Sphinx Resources Ltd. announced the appointment of Daniel Deschambault as President, effective immediately. He is also President as well as Director being appointed a Director. Jeremie Ryan has resigned as President as well as Director, but will remains available for the transition process. Mr. Deschambault is a member of the Chartered Public Accountants for 35 years and was a Certification Partner for 22 years for a major Canadian firm. He has acquired good experience in the mining field and more particularly in mineral exploration and also participated in mergers and acquisitions and sale of companies. Sphinx will continue to evaluate any business opportunities that could improve the return for its shareholders.