Synodon Inc.
TSX VENTURE : SYD

Synodon Inc.

April 13, 2010 09:00 ET

Synodon Closes Private Placement

EDMONTON, ALBERTA--(Marketwire - April 13, 2010) - Synodon Inc. ("the Corporation") (TSX VENTURE:SYD), has closed its previously announced non-brokered private placement with China Select Capital Partners Corp.

A total of 1,111,112 units have been issued at a price of $0.225 per unit (the "Units") for gross proceeds of $250,000.00. Each Unit is comprised of one Class A common share and one half of a Class A common share purchase warrant (the "Warrants"). Each full Warrant entitles the holder to purchase one additional Class A common share of the Corporation at a price of $0.3375 per share up to April 8, 2012. The Warrants have an accelerated exercise provision under which, if the volume weighted average closing price of the Shares, as traded on the TSX Venture Exchange, equals or exceeds $1.05 per Share for a period of 10 trading days, then the warrants must be exercised or will expire 30 calendar days after notice of such event is mailed to the warrant-holders. Both the common shares issued as part of the Units and any common shares issued upon exercise of the Warrants are subject to a hold period, which expires on August 9, 2010 and, such common shares may not be traded until August 9, 2010.

The Corporation has not paid any commissions or finder fees for this transaction.

Proceeds from this offering will be used by the Corporation for general working capital.

Completion of this placement is subject to final approval from the TSX Venture Exchange.

Synodon Inc. (www.synodon.com) is an Edmonton based technology company which has developed and demonstrated an advanced airborne remote gas sensing system called realSens™, based on technologies developed under the Canadian Space Program and by Synodon scientists. The company is providing gas emissions monitoring and quantification services to a variety of industries, including hydrocarbon (oil and gas), environmental, agricultural and for a variety of gases including methane, ethane and ammonia. The initial focus is on the hydrocarbon industry and in particular the natural gas pipeline sector.

Orient Venture Capital II Inc., a Capital Pool Company, will change its name to "China Select Capital Partners Corp." upon completion of the Qualifying Transaction and will be listed as a Tier 2 Investment Issuer on the TSX-V focused on investing in private or public companies whose businesses involve later stage alternative energy or environmental technology or other selected sectors with strong intellectual property, exceptional management, high growth potential and an identified exit strategy either in China or North America.

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Forward-Looking Statements 

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.

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

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