Sonora Gold Corp. CA$0.05 0.0000 (0.00%)

Vancouver, BC, October 3, 2008 - Sonora Gold & Silver Corp. ("Sonora" or the "Company") is pleased to announce that it has increased its non-brokered private placement originally announced on August 20, 2008, from 6,000,000 Units to 6,500,000 Units. Each Unit consists of one common share and one quarter of one share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.15 per share for a period of one year from the date of issue. This financing is subject to regulatory approval.

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The proceeds of the private placement will be used for working capital. P Sonora Gold & Silver Corp.

"Ken Churchill"
President,Chief Executive Officer and Director

For further information please contact:
Ken Churchill
604-642-6165
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

(This release is not a solicitation to United States residents to purchase securities in the Company).

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Any statements regarding the company's future financial position, revenues, earnings, plans and objectives are forward-looking statements. Mont Blanc will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian Securities regulatory authorities by Mont Blanc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein. (This release is not a solicitation to United States residents to purchase securities in the Company).

 

 

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Sonora Gold & Silver Corp.
210 - 905 West Pender St.
Vancouver, BC V6C 1L6

Tel: 604 398 5396