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Cronus Resources Limited

Published : August 13th, 2007

CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

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Keywords :   G Mexico | Gold | Mexico |

SUNRISE MINERALS CLOSES �FIRST TRANCHE OF PRIVATE PLACEMENT

Toronto, Ontario, August 10, 2007 - Sunrise Minerals Inc. [TSXV:SUN] has closed Tranche 1 for 7,267,500 units, representing gross proceeds of $ 1,162,800, of the non-brokered private placement previously announced on June 29, 2007 and amended on July 5th, 2007. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will be exercisable into one additional common share at an exercise price of $0.22 until August 10, 2009.

Proceeds from the private placement will be used to finance planning and the current phases of work on the projects in three gold properties in Baja California North, Mexico, and the evaluation of additional opportunities in Latin America and for general corporate purposes.

SUN on the TSX-V

52-week range $0.17 -$0.73

31.5 million Shares Outstanding

www.sunriseminerals.com

For further information, contact

Ari Sussman, CEO 1-416-643-7655 or

Email:� info@sunriseminerals.com

 

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Cronus Resources Limited

CODE : CZR.V
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Cronus Resources Ltd is a silver and gold exploration company based in Canada.

Cronus Resources Ltd is listed in Canada and in Germany. Its market capitalisation is CA$ 13.5 millions as of today (US$ 10.2 millions, € 8.7 millions).

Its stock quote reached its highest recent level on December 30, 2003 at CA$ 1.15, and its lowest recent point on October 24, 2008 at CA$ 0.05.

Cronus Resources Ltd has 13 476 000 shares outstanding.

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Financings of Cronus Resources Limited
8/17/2007CLOSES OF PRIVATE PLACEMENT
8/13/2007CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Corporate news of Cronus Resources Limited
7/5/2007INCREASES FINANCING TO $1.92 MILLION
6/28/2007 Field Program Summary
6/20/2007Annual Meeting Summary
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TSX-V (CZR.V)FRANKFURT (LL1A.F)
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