Sunset Cove Mining Announces Acquisition of Additional Graphite Claims in the Lac Gueret Mining Camp

Toronto, Ontario--(Newsfile Corp. - October 9, 2014) - Sunset Cove Mining (TSXV: SSM) (BVL: SSM) today announces that it has signed a Mineral Option Agreement with a group of Quebec prospectors to purchase, by way of an option agreement, 100% of the Lac Guéret North Graphite Property in northeastern Quebec. This transaction means that Sunset Cove now owns 10,900 hectares in the Lac Guéret mining camp that is home to the Mason Graphite discovery.

The Lac Guéret North Property is located in the developing graphite exploration camp, roughly 300 km north of Baie Comeau and 660 km north of Montreal. The property is road accessible and within the Grenville province.

"The acquisition of the Lac Guéret North Property fits in with our plans to become an important player in this mining camp," said Lorne Woods, Sunset Cove Mining President and CEO. "We firmly believe in the important role graphite will play going forward."

The 5,600 hectare Lac Guéret North property lies to the north-east of Mason Graphite's 11,630 hectare Lac Guéret Graphite Project which has already filed a favourable NI 43-101 compliant report and a Preliminary Economic Assessment (PEA) with a Measured and Indicated Resource of 50 million tonnes at a grade of 15.63% CGR (Carbon as Graphite), a two and a half year payback period and a proposed mine life of 22 years based on only a partial exploration of the property. It should be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability. The company states it intends to transition the project to production by the end of 2015.

The presence of a graphite resource on Mason's lands does not necessarily indicate the presence of graphite on the Lac Guéret North Property; however the Lac Guéret North Graphite Property lies within the same prospective geological environment as Mason Graphite's Lac Guéret Property, in the Paleoproterozoic Gagnon Terrane, which is considered a para-autochthonous unit fertile for graphite in the Grenville Province of Quebec and includes biotite/garnet/sillimanite/graphite paragneisses, ironstone, dolomitic marbles and intrusive rocks. Graphite in the area is present in marbles and in contact with or within paragneisses. Large flake graphite is generally considered as 0.2 mm and above.

The Company is in the early stages of planning a Phase 1 exploration program to be conducted in 2014. The Lac Guéret North Graphite Property is easily accessible and is approximately three hours from Baie-Comeau by road. Sunset will make property maps and details available on our website. The exploration program will be under the supervision of APEX Geoscience who is Sunset's independent technical team. A full description of the exploration program will be released shortly

"Graphite is becoming very promising with its consumption forecast to grow for many years," said Sunset COO Marc Blais, "we had to say yes to this business opportunity considering the potential to discover the extension of Mason's ore-body and the creation of value to our shareholders, I see it as an additional strategic acquisition for Sunset."

This option agreement is subject to Board and TSX-V approval. The terms of the option require a payment of $ 90,000 that is payable in shares and in three installments over the next twelve months.

The details of the $90,000 purchase are a first payment of $30,000 that will be paid by issuing 600,000 shares at $0.05 on TSX approval of the transaction; $30,000 will be paid in shares, at the market price, six months after the approval of the TSX and $30,000 will be paid in shares, at the market price, twelve months after the approval of the TSX

If the company keeps the property, it will have to pay an additional $60,000 in two installments $30,000 that will be paid in shares, at the market price, eighteen months after the approval of the TSX and $30,000 that will be paid in shares, at the market price, twenty-four months after the first approval by the TSX

Also the company is announcing that is has decided to end its listing on the Bolsa de Valores in Peru. This decision was taken to help the company conserve working capital.

About Sunset Cove - Sunset Cove Mining Inc. is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of strategic metals properties in Canada and Latin American locations to the point where they become attractive joint venture or acquisition targets. Sunset currently has two properties in its portfolio, the Lac Guéret West graphite property in Quebec and the Carolay Silver property in Peru.

Quality Assurance – Quality Control

Sunset Cove's exploration program is under the supervision of Mr. Michael Dufresne, M.Sc., P.Geo. of APEX Geoscience Ltd. an independent consultant and Qualified Person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Mr. Bratzon Salvador, Operations manager, supervises exploration at Sunset Cove's Peruvian projects. All technical information for the company's projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program.

Forward-Looking Statements

Some of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For further information, please contact:

Lorne Woods, President, Sunset Cove Mining
(877) 234-0692; ext. 250
lwoods@sunsetcovemining.com
www.sunsetcovemining.com