Sunrise Resources : FINAL RESULTS

SUNRISE RESOURCES PLC AIM Announcement 14 December 2016

SUNRISE RESOURCES PLC

("the Company")

Audited Results for the year to 30 September 2016

The Board of Sunrise Resources plc, the AIM-quoted diversified mineral exploration and development company, is pleased to announce audited results for the year ended 30 September 2016.

OPERATIONAL HIGHLIGHTS FOR 2016:
	Operations have focused on the Company's projects in Nevada, USA.
	Phase 2 drilling at Bay State Silver Project, demonstrated continuity of Chihuahua Vein system at 300m below surface. Further drilling scheduled for spring 2017.
	Trenching of discovery outcrop at Garfield Copper-Gold Project: 22m grading 0.33% copper inc. 2 metres grading 2.18% copper and 0.48 g/t gold from 16m-18m and 2 metres grading 1.2 g/t gold and 0.07% copper from 8m-10m.
	Incorporation of new subsidiary Westgold Inc. as a wholly owned project generator for gold and silver projects in the western USA. Three new projects have been staked to date.
	Lease agreement with EP Minerals, LLC (a world leading producer of diatomite) continuing at County Line Diatomite Project. EP Minerals, LLC permitted programme of drilling and trenching, work in progress. Potential for revenue based royalty stream starting in June 2017.
	Expansion of Pozz Project with staking of CS pumiceous rhyolite deposit in Nevada. Testwork in progress as demand for natural pozzolan grows as a "green" cement replacement.

Commenting on today's results, Patrick Cheetham, Executive Chairman, said: "I am pleased to report on the progress being made under our strategic plan to seek cash flow from industrial minerals projects whilst continuing our more speculative exploration for precious metal deposits. In 2016 we we have continued the development of our business in anticipation of a continuing recovery in the commodities sector and I look forward to reporting further progress in 2017 and to meeting shareholders at our upcoming AGM."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Further information

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel: [phone]
Northland Capital Partners Limited Edward Hutton/David Hignell (Nominated Adviser) John Howes/Rob Rees (Broking)	Tel: [phone]
Beaufort Securities Limited Joint Broker Jon Belliss	Tel: [phone]

A Diversified Mineral Exploration AIM: SRES | Find out more at

and Development Specialistwww.sunriseresourcesplc.com

About Sunrise Resources plc

Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company. The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company is exploring a number of precious metal, base metal and industrial mineral projects in Nevada, USA. The Company holds a royalty interest from EP Minerals in a diatomite project in Nevada and holds a white barite project in South-West Ireland. The Company also holds diamond and gold exploration interests in Western Australia.

Shares in the Company trade on AIM. EPIC: "SRES"

Chairman's Statement

I am pleased to present the Company's Annual Report and Financial Statements for the year ended 30 September 2016 and to report on the progress being made under our strategic plan; to seek cash flow from industrial minerals projects whilst continuing our more speculative exploration for precious metal deposits.

This past year has undoubtedly seen the beginning of a recovery in the commodity sector and in 2016 we have continued the development of our business in anticipation of this continuing recovery. Our priority has been to advance our Nevada projects, in particular the Bay State Silver Project, where we have achieved significant progress this year on a limited budget. We have initiated our drill testing of the Chihuahua and Lincoln vein systems where surface and underground sampling on the Chihuahua Vein has demonstrated high silver grades over a strike length of around 500m and has confirmed the occurrence of the bonanza grades that supported historical production of direct smelter feed grades in the past.

Of the five holes now drilled on the Chihuahua Vein, three have hit high-grade silver mineralisation and one has demonstrated continuity of the vein system at a depth of 300m below surface. Follow-up drilling is provisionally scheduled for next spring and our key objective remains to demonstrate continuity of mineralisation along strike and to justify a substantial resource definiti on drilling programme.

A major initiative this year has been the incorporation of a new Nevada subsidiary, Westgold Inc., focused exclusively on low-cost acquisition of precious metal projects in the western USA with the objective to sell, lease or joint venture these projects. This will increase our exposure to the resurgent gold and silver sectors in Nevada, one of the major precious metal producing areas of the world. Three projects have been staked so far. The Clayton and Stonewall Projects are epithermal silver-gold targets in the Walker Lane Mineral Belt and significant past drill results have been reported from Clayton. The Newark Project is a Carlin-style gold project in the famous Battle Mountain Gold Trend.

Our industrial minerals project portfolio is headed by the County Line Diatomite Project and we are pleased to see an active work programme being advanced by lessor EP Minerals, LLC at their cost. Should EP Minerals continue the lease, we have the potential to start earning from this project next year by way of advance royalty payments.

Climate change agreements and legislation are driving the substitution of ordinary (Portland) cement with alternative "green" cementitious materials (pozzolans) and there is increasing interest in natural pozzolans which have been used in concrete for millennia. Our Pozz Project is an initiative to search for and acquire, at low-cost, mineral deposits having potential for the production of natural pozzolan. As announced on 14 November 2016, the newly staked CS Deposit now sits within this "umbrella" project, together with the Company's original Pozz Ash Deposit where testwork is in progress. We have also staked claims over a deposit of high purity limestone in Nevada and look forward to evaluating these opportunities further in 2017.

Our activities have been funded through two share issues during the year raising a total of £420,000 before expenses and I am pleased to have supported this fundraising together with our newly appointed Non-Executive Director, Roger Murphy. Tertiary Minerals plc, our largest shareholder, continues to provide management services at cost and to take shares in lieu of payment from time to time. This allows us to reduce the cash impact of administration costs and the directors are also paid their modest fees in shares. I would like to take this opportunity to thank the Non-Executive Directors and our Company Secretary for their contributions.

We believe that company websites are taking over from the Annual Report as a company's main investor relations tool and so we will save costs this year by publishing our Annual Report in plain back and white text.

Our Annual General Meeting for the year ended 30 September 2016 will be held in London on Tuesday 31 January 2017 and I encourage shareholders to attend.

Patrick Cheetham

Executive Chairman 14 December 2016

STRATEGIC PLAN ON TRACK KEY POINTS from ourSTRATEGY & BUSINESS PLAN are summarised here and reviewed against our progress in the calendar year 2016 and our targets for 2017:

PROGRESS IN 2016	TARGETS FOR 2017
To acquire, explore and develop mineral projects in stable, democratic and mining friendly jurisdictions.	Project activities restricted to Nevada, USA and Australia. New subsidiary, Westgold Inc., incorporated in Nevada, on project generator model. Three new projects in 2016: Newark Gold Project Clayton Silver-Gold Project Stonewall Gold Project SR Minerals Inc. - New projects: Ridge Limestone Project CS Pumiceous Rhyolite Project	Continue the focus on Nevada, USA. Additional industrial minerals projects under consideration.
Target advanced projects which have the potential to generate a sustaining cash flow.	Lease agreement continues with leading diatomite producer EP Minerals, LLC - future cash flow potential at no future cost or risk to Sunrise.	Continue evaluation of industrial mineral deposits and seek industrial partners.
Target near-drill stage projects where there is potential for significant mineral discovery.	Phase 2 first drill testing of the Bay State Silver Project.	Follow up drilling of Bay State Silver Project towards Mineral Resource definition.
Acquire 100% of a project through research and by staking or licencing of "open ground" from the relevant authority. This allows the Company to acquire 100% ownership of valuable assets.	New projects acquired 100% by prospecting and staking open ground e.g. Newark Gold Project Clayton Silver-Gold Project Stonewall Gold Project Ridge Limestone Project CS Pumiceous Rhyolite Project	Consider further strategic acquisitions in Nevada, USA and Australia.
To run the Company with low overheads and be a low cost explorer.	Corporate overheads shared with Tertiary Minerals plc. Directors' fees continue to be taken in shares. Tertiary Minerals plc has taken part payment of shares in lieu of cash for management charges.	Continue cost sharing and strive for exploration cost efficiencies. Seek partners for certain projects to reduce exploration costs.