Sidney Resources Corp (SDRC)

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This was taken from page 8 in the annual report from March 2

This past year has been a good year
for progress at the Lucky Ben Mine Property site. We have made
significant progress in the planning and development phase of the project and we were putting ourselves
in a position for an exciting 2016 season but we have not been able to negotiate terms
of our lease that
make it economically feasible to continue the development work on the Lucky Ben Property. The current
lease structure requires funding to go to our Lessor instead of being put into the development of the
property. We have made every effort
to resolve this issue and will continue to do so over the next few
weeks but because of the situation we have worked with our experts and have identified alternative
properties for development. We are in the process of securing these properties and look forward to
announcing full details once
negotiations are complete.