Sidon International Resources Corp. announces $1,500,000 private placement

    VANCOUVER, Dec. 7 /CNW/ - SIDON INTERNATIONAL RESOURCES CORP. (SD - TSXV;
SY7 - FWB) Mr Abby Farrage reports that the Company wishes to announce a
private placement for the sale of up to 11,538,462 units (the "Units") at
$0.13 per unit for total proceeds of $1,500,000. The Units offered comprise of
9,615,385 flow-through units and 1,923,077 non flow-through units. Each
flow-through unit consists of one flow-through common share of the Company and
one non flow-through share purchase warrant. Each non flow-through unit
consists of one non flow-through common share of the Company and one non
flow-through share purchase warrant. Each non flow-through share purchase
warrant shall have a two year term for the purchase of one further common
share of the Company at the exercise price of $0.20 per share during the first
year and an exercise price of $0.30 per share during the second year. The
foregoing exercise term shall be subject to the following acceleration clause:
if the shares of the Company trade over $0.30 for a period of 10 consecutive
trading days on the TSX Venture Exchange, the share purchase warrants may only
be exercised within 30 days and will automatically expire thereafter. The
maximum allowable finder's fee will be payable, either in cash or shares or a
combination of both.

    THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
    CONTENTS HEREIN.

    Sidon International Resources Corporation is a junior exploration company
with interests in Nevada - North Dolly Varden Copper Gold Claims and White
Pines Gold Claims, North West Territories - Slave Craton Diamond properties
and British Columbia - Harrison Lake West Gold Silver Claims.

For further information: Kamal Alawas - President, Tel: (425) 501-9384,
Fax: (425) 258-3366; Abby Farrage, Director, Tel: (604) 671-4718; Website:
www.sidoninternationalresources.com; Mailing Address, P.O. Box 1191, Everett,
Washington, 98206