Sidon International Resources Corporation

Sidon International Resources Corporation

July 14, 2010 03:01 ET

Sidon Receives Approval for High-Grade Gold Prospect in Tanzania

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2010) - Sidon International Resources Corp. (TSX VENTURE:SD)(FRANKFURT:SY7)(PINK SHEETS:SIDNF) has received final approval from the TSX Venture Exchange in regards to its high-grade gold prospect, the "Morogoro East Gold (MEG)" property in the Morogoro area of Tanzania.

Company president Kamal Alawas states: "This is great news for the future growth of Sidon. Rarely does a company of our small market capitalization be afforded an opportunity to be able to acquire a property of such potential in what can only be described as one of the world's last potential world-class undeveloped gold districts. In the 1990s Tanzania only had approximately one million ounces of known gold reserves, now it has over 50 million ounces of reserves, placing it in third place in the African gold-producing countries behind only South Africa and Ghana. Considering it has at least five world-class gold deposits, Tanzania has yet to be subjected to serious and prolonged exploration by modern methods. Few junior resource companies have had the ability to become involved in this expanding gold district and management is excited about what the future development of this prospect will provide for the growth of Sidon. Seeing how the market embraced Canaco Resources Inc. after their recent discoveries in Tanzania, it is clear that there is growing market awareness for this emerging gold district in Africa. Couple this with the anticipated work program to start immediately, it is clear that Sidon is entering a significant period of corporate growth right now."

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Kamal Alawas, President

We seek safe harbour.

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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