SGX Resources Inc. Announces Appointment of Two New Directors

09 Nov 2011 19:07 ET

CNW Group

Mr. Dale Ginn, CEO and President of SGX Resources Inc. (the "Corporation"), a company listed on the TSX Venture Exchange under the symbol "SXR", is pleased to announce that Mr. George Pirie and Mr. William Ferreira have been appointed as directors of the Corporation effective today.

Mr. Pirie currently serves as Chief Executive Officer and as a director of San Gold Corporation. Mr. Pirie has over 30 years experience in senior management roles within the mining industry, specifically related to underground gold and base metal companies. Mr. Pirie's career began in Timmins, Ontario with Noranda's Pamour Porcupine Mines, joining with Dome Mines in 1985 to begin an impressive 20 year career with Placer Dome Canada. Various senior positions were held during this period including chief financial officer with Placer Dome North America and Placer Dome Canada, culminating as president and chief executive officer of Placer Dome Canada, as well as Executive Vice-President of Placer Dome Inc., responsible for Canadian operations which included Red Lake, Timmins and Musselwhite. Mr. Pirie has also held the president and chief executive positions at Breakwater Resources and Northern Star Mining and has served on a number of boards including the Mining Association of Canada, Ontario Mining Association, the Ontario Mineral Industry Cluster Council and Mirarco.

Mr. Ferreira, M. Sc., P.Geo., is a geologist with over 25 years experience in gold, base metal and diamond exploration. Mr. Ferreira previously worked with Noranda Exploration Company Limited, Esso Minerals Canada, Falconbridge Limited, Granges Exploration Company Limited, Canmine Resources Corporation and San Gold Corporation. Mr. Ferreira owns W. S. Ferreira Ltd., a company that explores for minerals in Manitoba and is currently San Gold's Exploration Manager. Mr. Ferreira played an important role in the discovery of the Hinge, Cohiba and 007 Gold Mines that are currently being mined by San Gold Corporation.

Dale Ginn, CEO commented on the appointments, "We are very excited to have George and Bill join the SGX team and look forward to our growing and developing our Timmins area projects together just as we have done in the Rice Lake Belt in Manitoba. George's extensive knowledge of the Timmins camp and Bill's obvious expertise in gold exploration will no doubt be a positive influence for us and our shareholders."

In addition, Mr. Pirie has been granted 200,000 options to purchase common shares of the Corporation at a price of $0.235 per share for a period of five years from the date of issuance. The options were issued pursuant to the Corporation's stock option plan.

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.

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SOURCE: SGX Resources Inc.