Mr. Dale Ginn reports

SGX ANNOUNCES CLOSING OF $3.15 MILLION PRIVATE PLACEMENT

SGX Resources Inc. has closed its private placement offering (with a syndicate of agents led by Primary Capital Inc. and M Partners Inc., and including Stonecap Securities Inc.) of flow-through units of the company. At the closing, the company issued 9,004,700 units at a price of 35 cents per unit for total gross proceeds of $3,151,645.

The units each consist of one flow-through common share and one-half of one non-flow-through common share purchase warrant of the company with each whole warrant exercisable into one common share of the company at a price of 45 cents for a period of 24 months following the closing.

At the closing, the agents received a commission equal to 6 per cent of the gross proceeds of the offering, plus expenses.

All securities issued are subject to a hold period of four months and a day from the date of issuance in accordance with applicable securities laws.

The gross proceeds from the sale of the units shall be used for Canadian exploration expenses on the mineral properties of the company.

It is the intention of the company and the agents to close a second tranche of the offering in the near future.

We seek Safe Harbor.