Sphinx Resources Ltd. (TSXV:SFX) announces assay results from its spring drilling campaign on its 100% owned Green Palladium project (GPd), located in the Pontiac MRC in southwestern Quebec. Results from nine (9) of ten (10) drill holes support palladium-platinum mineralization (collectively PGE) with associated gold and copper mineralization. This mineralization is hosted within, or proximal to, a distinct meta-pyroxenite layer (marker horizon) within the Obwondiag layered igneous complex that intrudes sulphide-bearing dolomitic marbles and meta-volcanic rocks. Table 1 summarizes results and attachedTable 2lists all drill hole information and assayed intervals.

Table 1: Drill hole information and results summary.

Hole

Name

Number

 From

(m)

 To

(m)

 Mineralized

inter-cept

(m)

 Pd

(g/t)

 Pt

(g/t)

 Au

(g/t)

 Pd+Pt+Au

(g/t)

 Cu

%

 Ni

%
GPd-17-11 26.50 29.00 2.50 0.10 0.03 0.02 0.15 0.21 0.02
Inc. 27.50 28.00 0.50 0.22 0.06 0.04 0.32 0.43 0.04
GPd-17-12 28.20 31.33 3.13 0.02 0.01 0.01 0.04 0.08 Nil
Inc. 28.63 28.80 0.17 0.05 0.01 0.02 0.08 0.53 Nil
GPd-17-13 46.80 47.40 0.60 0.07 0.02 0.02 0.11 0.11 0.02
GPd-17-14 35.00 38.47 3.47 0.03 0.01 0.01 0.05 0.04 Nil
Inc. 37.41 38.47 1.06 0.07 0.02 0.01 0.10 0.05 0.01
GPd-17-15 54.75 57.25 2.50 0.28 0.04 0.02 0.34 0.47 0.05
Inc. 55.58 56.43 0.85 0.61 0.06 0.04 0.71 1.20 0.13
GPd-17-16 53.95 54.47 0.52 0.30 0.03 0.05 0.38 0.52 0.05
59.11 60.70 1.59 0.22 0.04 0.01 0.27 0.17 0.05
Inc. 59.60 59.93 0.33 0.55 0.05 0.03 0.63 0.04 0.01
70.64 71.68 1.04 0.04 Nil Nil 0.04 0.20 0.01
GPd-17-17 66.20 74.13 7.93 0.29 0.03 0.03 0.35 0.45 0.07
Inc. 66.20 69.00 2.80 0.54 0.04 0.03 0.61 0.73 0.14
Inc. 73.75 74.13 0.38 0.60 0.02 0.14 0.76 1.51 0.60

Pd+Pt+Au = Total PGE. See Table 2 for true widths.

The program was designed to test surface geochemical anomalies, new targets developed from the heliborne survey completed in 2016 and from geological interpretation of previous drill