Sidon International Resources
TSX VENTURE : SD
FRANKFURT : SY7
PINK SHEETS : SIDNF

Sidon International Resources

January 10, 2011 13:00 ET

Sidon Director to Invest One Million Dollars in Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - SIDON INTERNATIONAL RESOURCES CORP. (TSX VENTURE:SD) (FRANKFURT:SY7) (PINK SHEETS:SIDNF)

Sidon International Resources Corp. ("the Company") reports Souhail "Abby" Abi-Farrage, Director of the Company, has now confirmed his intention to enter into a Private Placement Subscription Agreement (the "Agreement") with the Company. Hereunder, he will use commercially reasonable efforts to subscribe for a placement of common shares of the Company for an aggregate C$1,000,000. Under the Agreement, Mr. Farrage has agreed to subscribe to eight (8) bi-monthly tranches of C$125,000 each, commencing on the date hereof.

Mr. Farrage stated, "I plan this on-going market-priced investment in Sidon International Resources Corp. to ensure the company remains adequately financed while pursuing its exploration program on its gold properties in Tanzania."

The pricing of each bi-monthly tranche will be based on the higher of the discounted weighted average trading price of the Company's common shares for the last five consecutive trading days before the 15th day of the month of that period and the discounted closing market price as of the date of announcement.

An equivalent number of warrants priced at a 10% premium to the market will be issued at the same time. The placement of common shares and warrants will be subject to certain mandated hold periods and resale restrictions, and the certificates representing such shares will be legended accordingly.

Each of these quarterly tranches will be subject to regulatory approval.

Sidon International Resources is a junior exploration company currently focussing on the exploration and development of its hard rock and placer gold properties in Tanzania.

ON BEHALF OF THE BOARD
Kamal Alawas
President and Director

We seek safe harbor

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