Securing a Strategic Partner Well Underway for Sundance Resources Limited (ASX:SDL) Mbalam Iron Ore Project

Perth, June 29, 2011 AEST (ABN Newswire) - Sundance Resources Limited (ASX:SDL) (PINK:SUDCF) is pleased to provide an update on the status of its activities to secure a strategic partner for its Mbalam Iron Ore Project in central West Africa.

Potential partners and a number of Chinese banking institutions recently visited Sundance's operations in the Republic of Cameroon and the Republic of Congo to finalise due diligence.

Visits to the proposed mine sites, rail corridor and port site were undertaken.

Follow up discussions between Sundance's technical teams and a number of the prospective strategic partners have also been held in China and in Africa over the past few months. This has involved formal discussions on both commercial and technical items pertaining to the Definitive Feasibility Study, which was released in April 2011.

A number of the parties have also held detailed discussions with Government Ministers in Cameroon and Congo about their interest in the Mbalam Iron Ore Project. Talks with the Republic of Cameroon and Republic of Congo Governments regarding the Mining Conventions are also being finalised. The Governments involved have shown strong support and are eager for the completion of talks so that construction may commence as soon as possible.

Sundance has shortlisted the preferred potential partners and has entered into commercial negotiations.

Sundance is very pleased with the progress that has been achieved in recent months and looks forward to successfully concluding arrangements for the introduction of a strategic partner to the Project. The Company will advise the Market as soon as something sufficiently binding or capable of announcement is available.

Sundance continues to work towards the target of having Conventions in place and Final Investment Decision taken in time to start early works on the construction of the rail and port infrastructure before the end of 2011.

Contact

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