Sphinx Appoints Francois Biron to Board of Directors

MONTRÉAL, QUEBEC--(Marketwired - July 27, 2016) - Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSX VENTURE:SFX) is pleased to announce that Francois Biron has been appointed to the Corporation's Board of Directors as an independent director. Francois Biron has more than 40 years of experience in operational management. He has occupied several senior positions at mine sites with well-known and reputable international mining companies. His expertise includes project evaluation, environmental management and social acceptability for new mining projects which will strengthen the Corporation. Mr. Biron has been involved as General Manager of the Troilus Division of Inmet Mining Corporation, a gold-copper mine in Eeyou Istchee James Bay region about 125 km north of Chibougamau, Quebec, with 260 employees, including 65 from the Cree nation.

The articles of the Corporation require that the Board of Directors must be composed of a maximum of six directors. Consequently, David Johnson has accepted to step down as a director. The Board and management of the Corporation thank Mr. Johnson for his dedication and contributions to Sphinx. He will act going forward as a consultant to Sphinx in connection with governance, legal and business development matters.

About Sphinx

Sphinx is engaged in the generation and acquisition of exploration projects in Québec and Canada which is recognized as an attractive mining jurisdiction worldwide.

For further information, please consult Sphinx's website.

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This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx's periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities.