
jurisdiction that are doing business in this sector in Eritrea including through
the issuance of due diligence guidelines, and requests in this regard the
Committee, with the assistance of the Monitoring Group, to draft guidelines for
the optional use of Member States;


14. Urges all States to introduce due diligence guidelines to prevent the
provision of financial services, including insurance or re-insurance, or the
transfer to, through, or from their territory, or to or by their nationals or
entities organized under their laws (including branches abroad), or persons or
financial institutions in their territory, of any financial or other assets or
resources if such services, assets or resources, including new investment in the
extractives sector, would contribute to Eritrea's violation of relevant
resolutions, including 1844 (2008), 1862 (2009), 1907 (2009) and this
resolution;


The full text of the resolution may be found on the UNSC web site.

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 117 million shares outstanding
and approximately $13 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 Greg Davis at the number listed below.


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.
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