Sunridge Gold Drills 51 Metres of 1.71 g/t Gold at Kodadu Target, Asmara Project, Eritrea

Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) ('Sunridge?) is pleased to
report that assay results have been received for all 21 holes of the
recently completed reverse-circulation drilling program on the Kodadu
target located on the Company's Asmara Project in Eritrea, East Africa.
The program has successfully intercepted significant gold mineralization
in the oxide gold cap of the Kodadu volcanic-massive-sulphide zone
(gossan) as well as defining more gold mineralization in a nearby shear
zone. The results represent a new gold discovery for Sunridge; previous
drilling in the area targeted deeper volcanogenic-massive-sulphide base
metal mineralization (see map).

Fladgate Exploration Consulting Corporationhas now been
commissioned by the Company to complete an initial resource calculation
on the gold oxide zones at Kodadu. The goal of the exploration work at
Kodadu is to rapidly define a resource that could be mined as feed to a
central gold plant near the large Emba Derho deposit.

Drill Highlights:

• KD-002-R 51m of 1.71g/t Au
• KD-003-R 31m of 1.77g/t Au
• KD-004-R 22m of 1.66g/t Au
• KD-010-R14m of 1.04g/t Au
• KD-016-R33m of 1.15g/t Au

'The drill program at Kodadu has successfully intercepted significant
near surface gold mineralization and has provided enough information to
begin work on an initial resource estimate,? states Michael Hopley,
President and CEO of Sunridge. 'This drilling program has again
demonstrated the prolific potential of the Asmara Project.?

The Kodadu target is located approximately 25 kilometers south of the
large Emba Derho copper-zinc-gold-silver deposit. Several gossans have
been identified by surface mapping that trend north-northeast for over
1.2 kilometre strike length and they have an average width of about 15
meters. Typically these gossans have depths from surface of 30 to 35
meters.

In addition to the VMS style target described above, gold mineralization
has been identified in a one kilometer shear zone running parallel and
about 100 meters west of the Kodadu gossans (see map). Geological
mapping has shown the zone to be approximately 30 meters wide.

Asmara Project Feasibility Study

The feasibility study on the four advanced deposits on the Asmara
Project remains on schedule to be completed in the second quarter of
2013. A positive Asmara Project Prefeasibility Study was completed in
May 2012 on these same four deposits which demonstrated robust
economics, with a pre-tax net present value of $555 million with a 10%
discount applied and an internal rate of return of 27%.

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 175
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.

NR 2013-08

Sunridge Gold Corp.

Greg Davis, 604-688-1263

VP Business
Development

greg@sunridgegold.com