Nevsun Resources

Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to announce its recent financial position and its annual results for 2009. All amounts are expressed in United States dollars.

The Company’s cash position at the end of March 2010 is approximately $118 million.

For the year ended December 31, 2009 the Company has reported a loss of $5.5 million. The results compare to 2008 when the Company reported a loss of $5.7 million, including $2.0 million of income from discontinued operations.

Included in the Company’s MD&A are management’s report on the Company’s Bisha Project construction progress, as well as economics and cash flows for the project. The project is now over 50% complete and commissioning is expected to commence in late 2010. Photographs of the construction progress can be found at www.nevsun.com/properties/photo_gallery.

Complete details of the 2009 financial statements and management’s discussion and analysis can be found on the Nevsun website at www.nevsun.com as well as on Sedar at www.sedar.com and EDGAR at http://www.sec.gov/edgar/searchedgar/webusers.htm.

Forward Looking Statements:

The above contains forward-looking statements concerning cash position, construction progress 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.

NEVSUN RESOURCES LTD.

Cliff T. Davis

President & Chief Executive Officer

Sunridge Gold Corp. (SGC/TSX.V) is pleased to announce assay results for the first four diamond drill holes from the 2009 drill program at the 100% owned Debarwa high-grade copper-gold-zinc volcanogenic massive sulphide (VMS) deposit in Eritrea. To date, thirty-five holes have been completed with the objective of expanding the supergene and primary zones. Further assays will be released as available.

DRILL HIGHLIGHTS:

DEBD-092: 36.75 metres grading 4.82% copper and 1.12 g/t gold, including 15.67 metres grading 10.21% copper and 2.01 g/t gold
DEBD-093: 24.00 metres grading 1.13% copper
DEBD-094: 26.15 metres grading 3.77% copper including 14.15 metres grading 6.26% copper

Holes DEBD-092 and 095 were drilled into the main copper supergene zone at Debarwa to further define this zone and to get fresh samples for further metallurgical testing. Results of DEBD-092 are very encouraging because the high grade copper supergene intercept in this hole is significantly wider than predicted. In addition, drill hole DEBD-095 extended the high grade supergene copper zone about 20 metres further down-dip.

Drill holes DEBD-093 and DEBD-094 were drilled to define and extend the high-grade copper mineralization down-dip in the Debarwa South and successfully intercepted the high-grade zone. The Debarwa south zone is located approximately 400 metres south of the main Debarwa zone. DEBD-092 and 094 both indicate potential to increase resources and grades at the Debarwa VMS deposit (see attached map).

Table1

Note: True thickness is estimated at approximately 90% of the drill intervals reported in the table.

The objective of the drill program at Debarwa is to expand the existing resources by testing nearby geophysical anomalies as well as attempting to extend the high-grade copper-gold supergene zone to the south and to extend the copper-zinc primary zone to depth. In addition, fresh samples for metallurgical testwork were recovered.

In the existing resource at Debarwa the copper supergene zone has an average grade of 5.36% copper using a 1% copper cut-off, and is estimated to contain 158 million pounds of copper in the Indicated category. The primary zone at Debarwa has not had significant delineation drilling in previous programs and is open for expansion at depth and along strike. The primary zone has an average grade of 2.53% copper with 3.23% zinc in the Indicated category using a 1% copper cut-off. (see the resource statement below).

Michael J. Hopley is the Qualified Person for Sunridge and is the person responsible for preparation of the technical information contained in this news release. Mr. Hopley is President and Chief Executive Officer of Sunridge.

ABOUT SUNRIDGE:

Sunridge Gold Corp. 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. On October 2, 2009, Sunridge announced the signing of a definitive exploration and funding agreement with Antofagasta Minerals S.A. to form a strategic partnership whereby Antofagasta will fund US$10,000,000 of exploration work over a five year period on the “Exploration Areas” of the Asmara project to earn up to a 75% interest in these areas and also invested US$5,000,000 in a non-brokered private placement.
Sunridge has approximately 76 million shares outstanding and $8.3 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.

Contacts:

Sunridge Gold Corp.

Don Halliday

Executive Vice President

604-899-1505 (direct)

donh@sunridgegold.com

Sunridge Gold Corp.

Greg Davis

VP Business Development

604-688-1263 (direct)

greg@sunridgegold.com

www.sunridgegold.com

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.

See the Technical Report titled Debarwa Project, Eritrea, Mineral Resource Estimate prepared by MSA Geoservices (Pty) Ltd. filed on SEDAR on March 4, 2008.

Map Asmara Project Debarwa VMS

The January 21, 2008 MSA resource estimates for Debarwa are summarized as follows:

Table2

Table3