SGX Resources Drills Multiple Gold Zones at Tully

Dale Ginn, President and Chief Executive Officer of SGX Resources Inc. (TSX
VENTURE:SXR), is pleased to report that drilling in and around the Tully gold
deposit located 25 km north of Timmins has been successful in identifying
numerous sets of gold bearing veins of varying grades and thickness. The
following results are the first received from the joint (50/50) SGX/San Gold
(TSX:SGR) 2013 program following extensive compilation and reinterpretation of
past drilling programs by previous owners dating back to the discovery of the
Tully deposit in 1969 by McIntyre Mines. Drill hole #13-15 cut four separate
zones including 14.1 metres of 20.1 g/tonne (uncut) as well as 13.0 metres of
5.9 g/tonne, all above 230 metres in depth below surface. New, broadly
mineralized zones of up to 50 metres in width were also encountered by drill
holes #13-12 and #13-17. 


Recently received results from four drill holes are summarized below:



                                           Gold          
Hole #    From (m)  To (m) Length (m) (g/tonne) Zone/Lens
                                                         
SGX-13-12     56.5    65.0        8.5      1.97       New
                                                         
and          157.8   160.8        3.0      7.14        T1
                                                         
and          175.1   177.0        1.9      7.46        T2
                                                         
and          189.4   192.0        2.6      5.45        T3
                                                         
and          229.8   270.0       40.2      1.09       New
                                                         
SGX-13-14    130.3   134.3        4.0      6.47        T1
                                                         
and          159.5   163.0        3.5      3.50        T2
                                                         
SGX-13-15    181.0   194.0       13.0      5.89        T2
                                                         
and          247.3   261.4       14.1     20.10        T3
                                                         
including    247.3   254.3        7.0     39.00        T3
                                                         
including    247.3   247.8        0.5     452.0        T3
                                                         
and          346.3   348.0        1.7      4.70       New
                                                         
and          372.0   381.0        9.0      1.15       New
                                                         
SGX-13-17    149.0   151.2        2.2      8.87        T1
                                                         
and          155.8   166.1       10.3      1.12       New
                                                         
and          171.0   176.0        5.0      5.45        T2
                                                         
and          224.0   273.3       49.3      1.10       New



During the latter part of 2012 an internal study was undertaken focusing on the
structural and geological setting in order to fully appreciate the potential for
additional mineralization and its controls. What resulted is a different
interpretation of vein geometry than past operators giving rise to a new
exploration program consisting of steeply oriented drilling in order to
intersect veining at perpendicular angles and to utilize drill footage more
efficiently by intersecting numerous vein sets. In general terms, the Tully
deposit is now interpreted to be a series of shallow dipping (extensional or
ladder) stacked vein sets within a subvertical competent mafic tuff host that is
bounded by ultramafic volcanic rocks to the south and sediments to the north.
This host sequence of rocks all lie within the regional east-west Pipestone
Fault corridor, a northern splay from the Porcupine-Destor Fault. Movement along
this fault corridor gave rise to competence contrast in the tuff unit, allowing
for dilation and the formation of extension fractures which became repositories
for gold bearing hydrothermal fluids. The Tully deposit has been drilled over a
600 metre strike length to date, and to depths of over 200 metres, remaining
open along strike and to depth. True intersection widths are interpreted to be
between 65% to 80% of drilled widths as shown in the table above. Assay
intersections are uncut as an appropriate cutting factor has not yet been
determined for this deposit. 


SGX Resources is undertaking drilling programs on the Edleston Zone, located 60
km south of Timmins with two drills focusing on infill and extensions, as well
drilling is underway on the Tully gold deposit located 25 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. 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 composite/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 Activation Labs of Ancaster, 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 images associated with this release, please visit the following links:

Timmins North Tully Deposit: Composite Section Looking Northeast: 2013 Drilling:
http://media3.marketwire.com/docs/sgxIMAGE1.pdf.


SGX Resources Project Locations: http://media3.marketwire.com/docs/SGXimage2.pdf.

FOR FURTHER INFORMATION PLEASE CONTACT: 
SGX Resources Inc.
Dale Ginn
CEO
[phone]
www.sgxresources.com