San Gold Corporation and SGX Resources Inc. Announce Closing of Joint
Acquisition of Mineral Claims from Canada Lithium Corp.

/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES/

BISSETT, MB, Sept. 7 /CNW/ - Dale Ginn, CEO of San Gold Corporation ("San Gold") (SGR: TSX-V) and Hugh Wynne, CEO of SGX Resources Inc. ("SGX") (SXR: TSX-V) are pleased to announce that San Gold and SGX have closed their previously announced acquisition from Canada Lithium Corp. ("CLQ") of a 100% interest in 18 mineral claims held by CLQ located in Tully Township, Porcupine Mining Division, District of Cochrane, Ontario (the "Mineral Claims"). The consideration paid by San Gold and SGX consists of: (i) 150,000 common shares of San Gold issued by San Gold to CLQ; (ii) 600,000 common shares of SGX issued by SGX to CLQ; and (iii) $200,000 cash paid by SGX to CLQ. San Gold and SGX shall each acquire a 50% interest in the Mineral Claims. In addition to the consideration paid by SGX to CLQ, SGX shall be required to pay the first $223,000 in exploration expenditures on the Mineral Claims. Following the expenditure of such funds, San Gold and SGX shall each be responsible for 50% of the cost of any exploration work undertaken on the Mineral Claims. SGX will be the operator of the Mineral Claims. The common shares of SGX and San Gold issued to CLQ will be subject to a hold period of four months and a day in accordance with applicable securities laws.

Following a reevaluation of prior work, San Gold and SGX intend to actively explore the Mineral Claims.

The transaction between San Gold and SGX is a "related party transaction" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). San Gold and SGX are both relying on an exemption from the minority approval and formal valuation requirements of MI 61-101 due to the fact that the transaction does not represent greater than 25% of the market capitalization of either San Gold or SGX.

The sale of the Mineral Claims by CLQ to San Gold and SGX is subject to the final approval of the TSX Venture Exchange (the "Exchange")

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

For further information: Dale Ginn, Chief Executive Officer of San Gold Corporation, at [phone] or investor information at 1-800-321-8564 or visit www.sangoldcorp.com; Hugh Wynne, Chief Executive Officer of SGX Resources Inc., at [phone]