SRGE News .008 Southridge Declares Cash Dividen

DALLAS , Nov. 5, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash dividend of $0.00003 per common share, payable on November 22, 2012 to shareholders of record at the close of business November 15, 2012 . The dividend represents a payout of just over 5% of the recently reported quarterly net income.

"While it is unusual for a Company like Southridge to declare a cash dividend at this stage of development, we felt that it was the right thing to do for our shareholders given the Company's current cash position and outlook," said Michael Davies , the President & CEO of SRGE. "The Company is currently in production at our Cinco Minas mine and is conducting an aggressive exploration program at our Gran Cabrera gold & silver property. We thought it was important to reward our shareholders with a cash dividend, as they have been very patient while Southridge has evolved into a precious metals producer. Southridge is in an excellent position now generating positive cash flows. Consequently, the Company is moving forward weighing its business direction options and is exploring and discussing partnership opportunities."

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

Southridge Investors can access the following Southridge Minerals social media channels: