SXR Sgx Resources (delisted)

Dale Ginn, President and Chief Executive Officer of SGX Resources Inc. (TSX
VENTURE:SXR), is pleased to report that drilling has followed up on the new
high-grade gold discovery located immediately to the south of the Edleston
deposit. Drill hole #12-90 encountered three distinct high-grade intersections,
cutting 2.7 metres of 7.1 g/tonne as well as 1.5 metres of 10.5 g/tonne and 1.3
metres of 8.7 g/tonne. Drill hole #12-90 is located immediately below and to the
east of discovery hole #12-86, which produced a 6.3 metre interval of 68.5
g/tonne (see press release dated Nov. 20, 2012). Additional assay results are
also being reported for Edleston Zone drilling that has successfully extended
the main body eastward by over 100 metres since November, 2012.


Drilling programs have now recommenced on the main body of the Edleston Zone
with two drills focusing on both infill and extensions. A single drill has also
commenced on the Tully gold deposit located 20 kilometers north of Timmins while
an additional drill has started on the Grenfel project located west of Kirkland
Lake in order to follow up on historical shaft, level development and diamond
drilling by previous owners. It is anticipated that mineral resources technical
reports will be prepared this year for the Edleston and Tully deposits.


An updated longitudinal section has also been attached in order to show the
location of the intersections obtained to date on the Edleston deposit and the
new high-grade discovery. Recently received results are summarized below:




                                                                            
Hole #            From (m)  To (m)  Length (m)  Gold (g/tonne)     Zone/Lens
                                                                            
SL-12-90             104.8   107.5         2.7            7.12  Hanging wall
                                                                            
and                  121.3   122.8         1.5           10.45  Hanging wall
                                                                            
and                  141.7   143.0         1.3            8.71  Hanging wall
                                                                            
SL-12-72             370.0   290.3        20.0            0.54         EL #1
                                                                            
SL-12-87             263.0   316.0        53.0            0.71         EL #1
                                                                            
SL-12-91             145.0   161.0        16.0            0.50         EL #1
                                                                            
and                  215.9   240.3        24.4            0.52         EL #1
                                                                            
SL-12-132             33.0    77.0        44.0            0.63         EL #1



The intersections above are near to true widths as drilling has taken place from
surface hangingwall positions, intersecting the zone nearly perpendicular to its
strike and dip. 


The Sothman land package containing the Edleston deposit is located
approximately 60 km by road to the south of Timmins, Ontario, between the
Young-Davidson mine to the east and the Cote Lake deposit to the west. This
discovery is located in the north-west quadrant of SGX's claim group within the
Sothman Township and has road access via Pine Street extending south from
Timmins. The main deposit dips moderately steeply to the south and strikes
east-southeast on the north limb of the Edleston fold while the high-grade zone
appears to lie in a south east axial planar feature. Over 75 drill holes have
been completed to date along 50 metre spaced sections, outlining a mineralized
zone approximately 100 metres wide and over 700 metres long to a maximum depth
of 250 metres while the zone continues to remain open in all directions.


The Tully deposit and property is located approximately 25 km to the north of
Timmins and has undergone a number of phases of exploration by previous owners
as well as by SGX in 2010. This deposit is interpreted by SGX geologists to
consist of a series of extensional high-grade quartz veins within a tuff unit
host acting in contrast to the bounding sheared ultramafic and sediment units
along a northern splay of the Porcupine fault. SGX also holds a position in the
Davidson-Tisdale deposit and other strategic lands to the west and south of
Timmins, near current and past production. 


Sections, plans and diagrams related to this press release are available at the
company's website, www.sgxresources.com, specifically a longitudinal section
showing the location of the intersections received and released to date. 


This program was carried out under the supervision of Peter Caldbick, P.Geo., of
SGX Resources Inc., the qualified person responsible for this news release. The
drill core was split, with half sent to the SPJ Laboratories of Sudbury, ON and
fire assayed with an AA and gravimetric finish. Whole metallic assays were
performed on samples containing visible gold. Check assays were also performed
on pulps and rejects, as well, blanks and standards were inserted into the
sample stream. 


A copy of this press release will be made available on the company's website and
will be filed with Sedar. 


CAUTIONARY STATEMENT: The information in this release may contain
forward-looking information under applicable securities laws. This
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those
implied in the forward-looking information.


To view the "Edleston Deposit Longitudinal Section" figure, please visit the
following link: http://media3.marketwire.com/docs/SGX-2013-01-29-Edelston.pdf


To view the "IP Signature over Edleston Deposit and New High Grade Zones"
figure, please visit the following link:
http://media3.marketwire.com/docs/SGX-2013-01-29-IP.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
SGX Resources Inc.
Dale Ginn
CEO
(204) 794-5818
www.sgxresources.com

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