Sonic Announces Financing to Initialize Launch of Heavy Oil Upgrading Process

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TSX Venture Exchange Symbol: SNV

VANCOUVER, May 12 /CNW/ - SONIC Technology Solutions Inc. ("SONIC" or the "Company") today announced that it has entered into a letter agreement with Becher McMahon Capital Markets Inc. ("Becher McMahon" or the "Agent") to assist in meeting the capital requirements of the Company, including commitments relating to its heavy oil upgrading process.

In its role as agent, Becher McMahon will conduct a private placement financing of up to Cdn.$1.25 million (the "Brokered Placement"). In addition, SONIC intends to complete a concurrent non-brokered financing of up to Cdn.$500,000 (together with the Brokered Placement, the "Private Placement"). Net proceeds of the Private Placement will be used for general working capital purposes and to meet commitments associated with recent announcements by the Company regarding its heavy oil upgrading process. Under the terms of the Private Placement, SONIC has agreed to sell up to 5,833,333 Units, on a private placement basis, at a price of $0.30 per Unit, all to subscribers exempt from the prospectus and registration requirements of applicable Canadian securities law.

Each Unit will be comprised of one common share and one-half of one common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder thereof to purchase one common share at a price of $0.45 per common share for 12 months from the closing date of the Private Placement. The Agent will receive a cash commission and will be granted broker warrants to purchase that number of units equal to 10% of the Units sold under the Brokered Placement. The broker warrants will be exercisable at a price of $0.30 per unit for 12 months from the closing date. Closing of the Private Placement is expected to occur on or around May 22, 2008. The Private Placement is subject to acceptance for filing with the TSX Venture Exchange Inc. and all other necessary approvals. All securities issued under the financing will be subject to a four month hold period under applicable Canadian securities laws. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About SONIC

SONIC develops and markets Sonoprocess(TM) technologies based on the Company's core sonic generator technology. The Company licences its Sonic Treatment System for soil remediation internationally, and the operations of the Company are focused on the development and deployment of its heavy oil upgrading process. The Company recently announced that it will acquire an additional upgrading process from Northern Oil Research Technologies Inc. to compliment the process developed by PetroSonic Energy Systems which the Company recently announced will now become a wholly owned subsidiary of SONIC.

                     Sonoprocess(TM) Technologies
               - Sustainable - Efficient - Economic -

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.