Sunward Resources Ltd V.SWD

11m oz Au...disclosed

[EDDY05]

Readers are advised that only information released by the Company in official press releases or other filings from the Company should be deemed to be disclosures on the Company's behalf, and that any information about the Company provided by parties unrelated to the Company in newspapers, magazines, websites, pamphlets, e-mails, televised or recorded interviews or verbal conversations does not represent disclosure on the Company's behalf and should be regarded as such.
The Company will be bringing online a new website at www.sunwardresources.com in full compliance with NI 43-101. Having remedied and clarified the foregoing matters, the Company understands that upon dissemination of this news release it will be removed from the British Columbia Securities Commission's list of defaulting reporting issuers.
These resources have since been updated by way of news release dated September 8, 2011referenced below. The Company has temporarily taken down its website to prepare disclosure of the new estimates.







By way of news release on September 8, 2011, Sunward published an updated resource calculation, which confirmed an Indicated resource containing 2.2 million ounces of gold (142.94 million tonnes at an average grade of 0.480 grams of gold per tonne) and an additional Inferred resource containing 6.08 million ounces of gold (372.7 million tonnes at an average grade of 0.507 grams per tonne of gold). The updated resource also included an Indicated contained copper resource of 465.9 million pounds (142.94 million tonnes at an average grade of 0.1479% copper) and an additional Inferred resource containing a further 645.7 million pounds of copper (372.7 million tonnes at an average grade of 0.078% copper). At a price of $1,114 per ounce of gold and $3.07 per pound of copper (representing three-year average prices), the Indicated resource consists of 3.5 million ounces of gold equivalent (142.94 million tonnes at an average grade of 0.480 grams of gold per tonne and 0.1479% copper) with an additional Inferred resource of 7.9 million ounces of gold equivalent (372.7 million tonnes at an average grade of 0.507 grams per tonne of gold and 0.078% copper).
These are the only current resource calculations that have been approved by or on behalf of the Company. For further information refer to the Company's September 8, 2011 news release and the technical report dated September 8, 2011 prepared by Behre Dolbear & Company (USA) entitled "Summary of the Technical Report on the Titiribi Project Department of Antioquia, Colombia" which will be filed on SEDAR