SGX Resources Inc. Enters into Option Agreement

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CALGARY, Nov. 5 /CNW/ - Hugh Wynne, CEO of SGX Resources Inc. ("SGX"), is pleased to announce that SGX has entered into an option agreement (the "Option Agreement") with each of Robert Rousseau, Reginald Rochon and Andre Rochon (collectively, the "Optionors"). Pursuant to the Option Agreement, the Optionors have provided SGX with an option to acquire a 100% undivided interest in 3 mineral claims (the "Properties") held by the Optionors in the Timmins, Ontario area.

Pursuant to the terms of the Option Agreement, SGX has the option to earn a 100% undivided interest in the Properties by making the following aggregate cash payments and issuing the following aggregate numbers of common shares of SGX ("Common Shares") to the Optionors: (i) $10,000 cash and 100,000 Common Shares on the date that approval of the Option Agreement is received from the TSX Venture Exchange (the "Approval Date"); (ii) $20,000 cash and 100,000 Common Shares on or before the first anniversary of the Approval Date; (iii) $40,000 cash and 100,000 Common Shares on or before the second anniversary of the Approval Date. SGX is also required to undertake a program of linecutting and geophysics on the Properties that will cost a minimum of $100,000 on or before the second anniversary of the Approval Date.

In addition, upon transfer of a 100% undivided interest in the Properties from the Optionors to SGX, the Optionors shall be entitled to an aggregate 2% net smelter returns royalty on the Properties.

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:

Hugh Wynne, Chief Executive Officer. Tel: [phone]