Sona Resources Corporation
TSX VENTURE : SYS
FRANKFURT : QS7

Sona Resources Corporation

November 19, 2010 09:37 ET

Sona Announces Private Placement of Up to $5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(All figures in Canadian dollars)

Sona Resources Corp. (TSX VENTURE:SYS)(FRANKFURT:QS7) (the "Company" or "Sona") announces that it has entered into an agreement with Stonecap Securities Inc. in connection with a marketed, best-efforts private placement (the "Offering") of up to $2.5 million in units (the "Units"), and up to $2.5 million in flow-through common shares (the "Flow-Through Common Shares"). The issue price of the Units and the Flow-Through Common Shares shall be determined in the context of the market. Each Unit shall consist of one common share of the Company, and one-half of one common share purchase warrant, the pricing and terms of which will also be determined in the context of the market.

The net proceeds from the sale of the Units shall be used for working capital, and for general corporate purposes. Proceeds from the sale of the Flow-Through Common Shares will be used for exploration at the Company's mineral property interests, which will constitute Canadian exploration expenses (as defined in the Income Tax Act) and will be renounced for the 2010 tax year.

The Offering will be made by way of private placement to accredited investors in all provinces of Canada. The Offering is expected to close on or about December 15, 2010, and is subject to certain conditions, including but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and securities regulatory authorities. The Units and the Flow-Through Common Shares will be subject to a four-month hold period.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons, unless an exemption from such registration is available.

IMPORTANT NOTICE: THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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