EDMONTON, ALBERTA--(Marketwire - Sept. 24, 2012) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD), a developer of advanced remote sensing technologies is pleased to announce the completion of the final tranche of its previously announced private placement of units (the "Units") at a price of $0.10 per Unit, for aggregate gross proceeds of $131,540. The Units are comprised of one Class A common share (a "Share") and one Share purchase warrant. Each warrant (a "Warrant") entitles the holder to purchase one Share of the Corporation at an exercise price of $0.15 per Share until September 24, 2013.

The Shares and Warrants comprising the Units are subject to a four month statutory hold period which expires on January 25, 2013.

The proceeds will be used by Synodon for general working capital.

This closing brings the total gross proceeds raised for the private placement announced on August 7, 2012 to $1,580,843.10.

Effective September 21, 2012, FronTier Consulting Ltd. ("Frontier"), an investor and media relations consulting company will provide public and investor relations services for a period of nine months. Frontier will be paid a monthly fee of $4,500.

Synodon Inc. ([ www.synodon.com ]) is an Edmonton based technology company that has developed an advanced airborne remote gas sensing system called realSens™, based on technologies developed under the Canadian Space Program and by Synodon scientists. The company offers accurate and reliable pipeline leak detection services with comprehensive reporting to the oil and gas industry.

Contributing Sources

---

Market Wire