Superior Canadian Resources Inc.
TSX VENTURE : CAD

Superior Canadian Resources Inc.

September 26, 2007 17:12 ET

Superior Canadian Revises Short Form Offering Document

CALGARY, ALBERTA--(Marketwire - Sept. 26, 2007) - Superior Canadian Resources Inc. (TSX VENTURE:CAD) Through its agent, Superior Canadian Resources Inc. will offer a minimum of 3 million units and up to a maximum of 20 million units priced at $0.10 per unit and will consist of one common share of the Corporation and one-half common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Corporation ("Warrant Share") at a price of $0.20 per share for a period of 24 months following closing of the Offering in British Columbia, Alberta, Saskatchewan, Manitoba, and Nova Scotia.

Union Securities Ltd. (the" Agent") has agreed, subject to satisfactory due diligence, to act as agent for the SFOD on a best efforts basis and will receive a cash commission equal to 10% of the gross proceeds received by the Corporation. The Agent will also be paid an agency fee of $25,000 and will receive an option to purchase that number of Units equal to 10% of the Units sold exercisable at a price of $0.10 per unit for a period of 24 months following the closing of the Offering.

The Corporation will use the proceeds to fund current and ongoing mineral exploration programs on the O'Sullivan Lake Gold Project and the Sim Lake Project in north-western Ontario, as well as acquisition of a past producing gold property, its oil and gas exploration commitments and for general working capital.

Superior currently owns the option on 27 staked claims, which adjoin the past producing gold mine, in the O'Sullivan Lake area which is situated approximately 300 km north east of Thunder Bay Ontario and is accessible via a local road network. Basic grass roots prospecting, sampling and mapping have been performed over the past three years and the project currently has a number of diamond drill targets identified.

About Superior Canadian Resources Inc.

Based in Calgary Alberta, The Company has two mineral exploration projects (nickel, platinum, palladium, copper & gold) in Northwestern Ontario

Should you wish to receive Company news via email, please email js@superiorcanadian.com or visit Superior Canadian's website at www.superiorcanadian.com.

Shares Outstanding: 25,070,118

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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