SNI.PR.A Sonor Investments Ltd

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the year ended December 31, 2008 and the three months ended March
31, 2009.




                               Year ended             3 months ended
                              December 31                   March 31

                          2008       2007          2009         2008
                          $000       $000          $000         $000
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Revenue                  4,339      5,234           259          238

Net Income (loss)         (855)     3,943          (206)         (62)
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Michael Gardiner, President and Chief Executive Officer, stated that as at March
31, 2009 the Company's assets totalled $45.3 million. These assets included $9.4
million of marketable securities, $31.9 million in a private investment, $3.2
million of cash and cash equivalents and $0.8 million of Canadian asset backed
commercial paper.


During the year ended December 31, 2008, the Company realized $229,000 in net
capital losses on the sale of investments and $4,030,000 on the value of
investments. This compares to net capital losses of $406,000 on the sale of
investments and $205,000 on the value of investments during the year ended
December 31, 2007. During the three months ended March 31, 2009, Sonor realized
$41,000 in net capital gains on the sale of investments and net capital losses
of $345,000 on the value of investments. This compares to net capital losses of
$137,000 on the sale of investments and net capital losses of $64,000 on the
value of investments during the corresponding period of the previous year.


Loss on value of investments is determined each quarter by testing available for
sale investments for impairment. The impairment process includes a review of all
shares with particular emphasis on shares trading below book value for more than
six months and more than 25% below book value at the end of the fiscal year.


Sonor Investments Limited is an investment corporation located in Toronto,
Canada. The First Preference Shares of Sonor trade on The TSX Venture Exchange
under the symbol SNI.PR.A.

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