SFO Merrill Lynch

JACKSONVILLE, Fla., March 7 /PRNewswire-FirstCall/ -- Sunset Financial Resources, Inc. (NYSE:SFO) today announced its plans to release fourth quarter and year-end financial results for the period ended December 31, 2005 following the close of market trading on Tuesday, March 14, 2006. An accompanying conference call will be held Wednesday, March 15th at 9:00 a.m. ET. A live webcast of the conference call will be available online at http://www.sunsetfinancial.net/. Web participants are encouraged to go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. Those without web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in number is (800) 798-2796 and the participant code is 62697759. Following the conclusion of the presentation, an archive of the webcast will remain available online through April 15, 2006 at http://www.sunsetfinancial.net/. In addition, a dial-in replay of the call will be available from March 15 - March 22, 2006. The replay dial-in number is (888) 286-8010. The passcode is 76643146. The information in this press release is subject to change. About Sunset Financial Resources Sunset Financial Resources, Inc. is a self-managed real estate investment trust (REIT) that went public in March 2004. Sunset Financial Resources seeks to deliver attractive dividend income and steady growth to its shareholders through the acquisition and management of a portfolio of high quality residential mortgage loans and well secured commercial mortgage bridge loans in the United States. DATASOURCE: Sunset Financial Resources, Inc. CONTACT: Company Contact - Stacy Riffe, Chief Financial Officer, +1-904- 425-4365, ; Investors - Jeffrey Goldberger, +1-212-896-1249, , or Michael Cimini, +1-212-896-1233, , both of KCSA Worldwide Web site: http://www.sunsetfinancial.net/

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