Sidon International Resources Corp. announces $1,500,000 private placement



    VANCOUVER, Dec. 7 /CNW/ - SIDON INTERNATIONAL RE

SOURCES CORP. (SD - TSXV; SY7 - FWB) Mr Abby Farrage reports that the Company wishes to announce a private placement for the sale of up to 11,538,462 units (the "Units") at $0.13 per unit for total proceeds of $1,500,000. The Units offered comprise of 9,615,385 flow-through units and 1,923,077 non flow-through units. Each flow-through unit consists of one flow-through common share of the Company and one non flow-through share purchase warrant. Each non flow-through unit consists of one non flow-through common share of the Company and one non flow-through share purchase warrant. Each non flow-through share purchase warrant shall have a two year term for the purchase of one further common share of the Company at the exercise price of $0.20 per share during the first year and an exercise price of $0.30 per share during the second year. The foregoing exercise term shall be subject to the following acceleration clause: if the shares of the Company trade over $0.30 for a period of 10 consecutive trading days on the TSX Venture Exchange, the share purchase warrants may only be exercised within 30 days and will automatically expire thereafter. The maximum allowable finder's fee will be payable, either in cash or shares or a combination of both. THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN. Sidon International Resources Corporation is a junior exploration company with interests in Nevada - North Dolly Varden Copper Gold Claims and White Pines Gold Claims, North West Territories - Slave Craton Diamond properties and British Columbia - Harrison Lake West Gold Silver Claims.

For further information:

For further information: Kamal Alawas - President, Tel: (425) 501-9384,
Fax: (425) 258-3366; Abby Farrage, Director, Tel: (604) 671-4718; Website:
www.sidoninternationalresources.com; Mailing Address, P.O. Box 1191, Everett,
Washington, 98206

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SIDON INTERNATIONAL RESOURCES CORP.

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