TIMMINS, ONTARIO -- (Marketwire) -- 02/26/13 -- SGX Resources Inc. (TSX VENTURE: SXR), is pleased to report that the Company has signed an exploration agreement with Mattagami First Nation.
The Agreement recognizes the rights, obligations, and responsibilities held by each party in relation to ongoing exploration activities on claims held by the Company that are located in Mattagami traditional territory. The Agreement also identifies potential opportunities which may arise from exploration activities in these areas and provides methods for the Mattagami community to participate in these opportunities.
"SGX is proud of the relationship that has developed with Mattagami. This Agreement provides the foundation for the Company to continue pursuing exploration activities across many prospective targets in a manner that respects the traditional values of the community and ensures fair access to economic opportunities as they arise," said Dale Ginn, President and Chief Executive Officer of SGX Resources Inc.
Mattagami First Nation Chief Walter Naveau stated, "SGX approached Mattagami First Nation in a proactive and respectful manner regarding exploration in our traditional territory. I look forward to a long, mutually beneficial relationship with SGX."
The Agreement covers all present and future mineral dispositions and claims held by the Company and is effective immediately.
SGX Resources discovered and continues to build on the new, near-surface Edleston gold deposit located approximately 60 km by road to the south of Timmins, Ontario, between the Young-Davidson mine to the east and the Cote Lake deposit to the west. SGX is also conducting additional exploration and infill drilling at the high-grade, near-surface Tully gold deposit, located approximately 25 km to the north of Timmins. The company also holds a position in the Davidson-Tisdale deposit in Timmins, as well as other strategic lands to the west and south of Timmins, near current and past production.
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.
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.
SGX Resources Inc.
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