Southridge Enterprises Inc (SRGE)

[I-Glow]

THE BEST REASON NOT TO INVEST IN SRGE.

Actually, there so many it was difficult to pick just one but the proof is in real incontrovertible evidence from a real mining company that spent real dollars at Cinco Minas.

The SRGE bunch never addresses all of the problems Tumi Resources found a Cinco Minas. Read it and weep!

When Tumi did a in-house plus outside consultation and technical evaluation of Cinco Minas they came to the conclusion that it was not economically feasible due to the deep or underground mines having a history of open stopes and the pit or surface mine having too much overburden or the very high strip ratio.

make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential.

Tumi, thought so little of the Cinco Minas Project that they wrote-off $2,903,371 in acquisition and exploration costs.

Cinco Minas
After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review
of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge
S.A. de C.V. Although a resource was established for Cinco Minas, the results of a scoping study previously
undertaken by Behre Dolbear indicated a very high strip ratio for an open pit mining operation, such indication having
been confirmed by in-house studies performed by the Company’s technical consultants. Additionally, a review of an
underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly
when having to deal with a large number of historic open stopes. In summary, a combination of a very high strip ratio
for an open pit, underground open stopes, and an option to earn only a 60% interest with high underlying holdings
costs, make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential. Accordingly, the Company wrote-off $2,903,371 in acquisition and exploration costs.

IG