SFO Merrill Lynch

JACKSONVILLE, Fla., Nov. 14 /PRNewswire-FirstCall/, 2005 - Sunset Financial Resources, Inc. (NYSE:SFO) today announced it plans to release third quarter financial results for the period ended September 30, 2005 and declare its quarterly dividend following the close of market trading on Monday, November 14, 2005. An accompanying conference call will be held Wednesday, November 16th 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 (866) 543-6403 and the reservation number is 85653601. Following the conclusion of the presentation, an archive of the webcast will remain available online through December 16, 2005 at http://www.sunsetfinancial.net/. In addition, a dial-in replay of the call will be available from November 16 - November 23, 2005. The replay dial-in number is (888) 286-8010. Please use reservation code 99007843. 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: Stacy Riffe, Chief Financial Officer, +1-904-425-4365, ; Investors: KCSA Worldwide, Jeffrey Goldberger, +1-212-896-1249, , or Michael Cimini, +1-212-896-1233, Web site: http://www.sunsetfinancial.net/

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