Sphinx Resources Ltd. December 2015 · Sphinx Resources Ltd. December 2015 . 1 ... This corporate presentation may ... Corporate secretary of the corporation and Chief Legal Officer

Sphinx Resources Ltd. December 2015

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Forward-Looking Statements

This corporate presentation may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx’s periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities. The technical information contained in this presentation has been reviewed and approved by Normand Champigny, ing., President and CEO of Sphinx, qualified person for the purposes of National Instrument 43-101.

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Strategy

Sphinx is an exploration company focused on the development of mineral exploration projects in Québec and on performing multiple acquisitions. Committed to a leading standard of practice with respect to health, safety, community relations and environmental management. Growth in Québec with focus on high-grade PGE-Ni-Cu targets.

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Summary

▲Share structure: 45.4 millions shares issued. 71.2 millions fully diluted. Institutions: 29%. Management, board & advisory committee: 15%. 70 shareholders represent 88% of shares outstanding.

▲Milestones in 2015:

Acquired 3 new projects. Drilled 3,500 m on 3 projects with expenditures of $0.9 M. Discovered significant Ni-Cu-PGE mineralization on 2 projects.

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Team

Normand Champigny, M.A.Sc., ing. - President , Chief Executive Officer & Director 34 years of experience in exploration and management in Canada and internationally.

John Hick, BA, LL.B. - Chairman of the Board More than 30 years of experience in the mining industry in management positions and as

independent director.

Kerry Sparkes, M.Sc. - Director 25 years of experience in the mining industry as an exploration geologist and executive. Key person involved in the exploration, delineation and development of both the

Voisey’s Bay nickel and the Rainy River gold deposits.

Michel Gauthier, Ph.D. - Director 44 years of experience. Professor of mineral prospecting at l’Université du Québec in Montréal. Co-baptized a gold prospect, named Éléonore, in the James Bay region.

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David Johnson, B.C.L., LL.B. - Director 12 years of experience in business and corporate law. Corporate secretary of the corporation and Chief Legal Officer of Colt

Resources. Ingrid Martin, CPA, CA - Chief Financial Officer & Director 24 years of experience in finance and company acquisitions including

several mining and exploration companies in Québec. Robin N. Adair, M.Sc. (géo., P. Geol.) - Advisory Committee 32 years of experience including 25 years with Noranda and Falconbridge. Participated to the discovery of the Bracemac-McLeod zinc-copper mine.

Team (cont.)

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Overview

Development of exploration projects in Quebec: Acquisitions from Amixam & Gardin (100% Sphinx)

Green Palladium: palladium-platinum-copper. Calumet-Sud: zinc, palladium-platinum-copper.

Acquisitions from Virginia Mines, Royal Nickel & Globex (100% Sphinx)

Somanike: nickel, copper and platinum-group elements.

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High-grade palladium and copper discovered. Hosted in a previously unidentified layered igneous complex covering 15 km. New and untested PGE magmatic reef with a potential extent of 11 km.

2015: Ground mag, EM

and IP surveys. 9 holes drilled, 962 m.

Green Palladium Project

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Located in the Pontiac Regional County municipality in southern Québec. Exploration and mining friendly region.

Excellent infrastructure.

Potential for: Magmatic PGE. Magmatic Ni-Cu-PGE. Carbonate-hosted zinc. Gold-rich VMS.

Sphinx property 137 km2

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Green Palladium:

100% owned.

2% NSR to Amixam. $750,000 expenditures over 3 years.

Calumet-Sud:

100% owned.

2% NSR to Amixam. $350,000 expenditures over 3 years. Cash $93,000.

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Projet Green Palladium Geology

Obwondiag Layered Igneous complex

Calumet Mine 3.8 Mt at 5.8% Zn, 1.6% Pb, 65 g/t Ag, 0.4 g/t Au

Zinc Discovery 5.4% Zn over 2 m

Pd + Pt + Au Discovery 3.45 g/t Pd+Pt+Au / 0.40m, and 1.25 g/t Pd+Pt+Au / 1.50m.

Obwondiag layered complex discovered. PGE associated with a sulphide-bearing reef horizon. Poorly mapped igneous rocks. Carbonate-hosted zinc.

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Calumet Mine 3.8 Mt at 5.8% Zn, 1.6% Pb, 65 g/t Ag, 0.4 g/t Au

Pd + Pt + Au Discovery 3.45 g/t Pd+Pt+Au / 0.40 m 1.25 g/t Pd+Pt+Au / 1.50 m

Zinc Discovery 5.4% Zn over 2 m

Obwondiag layered igneous complex - Newly discovered.

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11 km of reef at surface.

Untested.

Potentially larger complex.

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Cloudy Disseminated Cpy

Mingling textures Pyroxenite in gabbro

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Chemistry

surface

Anomalous PGE

trend over 719 m

Defined by:

IP

Mag

Stratigraphy

DDH 1 3.45 g/t Pd+Pt+Au over 0.4 m

Trench channel 1.25 g/t Pd+Pt+Au over 1.5 m





Composite Assays

Green Palladium Project Drill section

16 Section 0E (Looking NE)

3.45 g/t Pd+Pt+Au over 0.4 m



200 Elev.

SL

100 Elev.

Au zone

Green Palladium Project 3D Modeling

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Palladium-copper mineralization

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Sample MB250414-01 3.2 g/t Pd, 3.2% Cu, 0.18% Ni, 84 ppb Pt, 143 ppb Au

Magmatic palladium-bearing sulphides

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PGE in layered complexes

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4,210,000,000t @ 6.21 g/t PGE

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Platinum Group Elements

Higher demand for PGM due to: • expanding automotive production, • more stringent governmental emission regulations.

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S o u r c e : S t i l l w a t e r M i n i n g C o m p a n y w e b s i t e

Pa l lad ium: def ic i t dr iven by subst i tu t ion of pa l lad ium for p la t inum in gasol ine & d iese l cata lyt ic conver ter appl icat ions

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Somanike Project

Acquisition from: Virginia/Royal Nickel/Globex, 47 km2 (100% owned).

Includes former Marbridge mine: 0.7 Mt @ 2.3% Ni, 0.1% Cu.

2015 drilling: 1.41% Ni, 0.05% Cu, 0.30 g/t Pd & 0.04 g/t Pt @ 0.5 m. Untested priority drill targets identified 14 km of cumulative length over 10 distinct conductors.

Cooperation agreement with Abitibiwinni first nation/Pikogan.

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Somanike Project

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Somanike Marbridge Deposit

No environmental legacy. Strong community support and understanding of mining. No agriculture over project area.

first production Marbridge Mine, 1962

Past Producer

Marbridge Mine 1

Mine 2

Sphinx property

Somanike - Geology

2014 airborne survey identified abundant and previously unknown ultramafic rocks. Both feeder-dykes (Raglan type) and komatiite (Kambalda type). Ni-Cu potential demonstrated by the recent nickel discovery by Sphinx in 2015. Marbridge Mine: high-grade nickel with strong potential for discoveries.

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Somanike Marbridge Mine

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Somanike Marbridge Geology

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Somanike Marbridge Long Section

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2015 Value drivers

Green Palladium Project (100% Sphinx, acquired from Amixam and Gardin)

Project-scale drone mag-spectral and geochemical soil surveys. Drilling palladium reef and zinc targets.

Somanike Project (100% Sphinx, acquired from Virginia Mines, Royal Nickel and Globex)

Drilling on selected targets.

Continue to review project acquisition opportunities.

Sphinx Resources Ltd. 1 Place Ville Marie, Suite 2001

Montreal, QC H3B 2C4 T: 1 514 286-1565

Documents

Sphinx Resources Ltd. December 2015 · Sphinx Resources Ltd. December 2015 . 1 ... This corporate presentation may ... Corporate secretary of the corporation and Chief Legal Officer