Sunridge Gold Corp. (the 'Company' or 'Sunridge') advises that Computershare, the Company's transfer agent, will close the Company's shareholder register at the close of business May 18, 2016 and requests to transfer shares after this date will be rejected.

The Company's shares were de-listed from trading on the TSX Venture Exchange and the OTCQX on May 13, 2016, to allow all trades up to that May 13, 2016 date to settle by May 18, 2016. May 18, 2016 is the record date for shareholders to be entitled to a return of capital to be paid in two distributions (the 'Record Date Shareholders'). The first distribution will be paid to the Record Date Shareholders within 5 days of the Record Date. The second distribution to the Record Date Shareholders will follow approximately six months later.

The Company will voluntarily dissolve after the second distribution and all obligations of the Company have been settled.

For additional information on the Company visit our website at www.sunridgegold.com.

SUNRIDGE GOLD CORP.

'Michael Hopley'
Michael Hopley, President and Chief Executive Officer

For further information contact:
Dan O'Brien, Chief Financial Officer 604-536-2711 ext 5

Neither the 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.

This news release contains certain statements or disclosures that may constitute forward-looking statements or information ('forward-looking statements') under applicable securities laws. All statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that management or the directors of the Company, anticipate or expect may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by terms such as 'may', 'will', 'expect', 'anticipate', 'believe', or other comparable terminology.

Forward-looking statements presented in such statements or disclosures may, among other things, relate to: the currency exchange rates, the amounts to be received, the amounts to be paid and the provisions to be made to settle the Company's obligation, both contingent and known, the timing and amounts of any cash distributions to be made by the Company, and the planned dissolution of the Company. Risks and uncertainties relating to such matters include the timing of the final settlement of the contingent liability relating to Delizia Limited and the timing of the collection of the final instalment of the Deferred Payment.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The Company is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. Because of the risks, uncertainties and assumptions contained herein, readers should not place undue reliance on forward-looking statements or disclosures.