Sphinx Resources Ltd. announced the results of the 2016 exploration program carried out on the Chemin Troïlus project. The presence of anomalous counts of morphologically pristine gold grains in till samples collected at the head of a gold-bearing boulder dispersal train suggest a proximal common source in an area of 1.2 by 1.0 km up-ice of the head of a boulders dispersal train. The discovery of the Troïlus Mine located 25 km north-east of the Project was also the result of follow-up prospecting of mineralized boulders. The mine was previously operated by Inmet Mining Corporation from 1997 to 2010 and produced more than 2 million ounces of gold and 70,000 tonnes of copper. The Troïlus Mine is currently held by Sulliden Mining Capital Inc. ("Sulliden") who have released a recent, indicated mineral resource estimate of 44 million tonnes containing 1.27 g/t Au and 0.12% Cu. The mineralization hosted at the Troïlus Mine is not necessarily indicative of the mineralization hosted on the Corporation's Project. The Project is located at the southwest end of a gold-copper corridor trending north-east. This corridor is located at the northern limit of the Frotet-Evans greenstone belt, in the Opatica geological subprovince of the Superior Province and includes the Troïlus Mine. The Project consists of 61 claims (33.2 km2). It is located 110 km north-north-west of the town of Chibougamau along existing road access to the Troïlus Mine and therefore exploration can be carried out at a low cost. Till samples weighing about 12 kg were collected at a depth of about 1.2 meters. The samples are from the following areas: 13 samples in the immediate area of the mineralized boulders taken at a maximum distance of 300 m northeast of the boulders and with a sample spacing of less than 100 meters; 16 samples on lines 500 m and 1,200 m northeast of the mineralized boulders with a sample spacing at approximately 300 m intervals on lines spaced 500 to 800 m apart and oriented perpendicular to the direction of glacial transport; 10 samples along the Troïlus Mine road in the northeast area of the Project, 3 km northeast of the boulder train with a spacing of approximately 300 meters; and 8 samples in other lateral areas to the dispersion train of the mineralized boulders.