SGX Resources 768,058-unit private placement

SGX Resources Inc.                         SXR
Share Issued: 52,911,121                         Jan 04 Close 0.28
Jan 05 2011                          Private Placement

WINNIPEG, Jan. 6 /CNW/ - The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Dec. 1, 2010 and Dec. 30, 2010.

Shares:      768,050 units, with each unit comprising nine flow-through common shares and one non-flow-through common share.
Purchase Price:      $3.50 per unit
Warrants:      3,990,250 share purchase warrants to purchase 3,990,250 shares
Warrant exercise Price:      45 cents until July 20, 2012
Hidden placees:      76
Insider:      Hugh Wynne 2,485,720 common shares
$14,963 cash payable to CIBC Wood Gundy; $41,514 cash payable to Bill McCulloch;
Finders' fees:      $7,056 cash payable to Jory Capital Inc.; $4,902 cash payable to MGI Securities Inc.

SOURCE SGX Resources Inc.

For further information:

Hubert Benjamin Arthur (Ben); McCutcheon James Wallace; Power Michael E; Wynne Hugh
Address: 646 Erin Street, Winnipeg, Mb. R3G 2V9
Phone: 204 774 6771                  Fax: 204 774 6795

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SGX Resources Inc.

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