Private Placement Offering of Flow-Through Units

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/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. NEWS WIRE SERVICES/


WINNIPEG, Dec. 30 /CNW/ - Mr. Hugh Wynne, CEO of SGX Resources Inc. (the
"Corporation"), a company listed on the TSX Venture Exchange under the
symbol "SXR", today announced the closing of its previously announced
private placement offering (the "Offering") of units ("Units") at a
price of $3.50 per Unit. At closing the Corporation issued 768,050
Units for gross proceeds of $2,688,175. The net proceeds of the
Offering will be used for continuing exploration on the Timmins gold
properties of the Corporation.


Each Unit was comprised of nine common shares of the Corporation issued
as "flow-through shares" within the meaning of the Income Tax Act (Canada), one regular common share of the Corporation and five common
share purchase warrants ("Warrants"). Each Warrant entitles the holder
thereof to purchase one common share of the Corporation at a price of
$0.45 per share until July 20, 2012. The securities issued pursuant to
the Offering will be restricted from transfer for a period of four
months and a day in accordance with applicable securities laws.


Certain companies and individuals assisted the Corporation by
introducing potential subscribers for the Offering and received a fee,
payable in cash, equal to 5% of the total subscription proceeds
received from subscribers introduced to the Corporation by each
particular person.


No broker warrants were issued in connection with the Offering.


The closing of the Offering is subject to the final approval of the TSX
Venture Exchange.


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 of SGX Resources Inc., at (204) 791-1723