Sunridge Gold Drills 56 Metres of 1.0 g/t Gold & 0.8% Copper at Adi Rassi Copper-Gold Project, Asmara Project, Eritrea

Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) ('Sunridge?) is pleased to
report that final assays results have been received for the Company′s
2012 exploration diamond drill program at the Adi Rassi copper?gold
prospect, part of the Asmara Project in Eritrea. These results continue
to show wide copper and gold intercepts and confirms management′s belief
that Adi Rassi is a new large copper-gold discovery that has the
potential to become Sunridge′s fifth deposit on the Asmara Project.

The copper-gold mineralized zone has now been defined over about 400
metres strike length, 40 to 100 metres in width and to a vertical depth
of 330 metres. The zone remains open and Sunridge is now planning the
next phase of drilling and completion of an initial resource estimate on
the Adi Rassi deposit.

New Drill Highlights include:

• AR-013-D: 56.17 metres averaging 0.80% copper and 1.01 g/t gold
• AR-014-D: 49.65 metres averaging 0.31% copper and 0.47 g/t gold
• AR-016-D: 74.26 metres averaging 0.52% copper and 0.34 g/t gold
• AR-017-D: 38.20 metres averaging 1.50% copper and 0.50 g/t gold
• AR-018-D: 99.00 metres averaging 0.54% copper and 0.43 g/t gold

Previous Reported Drill Highlights include:

• AR-002-D: 23.00 metres averaging 1.39% copper and 1.95 g/t gold
  (2010)
• AR-004-D: 78.00 metres averaging 1.00% copper and 0.22 g/t gold
  (2010)
• AR-010-D: 57.72 metres averaging 1.44% copper and 0.19 g/t gold
  (June 25, 2012)
• AR-012-D: 92.50 metres averaging 0.66% copper and 0.51 g/t gold
  (June 25, 2012)

'The 2012 drill program has successfully better defined and expanded the
copper and gold mineralized zone and it is now clear that Adi Rassi has
the potential of becoming much larger than the nearby Debarwa deposit?
states Michael Hopley, President and CEO of Sunridge. 'Metallurgical
test work is underway to determine if the copper and gold recovery
methodology is compatible with the process to be used at the nearby
Debarwa copper-gold deposit. The next step is to have an independent
initial resource estimate completed.?

Copper and gold mineralization at Adi Rassi is associated with quartz
veins and breccia zones along a major shear zone that trends northeast
for over 3 kilometres and dips steeply to the west. This mineralization
is considered to be remobilized from a distal source, possibly an as yet
unidentified buried volcanogenic massive sulphide (VMS) deposit and is
mainly hosted in strongly foliated and distorted altered mafic volcanic
tuff and flows. (see map at the end of this news release).

The Adi Rassi prospect is located less than 10 kilometres from
Sunridge′s Debarwa copper-zinc-gold VMS deposit where a positive
feasibility study was completed and announced May 14, 2012. This
proximity could have positive implications for any mining opportunities
in the southern part of the Asmara Project.

* interval includes 1.5m not sampled and assigned 0.0 grades

Other 2012 Exploration Targets on the Asmara Project

Other gold and VMS targets drilled as part of the 2012 exploration
program have yet to return any significant results although further
assays are still expected. Sunridge will now focus its efforts on moving
the four established deposits on the Asmara project to the completion of
a final feasibility study in Q1 2013 and developing a new resource at
Adi Rassi.

NOTES:

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 123
million shares outstanding. 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.

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.

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.

To view the graphic titled Adi Rassi Drilling Geology please click on
the following link:

http://www.usetdas.com/pr/sgcdrilling08012012.jpg

For further information:

Greg Davis, 604-688-1263 (direct)

VP
Business Development

greg@sunridgegold.com