Sonora Gold Corp.

Sonora Gold Corp.

September 22, 2005 11:38 ET

RETRANSMISSION: Sonora Finalizes Joint Venture for its San Enrique Copper-Moly Project


This is a retransmission of a press release that was disseminated at 12:01am EDT on 22 September 2005.

Sonora Gold Corp. (the "Company") announces that it has meet all conditions to finalize the previously announced conditional agreement with Teck Cominco Limited's (TEK.SV.B) ("Teck") wholly owned Mexican subsidiary, Minera Teck Cominco S.A. de C.V. ("TCM") on Sonora's 100% owned San Enrique Copper-Moly project in Sonora State, Mexico.

As previously reported on July 18, 2005, the agreement grants TCM an option to earn a 60% interest in the San Enrique property by sole funding an aggregate of US$3,000,000 in expenditures over the next 48 months starting July 1, 2005. TCM will be responsible for all property upkeep costs, including taxes and surface access costs. The agreement also provides TCM the option, upon earning a 60% interest, to earn an additional 10% interest by sole funding a further US$2,500,000 by July 1, 2011, thereby earning an aggregate 70% interest in the property with the Company retaining a 30% interest. Upon TCM ceasing to sole fund expenditures, a Joint Venture will be formed with TCM being the initial Operator on behalf of the Joint Venture and undertaking programs and expenditures as approved by a Joint Venture Management Committee.

Private Placement

The Company also wishes to announce that, further to its news release dated July 18, 2005 it has completed the private placement with Teck in the amount of 3,000,000 units (the "Units") of the Company at a price of Cdn$0.14 per Unit, for a total cost of Cdn$420,000. Each Unit consists of one common share and one common share purchase warrant exercisable at Cdn$0.20 for two years. The common shares and underlying shares are subject to hold periods expiring January 21, 2006.

The private placement has been accepted by TSX Venture Exchange.

On Behalf of the Board

Dave McMillan, President & C.E.O.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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

Contact Information