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Sphinx Resources Ltd

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Sphinx Appoints Jeremie Ryan as Vice President Corporate Development

MONTRÉAL,QC / ACCESSWIRE / November 23, 2018 / Sphinx Resources Ltd. ("Sphinx"or the "Corporation") (TSX-V: SFX) is pleased to announce the appointment ofJeremie Ryan as Vice President, Corporate Development. Mr. Ryan'sprincipal mandate will be to support the Corporation's growth and assist withthe management of community relations in the Pontiac Regional CountyMunicipality ("Pontiac") where Sphinx conducts exploration activities.

Mr. Ryan is a resident of Mansfield-Pontefract, in the Pontiac and a shareholderof Sphinx. Throughout his career he has worked locally in the forest productsindustry in a variety of roles including as union representative. He has workedin the financial sector and has owned and operated local businesses. He hasbeen involved with several non-profit organizations and forged solidrelationships with the local community.

Normand Champigny, President and Chief Executive Officer of Sphinx,commented that, "Mr. Ryan has been a key supporter in developing strongrelationships with the local community and instrumental in developing ashareholding in the Corporation of close to 20% being held by shareholdersbased in the Pontiac and southwestern Quebec."

His appointment remains subject to the approval of the TSX VentureExchange.

About Québec and Sphinx

Quebec has establisheditself as one of the world's most attractive miningjurisdictions, ranking 6th globally (Fraser Institute pressrelease, February 22 2018). The Quebec government has created marketconfidence by following a proactive approach to mining policy. Quebec's mining sector has also been encouraged by the clarity and certainty ofthe legal and regulatory framework adopted by its government. Sphinx is engagedin the generation and acquisition of exploration projects in Québec with a focus on zinc.

For furtherinformation, please consult Sphinx's website or contact:

Normand Champigny
President and Chief Executive Officer

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

This press release maycontain forward-looking statements that are subject to known and unknown risksand uncertainties that could cause actual results and activities to varymaterially from targeted results and planning. Such risks and uncertaintiesinclude those described in Sphinx's periodic reports including the annualreport or in the filings made by Sphinx from time to time with securitiesregulatory authorities.

All forward-lookingstatements in this press release are made as of the date of this press release.Sphinx does not undertake to update any such forward-looking statements whetheras a result of new information, future events or otherwise, except as requiredby law.

SOURCE:Sphinx Resources Ltd.

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