Sidon International Resources Corporation
OTC Bulletin Board : SIDNF

Sidon International Resources Corporation

September 09, 2009 03:01 ET

Sidon International Resources Corp. to Acquire Approximately 160,000 Acres of Prospective Lithium Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 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 property prospective for lithium covering up to 8 townships (approximately 160,000 acres) of land prospective for lithium in Alberta.

Sidon will pay the vendor, $75,000 cash, and issue 6,000,000 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:

- $50,000 and 3,000,000 shares on exchange approval

- $25,000 and 3,000,000 shares within twelve months of TSX Venture approval.

Kamal Alawas, President of Sidon reports, "Lithium is an area of the market that management believes could be a driver for potential future growth of Sidon. This new prospect would certainly give Sidon a sizable land acreage that lies within an area that has been reported by Hamilton et al. 1999 that is within the zone for potential lithium bearing formations. This prospect borders First Lithium Resources Inc's property and Weststar Resources Inc's announced acreage. Once exchange approval has been granted management anticipates initiating a work program on this prospect."

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

Subject to exchange approval, the company intends to issue the maximum payable finders fee in common shares. These shares will be subject to a hold period as required by applicable securities laws.

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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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