Eritrea Resource play (ERP)

[Ed Monton]

Sunridge Gold Corp.: Asmara Project Licenses Extended
as Sunridge Takes Over Management

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 16, 2005) - Sunridge
Gold Corp. ("Sunridge") (TSX VENTURE:SGC) announces that its
joint-venture partner, Sub-Sahara Resources NL, ("Sub-Sahara") has
received notification from the Minister of Energy and Mines in Eritrea
that the renewal date of all three licenses that make up the Asmara
Project has been extended to May 30, 2006. Under the Eritrean mining
code an additional year of exploration (to May 30, 2007) is allowable on
these licenses provided that sufficient exploration work is completed.
It is anticipated that after that date the licenses would be converted
to long-term mining licenses.

In addition, Sunridge has notified Sub-Sahara that it has assumed
management of the Asmara project. As operator Sunridge is currently
planning the resumption of the 2005 exploration program.

As previously announced, Sunridge has also recently notified Sub-Sahara
that Sunridge has earned a 40% interest in the Asmara Project by
spending the required US$2.4 million in exploration expenditures and
that it intends to earn an additional 30% interest in the project by
continuing to be the sole financial contributor and by completing a
bankable feasibility study within the required 3-year period.

The balance of assays from the August 2004 drill program on the Adi
Nefas zinc/gold prospect as well as the Gupo Gold deposit are expected
in early March.

Michael Hopley, President and CEO of Sunridge Gold Corp. is the
Qualified Person as defined in NI 43-101, and is responsible for the
preparation of the information in this news release.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

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FOR FURTHER INFORMATION PLEASE CONTACT:
Sunridge Gold Corp.
Don Halliday
[phone]
[phone] (FAX)
[e-mail]
www.sunridgegold.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.