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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.