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Sunward Reports Further Progress from Drilling at Titiribi

Sunward Resources Ltd. (SWD.TO) announced successful results from its infill and step-out drilling at the Cerro Vetas zone at the 100%-owned Titiribi Project located approximately 70 kilometers southwest of Medellin, Colombia.

Eleven drill rigs operated on the property on a round-the-clock basis between November 2011 and April 2012. Currently, there are 4 rigs operating on the property. Results to date suggest considerable further expansion and enhancement of the known mineralized bodies, which currently host an NI 43-101 compliant Measured and Indicated Mineral Resource of 4.58 million ounces gold (within 275.4 million tonnes grading 0.52 grams per tonne gold and 0.17% copper, using a 0.3 grams per tonne gold cut-off), along with an additional Inferred Mineral Resource of 6.44 million ounces gold (within 359.6 million tonnes grading 0.56 grams per tonne gold using a 0.3 grams per tonne gold cut-off.

The holes reported in this news release were drilled subsequent to the most recent NI 43-101 published resource statement. This drilling represents a portion of the planned 2012 - 40,000 metre drill program. Assays from further holes will be released as they become available.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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