VANCOUVER, BRITISH COLUMBIA, Sep 08, 2010 (MARKETWIRE via COMTEX) — Kin Communications Inc. is pleased to announce that its client, Nevsun Resources Ltd. (CA:NSU 5.27, -0.16, -2.95%) (NSU 5.10, -0.06, -1.16%) , reached $1 billion market capitalization.

Nevsun shares hit a 52-week high of $5.45 pushing it over the $1 billion milestone. The milestone was reached following an announcement by the company in August that it had bought out a third party royalty on its 60% owned Bisha gold and base metals project in Eritrea, East Africa.

“We have had a fantastic year and we expect our growth to continue as we move from construction to commercial production in 2011,” said Cliff T. Davis, President and Chief Executive Officer, Nevsun Resources. “This rally in our share price and trading volumes demonstrates the confidence the market has in Nevsun and rewards the hard work we have put into the Bisha project in the Eritrea.”

Bisha will be the first modern mine permitted and built in Eritrea and will set the stage for subsequent development. Nevsun is well positioned to take advantage of the geologic potential in this area of East Africa through strong government relationships, zero debt and a number of very good exploration targets in the immediate area.

The Bisha mine is on track for commissioning in Q4 2010, and is expected to produce over 400,000 ounces of gold annually at a conservative operating cost of less than $250/oz during its first two years of operation.

“This is a significant achievement for Nevsun and we are proud to represent Nevsun in our portfolio of clients,” said Arlen Hansen, President of Kin Communications. “We continue to believe that significant upside remains for shareholders as the company trades at a much lower cash flow per share multiple than industry comparables based on first 5 years of projected Gold/Base Metals production.”

Current valuations do not consider upside associated with open-pit and underground potential at Bisha as well as regional exploration potential associated with Nevsun’s Eritrean land position.

Nevsun marks the second of Kin’s clients to reach the $1 billion market cap milestone.

Kin Communications celebrated Nevsun’s milestone along with Kin’s third anniversary. Kin is a full service investor relations firm specializing in mineral resource companies since Kin’s inception, clients raise over $438m since October 2007.

Kin Communications Inc.

Cristina Bittante, VP Marketing and Investor Relations

Contacts:

Eritrea

Chalice Gold Mines Limited (CHN) Managing Director Douglas Jones held a presentation on Chalice Gold’s Zara Project in Eritrea at the 2010 Africa Down Under Conference in Perth, Australia.

The event is addressing an emerging and growing business interest of mining companies in the African continent. Africa is increasingly attracting investors following the flow of global exploration dollars into the continent as a result of Africa’s underexplored mineral richness.

The conference was attended by Mining Executives, Investors, Government Officials, African Mining Ministers, Mining Suppliers and Mining Industry Experts. The previous year, Africa Down Under attracted more than 900 delegates and around 100 exhibitors and a full programme of expert speakers.

Eritrea

Pursuant to the Sunridge Gold Corp. (SGC/TSX.V) shareholder approved Stock Option Plan, the Directors have today granted Incentive Stock Options to one officer and one consultant on 450,000 shares of the Company’s capital stock, exercisable for up to five years at a price of $0.50 per share, which price is the last closing price of the Company’s shares prior to the date of grant.

The options granted will vest under normal vesting terms and will be subject to any applicable regulatory hold periods.

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 $4.8 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”

Michael Hopley, President and Chief Executive Officer

VANCOUVER, BC – Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to announce it has added Scott Trebilcock to its senior management team as VP Business Development and Investor Relations.

Scott is a process engineer and MBA with 14 years of industry and consulting experience, working with Nautilus Minerals in Toronto, PRTM management consultants in Boston, Noranda in both Toronto and Philadelphia and Hatch Associates in Toronto, with significant international experience throughout. His combination of technical background and strong relationship building skills will add further strength to the Nevsun management team.

Scott will be initially focused on the transition of Nevsun from mine developer to a mid tier producer. Nevsun expects its Bisha project in Eritrea will be in commercial production during Q1 2011, producing at an annualized rate of over 400,000 ounces of gold per year, with industry low operating costs of less than $250 per ounce.

The resulting cash flow will be a company changer as well as a significant benefit to the State of Eritrea as it develops its mineral industry.

Scott commences his work with Nevsun on September 15, 2010 and will be re-locating from Toronto to Nevsun’s head office in Vancouver. Scott can be reached via email at strebilcock@nevsun.com or by phone through the Nevsun head office at +1 604 623 4700.

We welcome Scott to the Nevsun team.

Forward Looking Statements: The above contains forward-looking statements concerning development progress, planned mine output and project economics. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those described in the Management Discussion and Analysis of the Company. The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Eritrea

Chalice Gold Mines Limited (ASX: CHN) advises that it has informed Newmont Mining Corporation that Chalice will not proceed with a planned regional joint venture agreement in Eritrea.

The proposed JV, which was outlined in an ASX announcement on July 23, 2010, remained subject to formal documentation, which has not been completed.

Following the current fully underwritten rights issue Chalice will have cash of ~$16 million and therefore the Board has decided it would be in shareholder’s best interests if Chalice explored the highly prospective tenements in its own right. The tenements are currently under application.

Under a joint venture agreement, Newmont would have funded an initial $1-million reconnaissance exploration programme, after which both parties would have selected areas to be retained in the venture.

Newmont would have been the majority shareholder of the new joint venture with 75% ownership and Chalice ownership would have fallen to 25%.

Asmara, 3 September 2010 – (Shabait) – The Minister of Trade and Industry, Mr. Estifanos Habte, participated in the 14th COMESA Summit that was held in Lozitha city, Swaziland, from August 31 to September 1.

In the summit conducted under the theme: “Harnessing Science and Technology for Development,” the COMESA member states reached understanding on the need to reinforce efforts and allocate enough budget in research and communication technology, set up joint science and technology parks, as well as utilize biotechnology in the agriculture sector and nano technology in the health sector.

The summit also assessed the developments registered in the tripartite-free-trade among the COMESA, the South Africa Development Community and the East African Community, besides giving work directives as regards the finalization of the process.

Taking note of the significance of the prevalence of peace and security in the COMESA region towards attaining development and facilitating the economic integration process, the summit held extensive discussion and adopted resolutions and recommendations.

Also in a meeting held earlier beginning from August 18, the unilateral governmental committee, the Ministers and Foreign Ministers Council reviewed the tasks accomplished last year, in addition to submitting the proposal of the action plan for next year to the COMESA member states summit for approval.

COMESA is a regional organization comprising 19 countries from Eastern, Southern and Northern Africa.