Sunridge Gold Corp. (SGC/TSX.V) (“Sunridge”) is pleased to announce that Sunridge and Antofagasta Minerals S.A. have commenced a new drilling program at the Adi Rassi copper-gold prospect within the Asmara Project, Eritrea, which is within the Exploration Areas and part of the joint-venture exploration funding agreement with Antofagasta Minerals announced October 2, 2009. The Adi Rassi copper/gold prospect is located about 8 kilometers southeast of the company’s Debarwa high-grade copper/gold VMS deposit. The program will consist of at least four holes totaling 1,200 meters of diamond drilling.

The copper and gold mineralization at the Adi Rassi prospect is associated with quartz veins and breccia zones along a major shear zone that trends northeast and dips steeply to the west. This mineralization is mainly hosted in strongly foliated and distorted altered mafic volcanic tuff and flows. Alteration associated with copper mineralization can be seen at surface in a zone that measures about 80 meters wide along a strike length of approximately 500 meters.

From 1971 to 1974 the prospect was evaluated by the Ethio-Nippon Mining Company and a drill program of 11 diamond drill holes comprising 2,170 meters of core were completed over a 550 meters of strike length. The best results from this historic drilling were 41.3 meters of 1.77% Copper (DDH EN-7) and 33.6 meters of 1.5% copper (DDH EN-4).

Note: The above drill results are taken from the report “Adi Rassi Copper Prospect — Ore Resources Evaluation” by D.J. Toogood, December 1997, Phelps Dodge Exploration Corp. While the above historical data appears to be complete and the procedures followed appear reliable, Sunridge has not completed the work necessary to verify the reported results.

DAERO PAULOS DRILLING:

All results have recently been received from the drilling of the large Daero Paulos copper target also part of the Antofagasta joint-venture exploration funding agreement. Twelve widely spaced diamond drill holes were drilled over an area of surface alteration measuring approximately 500 meters wide and 2.5 kilometers long. The program returned only a few narrow zones of mineralization.

REGIONAL TARGET GENERATION

In addition to the above drilling programs a regional target generation program is underway covering all parts of the Exploration Areas as defined in the joint-venture exploration funding agreement with Antofagasta. Stream geochemical sampling, satellite imagery analysis and local geological mapping are the main tools being used and it is hoped that this work will result in the generation of new drill targets over the next few weeks.

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 $5.5 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.

NOTES:

A Quality Assurance/Quality Control program was part of the sampling program on the Daero Paulos copper prospect. This program includes chain of custody protocols as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the sampling.

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

The results of the Daero Paulos copper prospect drill program have been reviewed by Michael J. Hopley the Qualified Person for Sunridge. Mr. Hopley is also the person responsible for preparation of the technical information contained in this news release and is President and Chief Executive Officer of Sunridge.

SUNRIDGE GOLD CORP.

“Michael Hopley”

Michael Hopley, President and Chief Executive Officer

By Alastair Ford

East Africa is increasingly coming into focus in London as a mining province.

It’s not the only new area in Africa emerging as a force in the mining industry – Burkina Faso and Mali have gained much traction in recent years – but development in East Africa generally is at an earlier stage, and the opportunities are accordingly much greater.

Michael Hopley of Sunridge Resources describes his own company’s entry into the region in the following terms: “We followed the classic path of a successful junior company – going where others feared to tread and then attracting the attention of a major”.

Sunridge has been on the ground in Eritrea for some years now, and can fairly claim a place amongst the ranks of first movers in the country. Neighbours now include Nevsun and Chalice Gold Mines, and if the gold price remains high, and the geological thinking stays the same, it’s a fair bet there’ll be a few more entrants into the country over time.

At the beginning of the autumn Antofagasta signed up with Sunridge on a joint venture that will involve the Chilean copper major spending US$10 million on exploration over the next five years. At the same time Antofagasta also invested US$5 million directly into Sunridge, making it the company’s largest shareholder. The deal lit a fire under those with a watching brief on East Africa, and some London commentators went on to describe the company as the best positioned in the region, following the deal.

The thinking is straightforward. At Emba Derho, Sunridge has a superb-looking flagship project. At the last count Emba Derho boasted 990 million pounds of copper, 1,900 million pounds of zinc, 485,000 ounces of gold, and 19.5 million ounces of silver. That’s just the sort of project to stretch the mettle of a junior miner, without overwhelming it.

It’s not quite big enough to tempt a major in, though. Antofagasta did have a look at it, gave it the thumbs up on its own terms, and decided that the best thing about it was that it was it was a good indicator of the wider prospectivity of the area. So the joint venture deal excludes Emba Derho, and three other projects on which Sunridge has worked up a resource.

For its part, as it goes to work on the 58,000 hectares that comprise Sunridge’s Asmara property, Antofagasta will be embarking on a process that will eventually allow it to earn up to 60 per cent of the project. If it then takes a project through to feasibility it will earn an additional 15 per cent.

So, although the deal positions Sunridge nicely, leaving it with C$9 million in the bank as of December and free to work up its four advanced projects, it also allows Antofagasta to build a sizeable land position in an emerging mining province on the simple basis that it pays for its own data.

That’s what you might call a win-win situation, and it’s no wonder that where markets were able to express an opinion on the deal – in the trading of Sunridge shares – the general feeling was one of approval. Sunridge shares had been on the rise all year, but following the deal they jumped up a punchy 50 per cent, from around C$0.50 to around C$0.75. They’ve since given back some ground, though, and are currently trading at around C$0.63.

That’s all well and good, but still leaves Sunridge with plenty of work to do on the properties that have stayed exclusively under its control. Over the summer consultants at Wardrop gave Emba Derho a detailed once over and concluded in a published scoping study that for US$330 million Sunridge could construct a four million tonnes per year operation at Emba Derho, mining from an open pit for 10.4 years, and based on the current resource numbers.

The potential for a longer mine life was explicitly mentioned, based on a very real possibility that either an underground option could be developed, or that open cut mining could be extended. Exactly where Sunridge goes for that US$330 million isn’t yet clear, but it’s worth noting that the company has seven confidentiality agreements in place, and that the counterparties include groups of Koreans, Saudis, Egyptians, and Chinese.

Meanwhile, at the smaller Debarwa project, which Michael Hopley says may in fact be the first into production, Sunridge has just hit 15.67 metres at 10.21% copper and 2.01 grammes per tonne gold. That bodes well for strong early cash flow from a smaller scale mine, probably working initially on a direct shipping model. Something there could be up and running within a couple of years, reckons Michael.

Meanwhile, as Nevsun moves to within an ace of putting its million ounce Bisha gold project into production, the focus on Eritrea is only likely to grow. So far, from a political perspective, it’s been a good place to operate as a mining company. There is every sign that it will continue to be so. And if that’s the case, the interest of London-based investors is likely to increase still further. Source: (Minesite)

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 11/16/09 — Sunridge Gold Corp. (TSX VENTURE: SGC) is pleased to announce that Mr. Ricardo Muhr, Vice President of Mineral Resources for Antofagasta Minerals S.A. (“Antofagasta”), has been appointed to Sunridge’s Board of Directors. Last month Sunridge announced a strategic partnership with Antofagasta whereby Antofagasta has agreed to fund US$10 million of exploration work on Sunridge’s Asmara Project in Eritrea. In addition, Antofagasta completed a US$5 million private placement financing into Sunridge and became the Company’s largest shareholder. As a result Antofagasta has the right to have one representative on the Sunridge board.

NEW DIRECTOR:

Sunridge is very pleased to have Mr. Muhr join the Board as he brings many years of expertise and success in the base metals business to the Company. Since 1997 Mr. Muhr has held the post of Vice-President of Mining Resources for Antofagasta and he has been responsible for the national and international exploration for Antofagasta since that time. He holds a degree in Geology from the University of Chile and from 1982 to 1984 he was involved in the exploration and geological evaluation of Escondida, one of the largest operating copper mines in Chile. In 1988, he led the evaluation of the Los Pelambres deposit, one of Antofagasta’s most successful mining operations. Mr. Muhr is also a Director of Energia Andina S.A., a joint-venture company between Antofagasta and the Chilean state-owned oil company, ENAP. Energia Andina is dedicated to the exploration and development of geothermal energy in Chile. Mr. Muhr is also Director of Anaconda Peru S.A. and a stand-in Director of Minera Los Pelambres and Minera El Tesoro. Mr. Muhr has broad knowledge of mining in the South American Andes Region and is a member of the Chilean Geological Society and of the Society of Economic Geologists. Antofagasta is a wholly-owned subsidiary of Antofagasta plc, which has interests in mining, transportation and water distribution. Antofagasta plc is listed on the London Stock Exchange and is a constituent of the FTSE-100 Index. In addition to copper mining operations and growth projects in Chile, it also has projects at exploration of feasibility level in Latin America, Asia, Africa and Europe.

The Board have today granted Incentive Stock Options to Mr. Muhr on 100,000 shares of the Company’s capital stock, exercisable for up to five years at a price of $0.66 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 50% immediately and 50% on six months from date of grant and will be subject to any applicable regulatory hold periods.

SUNRIDGE GOLD – ANTOFAGASTA EXPLORATION PROGRAM:

The first Asmara Project Joint-Venture Management Committee meeting was held in Asmara on October 16th 2009. This committee consists of two members from Sunridge and two from Antofagasta. A program of detailed geological and structural mapping was agreed to on the large and highly prospective Dairo Paulus exploration area with the goal of defining specific drill targets. This work has been underway for the past month with staff from both Sunridge and Antofagasta. It is planned that drilling will commence at Dario Paulus in January 2010. In addition the Joint-Venture Management Committee agreed to a compilation program of the existing geochemical and geophysical data at Dairo Paulus as well as a regional stream sediment sampling program. This work has been underway for several weeks.

ABOUT SUNRIDGE:

Sunridge Gold Corp. 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. On October 2, 2009, Sunridge announced the signing of a definitive exploration and funding agreement with Antofagasta 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. Antofagasta also invested US$5,000,000 into Sunridge in a non-brokered private placement.

Sunridge has approximately 76 million shares outstanding and $9.0 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

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company’s actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company’s properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company’s filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company’s management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

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.