DALLAS , Nov. 1, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, announces today it recently filed its financial results with the OTC Markets for the third quarter of fiscal 2012. The Company reported net income of $311,611 on revenues of $942,314 for the period ending May 31 , 2012. The results for the quarter represented the achievement of a significant milestone for the Company in its initiation of mineral production at the Cinco Minas facility in Jalisco , Mexico.

Southridge Minerals currently holds a portfolio of mineral properties located in several world-class mining regions of Mexico . The properties include the past producing and flagship property Cinco Minas, along with the Gran Cabrera, Los Compadres, La Esperanza and La Canita.

With metal prices forecasted to remain buoyant, properties that offer significant potential for Gold and Silver occurrence, a diverse management team, and a strong cash position, Southridge Minerals is well positioned to develop its opportunities and build shareholder value.

For further information on the Company's Gold and Silver projects, visit our website: http://www.southridgeminerals.com .

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