Sun Resources NL

Australian Market Report of February 25, 2011 includes: Base Resources Limited (ASX:BSE) announced an updated JORC-compliant Resource estimate for the Kwale Mineral Sands Project in Kenya; Liquefied Natural Gas Limited (ASX:LNG) has received environmental approval to build a 21 km gas pipeline; Sun Resources NL (ASX:SUR) is on-track to complete farm-in on a conventional gas well in north-west Europe; Venturex Resources Limited (ASX:VXR) has completed the acquisition of Panorama Cu-Zn Deposit located in Western Australia.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) is delivering on its strategy of building significant cash flow in the USA Onshore Gulf Coast and applying this revenue to capture and participate in larger scale, high impact exploration projects, particularly in SE Asia.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by Mueller Exploration Inc ("MEI"), the operator of the AHGU #1 well at the Meek Prospect, onshore Southern Texas, that drilling operations have concluded at Meek after running and cementing production casing from surface to 3,768m. The drilling rig was released on Friday 13 March.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator, Mueller Exploration Inc ("MEI"), that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of Southern Texas, has run wireline logs from 3,027m to 3,768m.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator, Mueller Exploration Inc ("MEI"), that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of Southern Texas, was at a total depth of 3,786m on 5th March 2009.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator, Mueller Exploration Inc ("MEI"), that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of Southern Texas, was at 3161m on 1st March 2009.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator, Mueller Exploration Inc ("MEI"), that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of Southern Texas, was at 3031m on 22 February 2009. The current activity is conditioning the hole prior to running intermediate casing.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) has been advised by the operator, Mueller Exploration Inc ("MEI"), that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of Southern Texas, was at 2326m on 15 February 2009. The current activity is drilling ahead below 2326m.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) is pleased to report that it has been advised by the operator, Mueller Exploration Inc that the Ammann Heirs Gas Unit #1 well (AHGU #1) on the Meek Prospect, in Wharton County of southern Texas, was spudded on 6th February 2009.

Sun Resources NL (ASX:SUR)(PINK:SNRDF) Quarterly Activities Report to Dec 31, 2008