SXR Sgx Resources (delisted)

SGX Resources Inc. (TSX VENTURE:SXR) (the "Company"), is pleased to announce the
appointment of Dr. K. Sethu Raman as an independent director of the Company
effective today.


"Dr. Raman provides an excellent addition to our board of directors. He is a
distinguished leader and has been a driving force behind many successful mining
exploration projects, both internationally and within the Timmins gold camp,"
said Dale Ginn, President and Chief Executive Officer of the Company.


Dr. Raman is a successful exploration geologist with over 45 years of
international experience in all phases of exploration, mine development,
acquisitions and operations including financial and legal areas. He has
pioneered many new exploration concepts and strategies which have led to the
discovery of 11 significant gold, silver, copper, zinc, phosphate and uranium
deposits located near established mining camps, seven of which went on to become
producing gold mines in Canada. 


As president and CEO of Holmer Gold Mines Ltd, Dr. Raman was particularly
instrumental in the resurgence of the West Timmins camp where he discovered the
Timmins Gold Deposit for which he later negotiated a business combination with
Lake Shore Gold Corp. 


Dr. Raman previously spent 13 years with Campbell Chibougamau Mines/Campbell
Resources and the Royex Gold Mining Group of companies (now Barrick Gold
Corporation) in various management positions, including Vice President (1980 to
1986) where he played a key role in the discovery and development of six gold
mines in Quebec, Ontario and NWT and several major acquisitions. He holds a Ph.D
degree in Geology from Carleton University and a UNESCO Post-Graduate Diploma
from the University of Vienna, Austria. He is the founder and chairman of Holmer
Gold Mines Inc, a private company currently developing the Loma Hierro silver
mine in Cuba.


The Company also announced today the issuance of 3,500,000 incentive stock
options ("Options") to purchase its common shares, exercisable at $0.28 per
common share, to various directors, officers, employees and consultants of the
Company. The Options will expire on August 8, 2017. The Options have been issued
pursuant to the Company's stock option plan. 


The issuance of the Options is subject to the approval of the TSX Venture
Exchange. If the issuance of the Options is approved by the TSX Venture
Exchange, the Options will be subject to a minimum hold period of 4 months and
one day in accordance with applicable securities laws and applicable policies of
the TSX Venture Exchange.

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