Sonora Gold Corp.

Sonora Gold Corp.

March 31, 2005 00:01 ET

Sonora Gold Completes Private Placement and Engages Arthur Ferjo for Investor Services


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SONORA GOLD CORP.

TSX VENTURE SYMBOL: SGG
PINK SHEETS SYMBOL: SGGFF

MARCH 31, 2005 - 00:01 ET

Sonora Gold Completes Private Placement and Engages
Arthur Ferjo for Investor Services

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 31, 2005) - Sonora
Gold Corp. (TSX VENTURE:SGG)(PINK SHEETS:SGGFF) -

Further to the news releases of February 28, 2005 and March 1, 2005, the
Company announces it has completed a 3.6 million unit private placement
at $0.10 per unit raising a total of CDN$360,000. Each unit consists of
one common share and one two year common share purchase warrant
exercisable at $0.15 per share during year one and $0.20 per share
during year two. The issued common shares and common share purchase
warrants will be subject to a four month hold period from the Closing
Date. The monies raised will be used to complete the previously
mentioned feasibility report and updating the Company's 43-101 technical
report and for general working capital.

The Company also wishes to announce that it has engaged the services of
Arthur Ferjo, of Peterborough, Ontario, to provide investor services for
the Company to Canadian and US institutional investors.

Mr. Ferjo is engaged in the business of corporate communications and
providing financial marketing and investor communication services to
companies listed on the TSX Venture Exchange. Mr. Ferjo will be
responsible for the development of retail and institutional contacts in
Canada and the US; communication with analysts; development of corporate
finance and investment banking networks; and development of private
investor and key newsletter writer databases. In consideration for the
services provided by Mr. Ferjo, the Company will pay him a monthly fee
of CDN$3000 for a period of six months and is renewable thereafter on a
monthly basis. The Company has also granted Mr. Ferjo with 200,000
incentive stock options at an exercise price of $0.15 per share for a
period of two years.

The above is subject to approval from the TSX Venture Exchange.

On Behalf of the Board of Directors

David McMillan, President

This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from
those indicated by such statements. All statements, other than
statements of historical fact, included herein, including, without
limitations statements regarding future production, are forward looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated
in such statements.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sonora Gold Corp.
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685-7349 (FAX)
    ir@unitedresourcegroup.ca
    www.sonoragold.ca/
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.