Correction to Previously Published Release on September 4, 2012

VANCOUVER, Sept. 5, 2012 /CNW/ - The table published in Sunward Resources Ltd.'s ("Sunward" or the "Company") (TSX: SWD) (OTCQX:  SNWRF) press release dated September 4, 2012 contained errors in the gold equivalent (Au Eq g/t) and grade thickness columns. The table with corrected figures is included below.

Tables showing the Mineral Resources at Titiribi also are included below.

ABOUT SUNWARD:

Sunward Resources is a well-capitalized, Canadian-based company focused on the exploration and development of gold/copper porphyry projects in Colombia. The 100%-owned Titiribi Project is located approximately 70 kilometres southwest of the city of Medellin, Colombia, in Antioquia department, within the historical Titiribi mining district (estimated total production to date of 1.5 to 2 million ounces gold equivalent). Access is by paved highway from Medellin.

Titiribi currently hosts an NI 43-101 compliant Measured & Indicated Mineral Resource of 4.6 million ounces gold (within 275.4 million tonnes grading 0.52 grams per tonne gold and 0.17 per cent copper, using a 0.3 grams per tonne gold cut-off), along with an additional Inferred Mineral Resource of 6.4 million ounces gold (within 359.6million tonnes grading 0.56 grams per tonne gold using a 0.3 grams per tonne gold cut-off; see Report dated June 2012 available at www.sunwardresources.com and on SEDAR).

Titiribi thus contains 6.28 million ounces of gold equivalent in the Measured & Indicated Resource categories and a further 7.51 million ounces of gold equivalent in the Inferred Resource category, calculated on the basis of gold price of $1,114 per ounce and copper price of $3.07 per pound (See Report dated September 2011 available at www.sunwardresources.com and on SEDAR.)

Intercepts for recent drilling at Cerro Vetas

Hole No.	Azimuth	Incl.	From (m)	To (m)	Int (m)	Au g/t	Cu %		Au Eq g/t	Zone	Grade thickness g/t Au Eq/m
CV094	322	-50	270.70	348.80	78.10	0.238	0.151		0.528	Cerro Vetas	41.20
			394.80	414.55	19.75	0.303	0.121		0.535	Cerro Vetas	10.57
			431.50	507.00	75.50	0.441	0.157		0.742	Cerro Vetas	56.03
			626.17	637.50	11.33	0.398	0.129		0.645	Cerro Vetas	7.31
CV096	045	-87	630.00	659.30	29.30	0.306	0.078		0.456	Cerro Vetas	13.35
CV097	142	-60	0.00	264.82	264.82	0.479	0.268		0.993	Cerro Vetas	262.95
			351.92	504.00	152.08	0.593	0.312		1.191	Cerro Vetas	181.18
			351.92	596.00	244.08	0.433	0.250		0.912	Cerro Vetas	222.71
CV098	140	-70	0.00	740.50	740.50	0.346	0.120		0.576	Cerro Vetas	426.62
			126.93	166.00	39.07	0.429	0.124		0.667	Cerro Vetas	26.05
			176.00	267.00	91.00	0.568	0.140		0.836	Cerro Vetas	76.12
			480.00	647.50	167.50	0.553	0.167		0.873	Cerro Vetas	146.27
			695.50	740.50	45.00	0.334	0.136		0.595	Cerro Vetas	26.77
Note:   Gold Equivalents calculated using a price of Au at US$1,114 per Toz and Cu at US$3.07 per lb
Note:   Cut-offs stated at 0.3 g/t gold

Titiribi Measured and Indicated Mineral Resource

(0.3 g/t Au Cutoff as of May 9, 2012)

Model	Class	Tonnes (M)	Au (g/t)	Cu (%)	Contained Metal				Au Equivalence^1 (M oz)
					Au (kg)	Au (M oz)	Cu (tonnes)	Cu (M lbs)
Cerro Vetas	Measured Indicated	7.5 159.7	0.46 0.50	0.16 0.17	3,460 79,987	0.11 2.57	12,241 266,890	27.0 588.4	0.19 4.19
Chisperos	Indicated	63.9	0.52	-	33,287	1.07	-	-	1.07
NW Breccia	Indicated	44.3	0.58	-	25,824	0.83	-	-	0.83
Measured + Indicated		275.4	0.52	-	142,557	4.58	279,131	615.4	6.28

¹Gold Equivalence calculated using US$1,114 per ounce gold, US$3.07 per pound copper, and 100% recovery
of both metals

Titiribi Inferred Mineral Resource

(0.3 g/t Au Cutoff as of May 9, 2012)

Model	Class	Tonnes (M)	Au (g/t)	Cu (%)	Contained Metal				Au Equivalence^1 (M oz)
					Au (kg)	Au (M oz)	Cu (tonnes)	Cu (M lbs)
Cerro Vetas	Inferred	205.2	0.51	0.09	104,669	3.37	176,205	388.5	4.44
Chisperos	Inferred	102.6	0.54	-	54,987	1.77	-	-	1.77
NW Breccia	Inferred	51.7	0.78	-	40,579	1.31	-	-	1.30
Total Inferred		359.6	0.56	-	200,235	6.44	176,205	388.5	7.51

¹Gold Equivalence calculated using US$1,114 per ounce gold, US$3.07 per pound copper, and 100%
recovery of both metals

 

 

SOURCE: Sunward Resources Ltd.

Contact Information

Investors & Media:      
Kimberly Lim, Manager of Investor Relations
[phone]
[email protected] 

Corporate:
Colin Andrew, CEO
[phone]
[email protected]