Sonoro Energy Ltd (SNV)

[jojoba]

Sonoro Energy Announces Closing of $10.125 Million Private Placement
11:29 EST Friday, January 21, 2011

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSX VENTURE:SNV) is pleased to announce the closing of its brokered private placement. Sonoro issued 40,500,000 units at a price of $0.25 per unit for gross proceeds of Cdn $10,125,000. Each unit is comprised of one common share ("common share") and one-half of one warrant, with each whole warrant exercisable into one common share for a period of one year after closing at an exercise price of $0.50 per share. The securities issued pursuant to this private placement will be subject to a four-month hold period expiring May 20, 2011. The private placement was completed by a syndicate of agents led by Macquarie Capital Markets Canada Ltd. and including FirstEnergy Capital Corp.

The net proceeds from the private placement will be used to advance the Company's project in the Republic of Iraq, including shallow drilling activities, seismic and data acquisition, topping facilities engineering and for general working capital requirements.

Sonoro now has 214,980,009 common shares outstanding, and trades on the TSX Venture Exchange under the symbol SNV.