Sono Resources Signs Letter Agreement to Acquire Copper / Silver Prospects in Botswana, Africa

Sono Resources Signs Letter Agreement to Acquire Copper / Silver Prospects in Botswana, Africa

Sono Resources Inc. has entered into a formal Share Purchase Agreement (the “Agreement”) with Tignish (PTY) Ltd., a Botswana company (the “Vendor”), to purchase 95 percent of the issued and outstanding shares (the “Shares”) of Bonnyridge (PTY) Ltd., also a Botswana company (“Bonnyridge”), which is the legal and beneficial owner of three mineral license blocks located in Northwestern Botswana, Africa (the “Property”).

In accordance with the terms of the Agreement, and in order to purchase the Shares, the Company is required to provide the Vendor with: (i) an initial cash payment of USD$200,000 within three business days of the execution of the Agreement; (ii) a further cash payment of USD$100,000 on or before closing; and (iii) 6,500,000 restricted common shares of the Company at closing; and which closing must presently occur prior to April 29, 2011 unless otherwise mutually determined.

The Company is informed that, in order to maintain its Property interests, Bonnyridge continues to be obligated to provide the Vendor with USD$900,000 payable in three installments of USD$300,000 per year over a three-year period and, in addition, carry out an exploration program on the 2,965.6 square km of mineral rights covering the Property with an expenditure commitment over the three-year period of approximately USD$1,750,000.

The area where the licenses are located has been widely characterized as an extension of the Kalahari Copper Belt, which extends from Zambia through Botswana and into Namibia. The belt is home to many producing Copper mines and many more exploration activities.

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