Sona Resources Corporation
TSX VENTURE : SYS
FRANKFURT : QS7

Sona Resources Corporation

December 23, 2010 12:04 ET

Sona Resources Corp.: Closing of Private Placement for $3,205,290

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2010) - (All Figures in Canadian Dollars)

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

Sona Resources Corp. (the "Company" or "Sona") (TSX VENTURE:SYS)(FRANKFURT:QS7) is pleased to announce that it has closed its private placement (the "Private Placement") of 2,134,000 flow-through units (the "FT Units") and 488,900 non flow-through units (the "Units") at a price of $1.25 per FT Unit and at a price of $1.10 per Unit, raising gross proceeds of $3,205,290. Stonecap Securities Inc. (the "Agent") acted as Agent in connection with the placement of all 2,134,000 FT Units and 238,900 Units. Each FT Unit consists of one flow-through common share and one-half of one transferable share purchase warrant. Each Unit consists of one common share and one-half of one transferable warrant (the warrants are collectively referred to as the "Warrants"). Each whole Warrant is exercisable into one non flow-through common share of the Company at a price of $1.50 per share for a period of two years, expiring on December 22, 2012.

In consideration for their services, the Company has paid to the Agent, a cash commission of $238,823.20 and issued 193,832 common share purchase warrants (the "Agent's Warrants"). Each Agent's Warrant entitles the Agent to purchase one common share (the "Agent's Warrant Share") of the Company until December 22, 2012 at an exercise price of $1.50 per Agent's Warrant Share.

The Company may close a second tranche of this financing on a non-brokered basis in the first quarter of 2011.

All securities issued pursuant to the Private Placement are subject to a hold period expiring on April 22, 2011.

The proceeds from the sale of the Units will be used for general working capital and for general corporate purposes. The proceeds from the sale of the FT Units 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 (Canada)) and will be renounced for the 2010 tax year.

About Sona Resources Corp.

Since its inception in 1990, Sona has engaged in exploration activities at its mineral properties in Canada and the United States, as well as small-scale gold production at its flagship property, the 100 percent owned Blackdome Gold Mine ("Blackdome"), in south-central British Columbia, 250 kilometres north of Vancouver. At Blackdome, the indicated mineral resources are estimated to be 144,500 tonnes, grading 11.29g Au/t and containing 52,600 ounces of gold, and the inferred resource is estimated to be 90,600 tonnes, grading 8.79g Au/t (news release dated May 4, 2010). At its 100 percent owned Elizabeth Gold Property, 30 kilometres south of the Blackdome Gold Mine, Sona has outlined an inferred gold resource of 522,900 tonnes, grading 12.3g Au/t and containing 206,100 ounces of gold (news release dated June 8, 2009).

Sona aims to bring the fully permitted Blackdome mill back into production over the next three years at a rate of 200 tonnes per day, with feed from the former-producing Blackdome Gold Mine and the Elizabeth Gold Deposit Property. A positive Preliminary Economic Assessment by Micon International Ltd. (news release dated May 28, 2010), at a gold price of $950 per ounce over an eight-year period, has estimated pre-tax cash flow of $27 million and pre-production capital costs of $21 million.

Sona holds a 100 percent interest in two other promising properties: The Callaghan Project is located in Nevada, within 80 kilometres of several producing mines, and is underlain by the Roberts Mountain Thrust, a major structural setting for gold deposits. The Montgolfier Project is located in Quebec, 40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.

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.

This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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