Southridge Announces a Joint Partnership with Kinross (NYSE: KGC), a Major NYSE Listing Mining Company for its Cinco Minas and

  Southridge Announces a Joint Partnership with Kinross (NYSE: KGC), a Major
NYSE Listing Mining Company for its Cinco Minas and Gran Cabrera Properties is
                        Valued at $550 to $600 Million

PR Newswire

DALLAS, Dec. 26, 2012

DALLAS, Dec. 26, 2012 /PRNewswire/ --Southridge Enterprises Inc. (PINKSHEETS:
SRGE) ("Southridge" or the "Company") is excited to announce a new Joint
Partner, Kinross (NYSE: KGC), a Major listed Mining Company for its Cinco
Minas and Gran Cabrera properties. Southridge's joint partnership with
Kinross, a major NYSE listed gold mining company, is valued at roughly
$550,000,000 to $600,000,000. Due to numerous shareholder inquiries Southridge
and its Board of Directors felt the need to update the market on its recent
announcement named, "Southridge Announces Signed Agreement with Major NYSE
Listed Mining Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in

Southridge and its advisers are currently working hand in hand with Kinross to
finalize the remaining documents and agreements in order to execute this new
joint partnership for its Cinco Minas and Gran Cabrera properties with
Kinross. Due to the size and complexity of this transaction we expect to
execute this joint partnership with Kinross by Mid-January.

Mr. Martin Moscosa,Exploration Manager at Kinross Gold Corporation stated,
"We have made great and good progress regarding Cinco Minas property.
Southridge controls the best area at the Gran Cabrera and there will no
problem regarding the influence  area, also, because in case everything will
be growing, possible adjacent claims could be incorporated or added to the

Mr. Alfonso Sanchez Navarro, Board of Director of Southridge commented,
"Southridge is implementing a plan to profoundly position itself for both
rapid growth and expansion in an emerging gold and silver market. By forming a
Joint Partnership with Kinross, a global mining leader and major NYSE listed
company; this allows us to aggressively mine the Cinco Minas and Gran Cabrera

A company spokesperson stated, "Southridge feels it's more beneficial for its
shareholders and the Company to sign a Joint Partnership with Kinross, a major
NYSE mining company, instead of selling its Cinco Minas and Gran Cabrera
properties. By joint partnering with a NYSE major producer it will allow
Southridge to aggressively explore and mine the Cinco Minas and Gran Cabrera
properties at a much faster degree therefore leveraging the price of Gold at
today's market value.

Michael Davies, President & CEO of Southridge stated, "Our goal from beginning
as well as our efforts over the past several years has been to secure a
world-class mining partner that is capable of moving these projects forward,
and today is a major step that direction. Southridge expects to rapidly grow
and preserve an interest in its gold and silver mines operated by its partners
allowing it to continue to build value through continued exploration. We
believe that the exploration of alternatives for the Cinco Minas property will
help the company achieve its strategic goals with superfluous profitable
growth and enriched shareholder value. Furthermore we are confident that this
new joint partnership with Kinross will be successful in executing our goal of
building a world-class gold and silver mining facility at Cinco Minas."

For further information on the Company's Gold and Silver projects, visit our

Southridge Investors can access the following Southridge Minerals social media

YouTube Cinco Minas Mexico Project:



About Southridge Minerals, Inc. (SRGE)

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

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.

Southridge Enterprises Inc.
Investor Relations
Tel. (214) 699-6255

SOURCE Southridge Enterprises Inc.

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