SIDON INTERNATIONAL RESOURCES CORPORATION

Sidon International Resources reported to have closed the first tranche of a private placement comprising 10.6 million units, at a price of 2.5 cents per unit, for gross proceeds of $265,000. Each unit comprises of one common share and one non-transferable share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the company at a price of five cents for a one-year period, 10 cents in the second, third, fourth and fifth years expiring Aug. 27, 2014.