MAS Gold and Southern Empire Receive Interim Order for Plan of Arrangement

MAS Gold Corp. (MAS Gold; TSXV: MAS) and Southern Empire Resources Corp. (Southern Empire; TSX-V: SMP; Frankfurt: 5RE) are pleased to announce the receipt of an interim order from the Supreme Court of British Columbia (the “Interim Order”), in connection with Southern Empire’s previously announced acquisition of all of the issued and outstanding shares of Mas Gold (the “MAS Shares”) pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”). The Interim Order provides for, among other things, a meeting of the MAS Gold shareholders to consider and vote upon the Arrangement.

As a result of the Interim Order, MAS Gold is proceeding to mail out its management information circular and related documents to shareholders immediately. Details of the Arrangement, including a summary of the terms and conditions of the arrangement agreement, will be disclosed in the management information circular of MAS Gold which will be available on SEDAR at www.sedar.com.

Highlights of the Transaction

MAS Gold has two advanced stage gold deposits having NI 43-101 mineral resources located in the La Ronge Gold Belt of Saskatchewan, Canada:

• the North Lake Gold Deposit containing 417,000 ounces gold (oz Au) is comprised of an Inferred Mineral Resource of 14,110,00 tonnes (t) grading 0.92 grams gold per tonne (g Au/t)
• the Greywacke North Gold Deposit containing 95,600 oz Au is comprised of an Indicated Mineral Resource of 255,500 t at 9.92 g Au/t, plus an Inferred Mineral Resource of 59,130 t at 7.42 g Au/t, at a cut-off grade of 5 g Au/t
• Significant potential for resource expansion exists at both Greywacke North and North Lake
• Excellent exploration potential also exists for MAS Gold’s Preview-North Property (which hosts the Point gold deposit), Henry Lake and Elizabeth Lake properties.

The combined entity will have a strong balance sheet, with no debt and a robust cash position, which will be used to target expansion of the current NI 43-101 resources as well as exploration and development on all of Southern Empire’s projects.

Qualified Person (QP)

The scientific and technical information contained in this news release has been prepared, reviewed, verified and approved by David Tupper, P.Geo. (British Columbia), Southern Empire’s VP Exploration and a Qualified Person within the context of Canadian Securities Administrators’ National Instrument 43-101; Standards of Disclosure for Mineral Projects.

About Southern Empire Resources Corp.

Southern Empire is focused on the acquisition, exploration and development of gold deposits in North America.

In the Cargo Muchacho mountains of Imperial County, southeast California, Southern Empire owns the American Girl Mine Property and holds options to acquire a 100% interest in the 2,160 hectares (5,338 acre) Oro Cruz Property located approximately 22.5 kilometres (km; 14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp.

With a history that includes extensive drilling and large-scale open pit and underground mining by the American Girl Mining Joint Venture (53 per cent owned by MK Gold Co., a subsidiary of Morrison Knudsen Corporation, and 47 per cent owned by Hecla Mining Company), which was suspended during the gold market downturn in 1996, the Oro Cruz Gold Project hosts many exploration targets in addition to a high-grade oxide gold zone that, based on the historical mine operation records, is amenable to conventional heap leach extractive methods.

Southern Empire is in the process of acquiring MAS Gold Corp.