Sunridge Gold Completes Besakoa Option Agreement

Sunridge Gold (SGC.TSXV) notified Majescor Resources that it has fulfilled its obligations pursuant to the option agreement dated Sept. 15, 2008, and amendment agreement dated June 19, 2009 by incurring $2-million in work expenditures on the Besakoa volcanogenic massive sulphide (VMS) project in southern Madagascar, and by issuing 300,000 Sunridge common shares to the Majescor.


As a result Sunridge Gold has completed the acquisition of a 50% interest in Daraina Exploration SARL, a registered Malagasy corporation and a 100%-held subsidiary of Majescor, the owner of the Besakoa project.