Sunridge Gold

Sunridge Gold Corp (SGC/TSX.V) is pleased to announce that, as part of a recently announced prefeasibility study on the Asmara North deposits, the Company has started an 8,500 meter drilling program at the Emba Derho copper-zinc-gold deposit. The drilling program will consist of approximately 6,000 meters of diamond drilling which will define parts of the Emba Derho deposit in greater detail, test for extensions of the mineralization to the north, west and east and test for depth extensions to the mineralization.

Expansion drilling to the north, east and west will test coincident geophysical gravity and electromagnetic anomalies which could be lateral extensions of the main Emba Derho Deposit.

The main part of the Emba Derho deposit has been drilled from surface to a depth of approximately 300 to 350 meters and the mineralization is open at depth.

A number of the previously drilled holes contained significant copper grades showing that the higher grade copper zone continues to depth – see the table below that summarizes some of these intervals that have been previously reported.

Management believes that there is strong potential to add to the size of the Emba Derho deposit with this program. This drill program will also collect geotechnical data and more metallurgical samples.

In addition to the above extension possibilities, a 2,500 meter reverse-circulation drill program will target further definition and potential expansion of the shallow oxide gold-cap at Emba Derho. Any increase in the gold cap could provide additional resources for an open pit operation.

Current Emba Derho Resource: The September 10, 2008 Wardrop Engineering Inc. Indicated resource estimates for Emba Derho are summarized as follows:

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 116 million shares outstanding and approximately $25 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please visit our website at www.sunridgegold.com or call Greg Davis at the numbers listed below. All of the above mentioned technical reports are filed on the Company’s profile at www.sedar.com.

Notes:

1. All drill holes reported are diamond drill holes.

2. Drill intercept lengths only are reported in the tabulations; it is estimated that true width will be approximately 80% of the reported drill intercept length.

3. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.

4. A description of the geology, sampling procedures, and the Company’s laboratory Quality Assurance / Quality Control procedures are as described in each of the Company’s most recent National Instrument 43-101 Technical Reports filed and dated March 15, 2007. These reports are available on the Company’s profile at www.sedar.com.

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

6. The Qualified Person responsible for the release of this exploration information is Michael Hopley, President and Chief Executive Officer of Sunridge Gold Corp.

SUNRIDGE GOLD CORP.

“Michael Hopley”

Michael Hopley, President and Chief Executive Officer

Chalice Gold Eritrea

Chalice Gold Mines Limited (ASX: CHN) is pleased to advise that a resource upgrade at the Koka deposit at its Zara Gold Project in Eritrea is imminent following the receipt of more high-grade infill drilling results.

The new results, which are the last from the infill drilling program at Koka, come from diamond drill holes ZARD 143 and ZARD145 to 157 from within the Koka Main Zone.

Assays have now been received from all 30 holes of a ~5,000 metre infill diamond drilling programme designed to bring further confidence to the high grade mineralisation of the Koka Main Zone and to be used as part of the final resource estimate for the Koka Bankable Feasibility Study.

All data is now undergoing validation as part of the revised resource estimate, which will be released during the next quarter (Figure 2).

Two diamond drill rigs are now drilling on double shift at the Koka East Zone, which lies 80-100 metres into the hanging wall of Koka Main Zone, with results pending from the seven holes completed to date. Site preparation for drilling of the Koka South Zone is in progress with drilling expected to commence there shortly.

Koka Main is the flagship gold deposit at Chalice’s 80 per cent-owned Zara Project, which has a JORC compliant Indicated and Inferred resources of 944,000 ounces.

Significant intersections include:

• 7 metres grading 18.71 grams of gold per tonne in ZARD143;

• 5 metres grading 40.28 grams of gold per tonne in ZARD146;

• 23 metres grading 5.58 grams of gold per tonne in ZARD147B;

• 21 metres grading 9.30 grams of gold per tonne in ZARD147B;

• 16 metres grading 11.07 grams of gold per tonne in ZARD149, and;

• 9 metres grading 6.28 grams gold per tonne in ZARD153B.

A complete tabulation of significant results is provided in Table 1.

About the Zara Gold Project

The Zara Joint Venture comprises four Exploration Licenses and two Prospecting Licenses covering an area of 615 km2 situated in northern Eritrea, approximately 160 km northwest of Asmara city (Figure 1).

Chalice holds an 80% interest in the project and has an option to acquire the remaining 20% held by Dragon Mining (ASX: DRA). At a decision to mine the Government of Eritrea has a statutory right to a 10% free carried interest and a further right, at its election, to purchase a further 30% based on an independently assessed NPV.

The Koka Gold Deposit within the Zara Joint Venture contains an estimated resource of 5 million tonnes of ore containing 944,000ozs gold, grading 5.8 grams of gold per tonne. Metallurgical test work indicates overall recoveries exceeding 95% with ~60% recovered by gravity.

DR DOUG JONES

Managing Director

31 March 2010

Competent Persons’ Statement

The information in this report that relates to Exploration Results is based on information compiled by Dr Doug Jones, a full-time employee and Director of Chalice Gold Mines Limited, who is a Member of the Australasian Institute of Mining and Metallurgy and is a Chartered Professional Geologist. Dr Jones has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here. The Independent Resource Estimate for the Koka deposit was prepared by Mr Brian Wolfe, whilst employed as a Specialist Resource Geologist for Coffey Mining Pty Ltd. Mr Wolfe, who is a Member of the Australasian Institute of Mining and Metallurgy, has sufficient experience in the field of Resource Estimation to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.

For more information please see document: Results

Seadrill has been awarded a two-well contract by Red Sea Petroleum Operating Company Limited (RSPOC) for the jack-up rig West Prospero. The assignment is for operation offshore Sudan with mobilization scheduled for December this year.

The drilling assignment is expected to take some six months and the estimated contract value is approximately US$49.9 million inclusive of mobilization and demobilization.

West Prospero, which is currently idle in Indonesia, will be upgraded with high pressure, high temperature (HTHP) capabilities prior to moving to Sudan on a heavy lift vessel. (Scanoil)