SFX Sphinx Resources Ltd

Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX VENTURE:SFX)
announces the release of an NI 43-101 Report for the Chile properties to be
acquired from Sinotech Chile as originally announced January 9, 2012.  


Sinotech Mineral Exploration Co. Ltd of China is the parent company of Beijing
Donia Resources Co. Ltd. ("Beijing Donia"), the largest single shareholder of
Silvore Fox with approximately 30% of the outstanding shares of the Corporation,
and is also the parent company of Sinotech Mineral Exploration Chile Limitada
("Sinotech Chile"). 


The NI 43-101 report, prepared by Roscoe Postle Associates Inc (RPA) and dated
January 10, 2012, is now available on the Silvore Fox website and on SEDAR. 


To the Corporation's knowledge the first drill hole ever conducted on the
properties was the test hole announced December 6, 2011 on the Totoral property,
which had values within the mineralized portions ranging from 0.07 to 2.16%
copper and 0.11 to 4.73g/t gold. 


One zone of 9.4 meters from 147.4m to 156.8m graded 0.84 g/t gold and 0.35%
copper and represents three distinct mineralized portions including narrow waste
bands. The higher grade central core of this vein system from 150.4m to 153.25m
graded 0.90% copper and 2.28g/t gold over 2.85 meters.  


The second zone from 65.35 to 66.75m graded 1.49% copper and 1.3 g/t gold over
the 1.4m. 


Excerpts from the NI 43-101 Report 



--  RPA is of the opinion that the Totoral and Harvest properties are early
    stage exploration projects with the potential to host significant
    mineralization and warrant a continued, systematic exploration effort.
    Exploration should be focused on the identification of areas hosting
    sheeted veining in order to increase the potential for lower cost open
    pit mining methods. 
    
--  RPA provided a recommended initial two-phase exploration budget of
    approximately $3.9 million in total for the two properties. 
    
--  Sinotech Chile (the Vendor) has completed (on both properties) property-
    wide geological mapping and ground magnetic and geochemical surveys, as
    well as IP surveying locally. 
    
--  Sinotech Chile has recognized two groups of veins on the Totoral
    property. A total of 10 individual veins have been identified, one of
    which is auriferous (gold bearing) while the other nine are gold-copper
    bearing. 
    
    --  In Sinotech Chile's classification, the No. 4 vein is an auriferous
        (gold bearing) vein which strikes north- northeasterly and dips
        towards the east at 75 degrees to 80 degrees. It has been traced
        for 517 meters along strike and varies in width from two meters to
        five meters. Yang and Shoulin (2011a) report gold grades ranging
        from 2.45 g/t gold to 3.34 g/t gold based on limited grab sampling. 
        
    --  Veins No. 1, No. 2, No. 3, No. 5, and No. 8 are copper +/- gold
        bearing veins which generally strike north to northeast and dip
        steeply either to the east or west. Individual veins have been
        traced for up to 2,200 meters and generally vary in thickness from
        two meters to five meters. Mineralization is commonly related to
        silicification and carbonatization and consists typically of
        malachite, chrysocolla, and locally covellite. 
        
    --  Li and Zhang (2011a) identified two chargeability anomalies on
        profile L1, one of which corresponds to known veining. On profile
        L2, four chargeability anomalies were identified, the westernmost of
        which corresponds to a known vein. 
        
--  Sinotech Chile has recognized eight copper-gold veins on the Harvest
    property. 
    
    --  The veins typically strike from north-northwest to north-northeast
        and have been traced from 300 m to 2,800 m along strike. Veins
        widths are generally in the one metre to two-metre range.
        Silicification is the dominant alteration with lesser
        chloritization, epidotization, and carbonatization. Mineralization
        consists primarily of malachite and lesser pyrite. Based on Sinotech
        Chile's grab sampling, gold grades are typically less than 1 g/t Au,
        but values as high as 1.96 g/t Au have been recorded. Copper grades
        are typically less than 1% Cu, but values as high as 1.54% Cu have
        been recorded. 



Silvore Fox President Harold Cabrita reports: 

"Silvore Fox is pleased to showcase this NI 43-101 technical report on our
website so that our existing and potential shareholders may now see some of the
data that has our team so excited about the prospects for successful mineral
exploration at the Chilean properties. Regulatory approval of the acquisition
transaction is expected shortly after submission of the valuation and NI 43-101
reports.


Upon receipt of the necessary drilling permits, Golden Fox Resources SpA and
Golden Eagle SpA, the Chilean corporations holding the rights to Totoral and
Harvest, will begin drilling the targets identified to date and to plan further
drill programs to run throughout 2012.


Sinotech Chile agreed to a reduced purchase price in exchange for a Net Smelter
Royalty position in the final agreement signed with Silvore Fox to purchase
these properties (as announced January 9, 2012). This demonstrates the faith
that Sinotech has in the properties and in the management of Golden Fox and
Golden Eagle to conduct an effective exploration program in the region."


Dr. Shoulin Zhang, the man responsible for discovering and staking these
properties for Sinotech Chile, is a co-founding director of Golden Fox and
Golden Eagle. Silvore Fox believes his local experience and knowledge will help
the Chilean operations run smoothly. Dr. Zhang has a six-year history in Chile
as the General Manager of Sinotech Chile and, with their blessing, has agreed to
be the General Manager of both Golden Eagle and Golden Fox. Dr. Zhang received
his Masters degree from Peking University and his Doctorate degree from the
China University of Geosciences. He has a comprehensive understanding of
geological rules of mineralization in Chile, investment policies and operation
patterns of the local mineral industry, as well as the country's legal and
regulatory framework.


The new General Manager of Sinotech Chile, Mr. Xiaoming Peng, has also joined
the board of directors of Golden Eagle and Golden Fox. 


Silvore Fox President & CEO, Harold Cabrita, will serve as Chairman of the Board
for both Golden Eagle and Golden Fox.


Ian Chisholm, PEng, a qualified person as defined by National Instrument 43-101,
has reviewed and approved the technical information contained in this news
release.


About Silvore Fox Minerals Corp. 

Silvore Fox Minerals Corp. is a Canadian public mineral exploration company
based in Toronto. We are focused on developing the base and precious metal
exploration projects within our diversified portfolio of properties. 


Harry Cabrita 

President and CEO

Dr. Jingbin Wang 

Chairman

This press release contains "forward-looking information" within the meaning of
applicable securities laws relating to the intention of the Corporation to close
the acquisition for the two properties in Chile, obtain permits, and begin
exploration activities on the properties being discussed. Readers are cautioned
not to place undue reliance on the forward-looking information. Actual results
and developments may differ materially from those contemplated by this
forward-looking information. Such forward-looking information is based on
current expectations that involve a number of known and unknown risks and
uncertainties that may cause actual results to differ materially from those
expressed or implied by the forward-looking information. Factors that could
cause actual results to differ materially from any forward-looking information
include, but are not limited to, the risks of closing a deal on the Chile
properties, the risk of capital and operating costs varying significantly from
estimates, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, inflation, delays in the development
of projects, uncertainties relating to the interpretation of the geology, and
unanticipated operational or technical difficulties and other factors. Such
forward-looking information is based on a number of assumptions, including but
not limited to, the availability of skilled labour, availability of equipment,
and future capital and operating costs. Should one or more risks and
uncertainties materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied in the
forward-looking information and accordingly, readers are cautioned not to place
undue reliance on this forward-looking information. The Corporation does not
assume the obligation to revise or update this forward-looking information after
the date of this announcement or to revise such information to reflect the
occurrence of future unanticipated events, except as may be required under
applicable securities laws.

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