Sidon International Resources Corporation
OTC Bulletin Board : SIDNF

Sidon International Resources Corporation

October 01, 2009 03:01 ET

Sidon International Resources Corp.: Acquires 6591 Contiguous Acres in Stewart Mining Region of British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) - SIDON INTERNATIONAL RESOURCES CORP. (TSX VENTURE:SD)(FRANKFURT:SY7)(OTCBB:SIDNF) Sidon International Resources Corp. wishes to announce that it has entered into an option agreement with an arms length vendor to acquire 6 contiguous claim blocks consisting of 2668 hectares (approximately 6,591acres). These claims are in the vicinity of the recent discovery made by Decade Resources Ltd. and Mountain Boy Minerals on its Red Cliff property. Decade Resources Ltd. and Mountain Boy Minerals recently announced (Sept. 3, 2009) drilling results of 7.3 grams per ton of gold across 28.3 metres and 5.78 grams per ton across 28.4 metres and 7.5 grams per ton gold across 32.5 metres.

Sidon will pay the vendor, $50,000 cash, and issue 4,000,000 shares of Sidon and grant a 3-per-cent net smelter return royalty, with an option to buy back 1 per cent for $1-million. The company also agrees to spend $250,000 by September 1, 2010, and an additional $250,000 by September 1, 2011, as a work commitment. This transaction is subject to TSX Venture Exchange approval.

Schedule of payments would be:

- $25,000 and 2,000,000 shares on exchange approval

- $25,000 and 2,000,000 shares within twelve months of TSX Venture approval.

Kamal Alawas, President of Sidon reports, "The Stewart Region of British Columbia has recently achieved a substantial amount of attention primarily due to the recent success shown by companies such as Decade and Mountain Boy. Management is happy to have the ability to be involved this historically prolific region that host such deposits as the Silbak Premier, Big Missouri, Silver Coin, Sulphurets, Red Mountain and Eskay Creek deposits."

Sidon International Resources is a junior exploration company with interests in Saskatchewan -- Coal properties, Alberta - Lithium and Potash claims, Nevada -- North Dolly Varden copper gold claims, Northwest Territories -- Slave Craton diamond properties and now British Columbia-gold.

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Kamal Alawas, President

We seek safe harbor.

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

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