Montreal - Sphinx Resources ltee ('Sphinx') (TSX-V: SFX) announces that, as indicated on the notice of meeting dated August 27, 2020, it will hold its 2020 annual meeting of shareholders (the 'Meeting') on September 29, 2020 at 11:00 a.m. (Eastern Time) in virtual format due to continued public health concerns related to the COVID-19 pandemic.

Sphinx will therefore welcome all registered shareholders and duly appointed proxyholders who wish to participate in the Meeting to do so online by joining the live webcast available at the following address: https://www.issuerdirect.com/virtual-event/sfx

About Sphinx

Sphinx is a mining exploration company that focuses its activities in southwestern Quebec in search of deposits of precious metals (gold, silver, palladium and platinum,) and base metals (copper, zinc and lead). The Company is particularly active in the MRC Pontiac, where its President and CEO resides. It benefits from a large local shareholder base which contributes to social acceptability.

Contact:

Jeremie Ryan

Tel: 819.664.2632

Email: info@sphinxresources.ca

Web: www.sphinxresources.ca

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual activities and results to differ materially from expected and planned activities. These risks and uncertainties include those described in Sphinx's periodic reports, including the annual report, or documents that Sphinx files from time to time with securities regulatory authorities.

All forward-looking statements that appear in this press release are as of the date hereof. Sphinx does not undertake to update forward-looking statements as a result of new information, future events or for any other reason, except as required by law.

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