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[Merkin69]

Southridge Declares Fourth Quarter Cash Dividend

DALLAS, Dec. 18, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash dividend of $0.0002 per common share, payable on December 28, 2012 to shareholders of record at the close of business December 21, 2012. The dividend represents a payout of approximately 8% of the recently reported fourth quarter net income.

"We just posted our 4th Quarter Earnings, and felt that it was important for the company to reward shareholders in a timely fashion," said Michael Davies, President and CEO of Southridge Enterprises Inc. "The past year has been monumental for the Company, and getting our dividend distributed before the end of the year is a statement. We are very proud of all that has been accomplished over the past 12 months, and more importantly look forward to continuing our efforts build upon the foundation that was established in 2012."