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Southridge Announces Bonanza Gold & Silver Intersected in Drilling at the Gran Cabrera Mine in Cinco Minas, Mexico

DALLAS, TX -- (Marketwire) -- 12/07/12 -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce the completion of the drill program at Gran Cabrera property in Cinco Minas, Mexico. 37 holes totaling 3,246m have been completed at Gran Cabrera Mine and bringing the drill density to a higher level which is more suitable for a mineral resources estimation.

Assay results have been received for the first sixteen holes from Gran Cabrera and continue to give outstanding results.

Analytical Highlights of the Phase I diamond drill program:

----------------------------------------------------------------------------
                                              ESTIMATED
HOLE                                          TRUE       GOLD      SILVER
NUMBER      FROM (m)    TO (m)     METERS     WIDTH (m)  (g/t)     (g/t)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GCLP-104    62          89         27         26.3       3.8       363
----------------------------------------------------------------------------
GCLP-121    252         274        22         20.5       2.6       267
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GCLP-133    140         163        23         21.6       5.9       684
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GCWK-22     167         185        18         16.9       8.9       528
----------------------------------------------------------------------------
GCWK-26     236         249        13         11.4       6.2       728
----------------------------------------------------------------------------
GCWK-29     88          107        19         17.6       5.8       1,230
----------------------------------------------------------------------------
GCWK-34     124         146        22         19.8       3.9       915
----------------------------------------------------------------------------

Additional drill results are being compiled and will be released as they become available.

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

Facebook:
http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466
Twitter: http://twitter.com/SouthridgeSRGE

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 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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