Sierra Leone: Sunergy Clarifies Recent Press Release Issued By Sierra Leone National Minerals Agency

Dec 1, 2014 | Smallcap Network
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NEW YORK, NY, United States, via ETELIGIS INC., 12/01/2014 - - Sunergy, Inc. ("Sunergy" or "the Company") (OTC Pink: SNEY) (PINKSHEETS: SNEY), was made aware of a National Minerals Agency ("NMA") press release published on November 27, 2014 in response to an anonymous inquiry about Sunergy's mining activities in Sierra Leone. In this press release they stated that Sunergy, Inc. does not maintain any mining licenses in Sierra Leone. In our recent update from November13, 2014 we indicated we had a new license area with substantial gold deposits that we were starting operations on, yet NMA could not find corroborating evidence.

To be clear, Sunergy, Inc., a Nevada corporation listed and trading on the OTC Markets, Pink Sheets, has never itself operated in Sierra Leone or anywhere else in Africa. We always conduct our operations through wholly owned local corporations properly registered in their respective countries. So it is correct that they would not find Sunergy, Inc. registered in Sierra Leone. The fact is, Sunergy Inc. began operations in Sierra Leone in October 2010 by acquisition of 100% of Allied Mining and Supply Limited, a duly registered Sierra Leone corporation, which owned the Pampana Mining concession. This was an Exploration License which did not allow for any minerals to be sold without acquiring further mining licenses which became quite expensive.