Silver Sun Resource Corp (fka SSU)

[kiwisteve]

Silver Sun Acquires Additional Interest in Cherry Hill Gold Mine
Date : 05/12/2011 @ 9:15AM
Source : Business Wire

Silver Sun Acquires Additional Interest in Cherry Hill Gold Mine

Silver Sun Resource Corp. (“Silver Sun” or “the Company”) is pleased to announce that the Company has increased its interest in the Cherry Hill Mining Company to a total of 68.15% by acquiring an additional 17.15% interest.

In consideration for the additional 17.15% interest, the Company has agreed to issue 500,000 shares of Common Stock of the Company subject to obtaining all applicable regulatory, corporate approvals and consents, including the consent of the TSX Venture Exchange.

“With this increased ownership, Silver Sun gains a greater percentage of the potential profit of the mine as well as we now have control over mining and exploration activities,” states Silver Sun president Mark McLeary.

About Silver Sun Resource Corp.

Silver Sun Resource Corp. is a Canadian-based resource company focused on the acquisition, exploration and development of precious metal deposits in North America. The Company is engaged in an on-going work programme on the Zacatecas, Salvador, and Mina San Jose properties located within the prolific Zacatecas Silver District in Mexico, as well as its newly acquired Yoreme Silver Project in the mining district of Alamos, Sonora State, Mexico. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of mining projects that can be taken to production in the near-term. The company's design is to add shareholder value through efficient exploration, strategic acquisitions and effective marketing while maintaining a low risk profile through project diversification and sound financial management.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark A. McLeary”

President

Forward Looking Statements

Neither 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.