Sundance Resources Limited (ASX:SDL) Response To Australian Financial Review Article Of 30 May 2011

Sydney, May 30, 2011 AEST (ABN Newswire) - The Australian Financial Review newspaper today reports that Sundance Resources Limited's (ASX:SDL) (PINK:SUDCF) majority shareholder Hanlong Mining is "...exploring a number of potential deals with Sundance, including a full takeover, and that it is keeping all options open as it moves through due diligence."

As previously advised to the market on 21 March 2011 Hanlong indicated that their investment in Sundance is consistent with their strategy to be "a significant investor in quality projects in the iron ore industry" and that Hanlong are a "supportive shareholder assisting the company to fast-track its infrastructure and mine development plans". Sundance continues to consider Hanlong's decision to become a major shareholder a further indication of Chinese interest and recognition in the validity of Sundance's strategy to develop the Mbalam Iron Ore Project.

Consistent with previous announcements Sundance is not currently in discussions regarding a full takeover and continues its ongoing discussions with several prospective Strategic Partners.

Contact

Giulio Casello Managing Director and CEO Sundance Resources Limited Tel: +61-8 9220 2300 Email: info@sundanceresources.com.au