Showing posts with label Michael Davies. Show all posts
Showing posts with label Michael Davies. Show all posts

13.5.12

Southridge to Decrease Total Outstanding Shares by Over 18%

Southridge to Decrease Total Outstanding Shares by Over 18%

DALLAS, Jan. 30, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced that it will be retiring 150 million shares.  This transaction represents a reduction of approximately 18% of the Company's issued and outstanding common shares.
Michael Davies, the Company's President, commented, "By decreasing the total outstanding shares by over 18%, we intend to increase future earnings per share and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community."
As previously announced on November 08, 2011, the acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time.
For further information on the Company's Gold and Silver projects, visit our website, http://www.southridgeminerals.com
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:

(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
About Southridge Minerals, Inc. 
(Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
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Southridge Signs Letter of Intent for $1.2 Million Commitment to Fund Cinco Minas Mill

Southridge Signs Letter of Intent for $1.2 Million Commitment to Fund Cinco Minas Mill



DALLAS, TX--(Marketwire -01/17/12)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce it has recently entered into a Letter of Intent ("LOI") for a $1.2 million USD funding commitment. Under the terms of the LOI, the investing partner company will earn a 35% equity stake in the net revenues from Phase 1 of the Cinco Minas Mill Production Plan (MPP) and have the first right of refusal to participate in the future expansion of the mill's capacity to 500 tonnes per day. Further details of the LOI are as follows:
  • $50,000 USD cash deposit, of which $25,000 was received on January 12th and the remaining $25,000 is to be paid upon completion of due diligence and the signing of a Definitive Agreement that is expected to occur within 30 days of entering into Letter of Intent.
  • $950,000 USD direct capital investment into the Cinco Minas Mill Production Plan (MPP) for the sole purpose of retrofitting the plant to process 60 tonnes of ore per day.
  • $200,000 USD commitment to reinvest back into MMP from earnings received from initial production.
"I am very pleased we have secured this funding which will expedite the Cinco Minas Mill Production Plan and expect to be in full operation and production in a short period of time," stated Michael Davies, President. "We look forward to advancing our Mill Production Plan immediately. In addition, I believe our Mill Assessment Committee has done such an exceptional job in building and developing a new strategy for the Cinco Minas Mill that I am confident will result in production profits by the third quarter of 2012. The MPP business strategy sets us apart from other junior mining companies because we have an advanced stage property and facility and confirmed mineral resources from which to begin production. Our timeline to turn a profit is much shorter than many other companies. Southridge expects a prompt return on investment from the mill and increased annual earnings at an accelerated rate, due to our capacity for expansion."
Phase 1 of the MPP is exclusive to processing ore through the mill supplied from the 71,734 tonne stockpile onsite with an average grade of 1.66 g/t Au (gold) and 203 g/t Ag (silver), estimated by the Guadalajara, Mexico, office of the international consulting firm to the mining industry Behre Dolbear. Given the quantity of stockpiled ore onsite and the high mineral grades in Behre Dolbear report, the Company has estimated the Cinco Minas Mill could yield over $10,000,000 in total production revenues, at current gold and silver prices, from the two years of ore supply at full production capacity of 60/tonnes per day.
There will not be an issuance of shares from Southridge as a part of this transaction.
For further information on the Company's Gold and Silver projects, visit our website,http://www.southridgeminerals.com
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
Contact:
Karen Mills
Investor Relations
Tel. (214) 699-6255
Email: Email Contact
http://www.southridgeminerals.com 
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Southridge Announces Listing on Mexican Federal Government SGM Website

Southridge Announces Listing on Mexican Federal Government SGM Website



DALLAS, TX--(Marketwire -01/09/12)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce that it has been listed on the "Servicio Geologico Mexicano" (SGM) website. SGM provides economic and financial information for the mining industry and metals for the utilization of the mineral resources for the country of Mexico and is part of the Mexican Federal Government's division of "Secreteria de Economia" (SE).
Michael Davies, President and CEO, said, "The listing on the SGM Website is another milestone in the long process of updating the mining registry, which is nearing completion now. Once the Mexican Mining registry update is completed and reflects the Company's current ownership interest in the Cinco Minas mineral concessions, we expect to immediately finalize and close on numerous Joint Venture and Financing proposals that have been in negotiations over the last year."
For further information on the Company's SGM listing visit:
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
Contact:

Karen Mills
Investor Relations
Tel. (214) 699-6255
Email: Email Contact
Website: http://www.southridgeminerals.com 
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Southridge Minerals Announces Stock Buyback for up to $2.2 Million

Southridge Minerals Announces Stock Buyback for up to $2.2 Million



DALLAS, TX--(Marketwire -11/08/11)- Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Board of Directors has approved a stock repurchase plan. The repurchase of up to $2,200,000 of the Company's common stock was authorized.
Michael Davies, the Company's President, commented, "We are very pleased to announce this Stock Buyback program and believe it benefits shareholders at a time when our stock is undervalued. The Buyback program is intended to increase future earnings per share by reducing the number of shares outstanding and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.
"We have been dismayed by the sharp decline in our share price over the past two quarters. It is our opinion that the Company's share price has become significantly undervalued and we believe buying back the Company's shares, at the current price level, represents an exceptional investment opportunity."
Acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time.
For further information on the Company's Gold and Silver projects, visit our website,http://www.southridgeminerals.com.
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
Contact:
Michael Davies
President
Tel. (214) 699-6255
Email: Email Contact
http://www.southridgeminerals.com 
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Southridge Minerals Announces Appointment of Engineer to Its Mill Assessment Committee

Southridge Minerals Announces Appointment of Engineer to Its Mill Assessment Committee



DALLAS, TX--(Marketwire -10/13/11)- Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce the appointment of Mr. Juan Renteria Gutierrez, Ing. and Director, to the Mill Assessment Committee (MAC). Mr. Renteria Gutierrez is currently finalizing an assessment report for the Cinco Minas Mill Production Plan (MPP). The Mill Assessment Committee is responsible for acting upon the assessment report's recommendations and implementing the MPP.
Southridge Minerals announced on Sept. 6, 2011 their intention to initiate operations of the 60-ton/day mill processing facility at Cinco Minas. The current plan timeline for the Company is to begin production at Cinco Minas during the first quarter of 2012. Cinco Minas is a past producing gold and silver mine in the Jalisco State of Mexico.
Southridge is also currently completing negotiations with a number of local mining companies to secure high-grade gold and silver ore for processing at the new Cinco Minas Mill. The Company intends to use ore from mines in close proximity to Cinco Minas to supplement production at the processing facility. Additionally, the Company will be processing its own ore through the mill from its 71,734 tonne stockpile onsite with an average grade of 1.66 g/t Au (gold) and 203 g/t Ag (silver), estimated by the Guadalajara, Mexico office of the international consulting firm to the mining industry of Behre Dolbear.
 

Cinco Minas Tonnage and Grade Estimate by Behre Dolbear

STOCKPILE               TONNES         AU g/t         AG g/t

Las Amarillas           21,557           2.43            282
Magdalena                8,158           0.72            108
El Kilo                  1,956           1.21            134
El Troce                17,643           0.51            119
San Pedro                3,550           3.37            383
El Abra                    907           4.36            186
El Abra (Tumbe)            432           6.19            247
Destajos                 7,653           3.01            313
La Abrita                9,878           0.77            120
TOTAL                   71,734           1.66            203
Southridge President Michael Davies commented, "The professionalism, experience and diligence possessed by Mr. Renteria Gutierrez will ensure the successful implementation of our mill production plan and launch Southridge into its production phase. We are very pleased to have such high caliber management involved in this project to drive the operations. This element will allow our corporate management to focus its attention more exclusively on financing and joint ventures, as well as the improvement of our capital structure and share price going forward."
For further information on the Company's Gold and Silver projects, visit our website,http://www.southridgeminerals.com
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
Contact:
Michael Davies
President
Tel. (214) 699-6255
Email: Email Contact
http://www.southridgeminerals.com 
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Southridge Announces Exceptional Trenching Results at Los Compadres Gold & Silver Property

Southridge Announces Exceptional Trenching Results at Los Compadres Gold & Silver Property



DALLAS, TX--(Marketwire -10/06/11)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce the initial results of a trenching and sampling program that was conducted on its Los Compadres Project in Santa Maria del Oro in Nayarit, Mexico.
The trenching and mapping results strengthen our commitment to this exceptional property. A new zone of porphyry copper-gold hydrothermal mineralization and a high-grade vein system with abundant visible gold were uncovered at Los Compadres. A composite grab sample of this 0.25 meter wide vein assayed 64.8 g/t Au. The vein was exposed for a length of 16 meters before it was mantled by Calc-alkaline volcanic rock. A channel sample cut above this vein and across another new zone in the immediate area assayed 18.31 g/t Au over 5.0 meters. A series of other excavations have been completed and sampled; however, as of today, assay results are yet to be received and will be announced immediately as they become available. The 2011 drill program has been delayed because of drill rig availability and it is now anticipated that this work will commence in January 2012.
In a management strategy to address the Company's low share price, increased attention has been given to finalizing the details of a Stock Buy-Back Program in order to assist in the building of a stronger share trading price point in the marketplace that more accurately reflects the asset value and potential of the Company.
Regarding other recent developments and processes, Southridge management is continuing its efforts to retire some of the restricted shares outstanding to improve the capital structure of the Company. Also, due to the success of Southridge's mining efforts in Mexico over the past six months, the Company has attracted the attention of a number of Canadian public companies that has led to discussions regarding joint venture and financing proposals. The Company is currently reviewing the proposals to decide which transactions fit the Company's future development plans in order to move forward with their completion. Details will be announced as they occur over the next quarter. Additionally, the Company's annual report and year-end financial statements are expected to be filed in the next several weeks with OTC Markets.
Southridge President, Michael Davies, commented, "Southridge is highly encouraged by the minerals results from our Los Compadres property. We strongly believe that ore from this property location could add significantly to the production values we expect to achieve from our mill on the Cinco Minas site. The results from Los Compadres will add to our negotiating position in any future joint venture efforts completed with other mining companies. On the Company equity side, management is adamant to improve the Company's share price by purchasing shares in the market and is committed to streamlining the capital structure with the reduction of the number of shares outstanding."
With metal prices forecasted to remain buoyant, properties that offer significant potential for Gold and Silver occurrence, a diverse management team, and a strong cash position, Southridge Minerals is well positioned to develop its opportunity to build shareholder value.
For further information on the Company's Gold and Silver projects, visit our website, www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels: 
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge Minerals is currently focused on projects in Mexico.
What sets Southridge Enterprises Inc. apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:

Michael Davies
President
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com 
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Southridge's Cinco Minas Property and Mill Processing Update

Southridge's Cinco Minas Property and Mill Processing Update



DALLAS, TX--(Marketwire -09/06/11)- Southridge Enterprises Inc.   (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Mill Production Plan (MPP) whereby the Company will begin preparations to ramp-up the processing of tailings and other ore samples through the Company's 60 ton per day mill located on the Cinco Minasproperty in Jalisco, Mexico.   Southridge expects to have a series of production processing runs completed through the mill before the end of this calendar year.   The Company's intentions of these ore processing runs is to re-establish the mineral production values achieved in previous years' processed through the mill and increase the processing and production volume to the mill's maximum capacity in the first quarter of 2012.
The Company also plans to further its recent exploration work on the Cinco Minas property in order to increase the properties mineral resource.   Recent exploration and development operations at Cinco Minas include geochemical rock chip sampling, electro-magnetic geophysical studies, mapping and channel trenching programs.   Southridge plans to analyze information collected during the recent exploration work, before initiating an extensive drill program at Cinco Minas in the second quarter of 2012.
"We are excited to re-open the gold and silver mine on the Cinco Minas property with our Mill Production Plan to initiate operations later in the year," stated Michael Davies, President.   "It is our mandate that Southridge continues to aggressively explore Cinco Minas and advance our current mineral resource.   Previous producers on the property did not have the utility of a modern milling operation, which enables a more efficient mineral extraction and allows the processing of ore grades previously not regarded as economic.   The Company expects to employ these current comparative advantages, over previous operating environments, for the economic benefit of our shareholders."
Additionally, the Company has recently been upgraded to OTC Pink Current Information status on the OTC Markets/Pinksheets website.   Management is now conducting a due diligence process to retain an industry qualified auditor to facilitate the Company in moving forward with it plans to becoming a reporting issuer on the OTC Bulletin Board in the near future.
For further information on the Company's Gold and Silver projects, visit our website,www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels:
About Southridge Minerals, Inc.   (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc.   is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world.   The Company seeks out on early state opportunities with good mineralization indicators that can carry plenty of blue-sky potential.   Southridge progresses these projects that are or will be of interest to mid-size and major producers.   By forming ventures on individual projects, the Company expects to grow and maintain an interest in mines operated by its partners, allowing it to continue to build value through continued exploration.   Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico, the geology conditions of formation of known large gold deposits that up until now have received very little attention.   This way it can focus geographically and on a couple of commodities to give its shareholder return on their investment in the most efficient way possible.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934.   Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors.   Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products.   These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.   Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate.   Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:


Michael Davies
President
Tel.   (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com 
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Southridge Signs Letter of Intent to Acquire Los Compadres Gold and Silver Property

Southridge Signs Letter of Intent to Acquire Los Compadres Gold and Silver Property

DALLAS, TX--(Marketwire - 04/16/11) - Southridge Enterprises Inc. (Pinksheets:SRGE - News) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary has signed a binding letter of intent to acquire 80% of the Los Compadres ("Compadre") Gold and Silver property located in the highly prospective area of Santa Maria del Oro in Nayarit, Mexico. A definitive agreement is expected to be signed by May 15, 2011 following a due diligence period.The Compadre property covers 3,900 hectares. Results from previous sampling vary from 176 to 1,825 grams of silver (Ag) per ton and 2.13 to 20.94 grams of gold (Au) per ton. Mineralization is observed throughout an isolated area that ranges over distance of over 4 km in a horizontal direction that goes from 800m in the El Liso zone up to 1600m in Las Olas area.The property is located in the Municipality of Santa Maria del Oro, southeast in the state of Nayarit. The Los Compadres area is located one kilometer north of the town of Santa Maria del Oro and around 35 km southeast of the city of Tepic. Access is by paved road starting from the city of Guadalajara, Jalisco towards the city of Tepic, Nayarit until the exit to Santa Maria del Oro (approx. 180 km).For further information on the Company's Gold and Silver projects, visit our website,www.southridgeminerals.com.

Investors can access the following Southridge Minerals social media channels:

Facebook (http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466)

Twitter (http://twitter.com/SouthridgeSRGE)
YouTube Cinco Minas Project (http://www.youtube.com/watch?v=C03I_ojnRFM)

About Southridge Minerals, Inc. (Pinksheets:SRGE - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out on early state opportunities with good mineralization indicators that can carry plenty of blue-sky potential. Southridge progresses these projects that are or will be of interest to mid-size and major producers. By forming ventures on individual projects, the Company expects to grow and maintain an interest in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.What sets Southridge apart is its vast experience in Mexico, the geology conditions of formation of known large gold deposits that up until now have received very little attention. This way it can focus geographically and on a couple of commodities to give its shareholder return on their investment in the most efficient way possible.

Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:


Michael Davies
President
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com 
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Southridge Minerals Announces a New Mexican Gold Exploration Initiative


Southridge Minerals Announces a New Mexican Gold Exploration Initiative

DALLAS, TX--(Marketwire - 12/09/10) - Southridge Enterprises Inc. (Pinksheets:SRGE - News) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has established a new exploration initiative in Mexico. For the past two years the Company has undertaken a measured and methodical assessment of a number of new exploration opportunities within Mexico. The country has notable reserves of Gold and Silver."We are able to introduce an exploration component that will be managed by a quality management and technical team. We will take advantage of the vast natural resource potential of Mexico to build shareholder value," states Michael Davies, President & CEO of Southridge Minerals, Inc. "Our focus has been on Gold because of the abundant high quality potential in Mexico and the availability of areas that are still sub-explored. We continue to assess other opportunities for both precious and base metals in Mexico."About Southridge Minerals, Inc. (Pinksheets:SRGE - News)

Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out on early state opportunities with good mineralization indicators that can carry plenty of blue-sky potential. Southridge progresses these projects that are or will be of interest to mid-size and major producers.By forming ventures on individual projects, the Company expects to grow and maintain an interest in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.What sets Southridge apart is its vast experience in Mexico, the geology conditions of formation of known large gold deposits that up until now have received very little attention. This way it can focus geographically and on a couple of commodities to give its shareholder return on their investment in the most efficient way possible.Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
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For further information please contact:
Investor Relations
Tel. (877) 712-2144
Email: ir@southridgeminerals.com
http://www.southridgeminerals.com 
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