SFX Sphinx Resources Ltd

After many months of evaluating strategic alternatives to improve shareholder
value, Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX
VENTURE:SFX) has today entered into an amalgamation agreement (the "Agreement")
with Canadian junior gold explorer Golden Share Mining Corporation ("Golden
Share")(TSX VENTURE:GSH). The Corporation and Golden Share are collectively
referred to herein as the "Parties". 


Silvore Fox management believes the combination of the exploration assets owned
by the Parties, along with the technical skills and financial strength that
Silvore Fox's major shareholder, Beijing Donia Resources Co. Ltd. ("Beijing
Donia"), has committed to the development of these assets, will make the
combined entity much stronger than either of the companies would otherwise be on
their own. It is believed this should ultimately benefit the current
shareholders of both Silvore Fox and Golden Share. 


The Parties intend to finalize a transaction pursuant to which Silvore Fox and
Golden Share will merge into a new company ("Amalco") on the basis of one share
of Amalco for every five shares held of Golden Share and Silvore Fox,
respectively (herein, the "Transaction"). Each Party's board of directors has
approved the Transaction, and both Parties will request approval from their
respective shareholders' meetings currently expected to be held in mid-to-late
July, 2013. The Transaction also remains subject to the approval of the TSXV. 


The proposed new company, Amalco, would operate under the name Golden Share
Mining Corporation and its common shares will be listed on the TSXV. Amalco
would initially have four members on its Board of Directors. Two members will be
appointed by Silvore Fox; Chairperson Ge (Anna) Mao (currently Vice President of
Sinotech and General Manager of Beijing Donia) and Wenshan (Wilson) Zhang
(currently Chief Geologist of Beijing Donia), along with two members appointed
by Golden Share; Philippe Giaro (the current President of GSH) and Christian
Guilbaud (currently a board member of GSH). 


Mr. Philippe Giaro will head the new management team as President and Chief
Executive Officer, while Laurence Huss will assume the role of Vice-President
Exploration and Hua (Helen) Gao will become the Chief Financial Officer. Dr.
Jingbin Wang, Chairman of the Board of both Beijing Donia and its parent
company, Sinotech Mineral Exploration Co., Ltd., will join Amalco's Advisory
Board.


Silvore Fox's Senior Management Commented 

"We wish to thank our shareholders for their continued patience and support
during this difficult period for junior explorers. The entire Silvore Fox team
has been working diligently for many months to research and evaluate possible
merger or acquisition targets that have the potential to improve shareholder
value as the junior exploration market begins to recover. While we cannot
predict when that market will again turn positive we can assure our shareholders
that management is doing everything in its power to put Silvore Fox in a strong
position to take full advantage of that opportunity when it arises. We believe
this merger with Golden Share is a move that will do just that, for shareholders
of both companies." 


Dr. Wenshan Zhang 

Chairman, Interim President and CEO 

Silvore Fox Minerals Corp.

Lock-Up Agreement 

Silvore Fox has signed a Lock-Up Agreement with its major shareholder, Beijing
Donia that, among other things, requires Beijing Donia to vote all of its shares
in favour of the Transaction as outlined in the Agreement. GSH has similarly
signed a Lock-Up Agreement with its major shareholder, Lake Shore Gold Corp.
(TSX:LSG). 


About Golden Share Mining Corporation 

Golden Share Mining Corporation is a Canadian-based mining exploration company
developing a promising portfolio of properties in the greenstone belts of
eastern Canada, namely in the Val d'Or-Malartic, Red Lake and Shebandowan areas.
Lake Shore Gold Corp., a Canadian emerging gold producer, holds a strategic
27.2% interest in Golden Share which is led by a technically focused management
team strengthened by an experienced board of directors and a proven advisory
board including successful geologists Roy Corrans and Sethu Raman as well as
seasoned financier Anthony Frizelle. Golden Share's development strategy
involves advancing a well balanced portfolio of gold properties in a politically
stable environment with a history of gold endowment through systematic
exploration, resource definition and acquisitions. 


This press release contains "forward-looking information" within the meaning of
applicable securities laws relating to the intentions of the Corporation.
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
obtaining all necessary shareholder and regulatory approvals for the proposed
merger, the risk that anticipated management and board members may not be
available to participate in Amalco, the risk that funding for the company's
operations cannot be obtained, delays in obtaining or failures to obtain
required governmental, environmental or other project approvals, 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, shareholder support for the merger, 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.


United States Shareholders

The Transaction described in this news release relates to common shares of a
Canadian company. U.S. shareholders should be aware that the Transaction is
subject to the disclosure requirements of Canada, which are different from those
of the United States. The financial statements included or incorporated by
reference in documents relating to the Transaction have been prepared in
accordance with International Financial Reporting Standards accounting
principles, and may be subject to Canadian auditing and auditor independence
standards, and thus may not be comparable to financial statements of United
States companies.


The enforcement by shareholders of civil liabilities under the United States
federal securities laws may be affected adversely by the fact that Silvore Fox
Minerals Corp. is incorporated under the laws of Alberta and Golden Share Mining
Corporation is incorporated under the federal laws of Canada, most of their
respective officers and directors are residents of Canada and other foreign
countries, and some or all of their respective assets and the assets of their
respective officers and directors are located outside the United States. U.S.
shareholders may not be able to sue a Canadian company or its officers and
directors in a Canadian or other foreign court for violations of U.S. securities
laws, and it may be difficult to compel a Canadian company and its affiliates to
subject themselves to a U.S. court's judgment.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SFX Investor Relations
(905) 968-1154
ir@silvorefox.com

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