Mr. Lorne Woods reports

SUNSET COVE MINING CLOSES $148,500 FINANCING

Sunset Cove Mining Inc. has closed a private placement in the amount of $148,500. A total of 2.97 million common shares was issued at a price of five cents per common share, and each share was accompanied by one common share purchase warrant; each whole warrant provides the holder the right to purchase one additional share for 10 cents per share. The warrants expire 18 months from closing. There are no acceleration rights on the warrants.

The president Lorne Woods and chief operating officer Marc Blais as well as key suppliers were among the participants.

The 2.97 million units issued under the private placement are subject to a four-month hold period, which will expire on Feb. 26, 2014.

The TSX Venture Exchange has conditionally approved the private placement. The proceeds have been used for general working capital for the corporation's operations in Canada, including the payment of certain service providers. Sunset Cove is awaiting final TSX-V approval for the private placement subject to this press release and other conditions.

Also the company is working hand in hand with its management, directors and suppliers to clean up its balance sheet.

We seek Safe Harbor.