SPH.H Sphere Resources

Sphere Resources Inc. (the "Company"), NEX Board of the TSX Venture Exchange
(TSX VENTURE:SPH.H) is pleased to make the following announcement: 


The Company filed a technical report titled "Spartan Gold Ltd., Ziggurat Gold
Project, Nye County, Nevada, USA, NI 43-101 Updated Technical Report" with an
effective date of April 30, 2011 and an issue date of December 28, 2011 (the
"Technical Report") on SEDAR on January 11, 2012. The Technical Report was
prepared for Spartan Gold Ltd. ("Spartan"), which became a majority-owned
subsidiary of the Company in October 2011, and was prepared by a qualified
person, Allen David V. Heyl, C.P.G. 


The Ziggurat project comprises one contiguous claim block totalling 343
unpatented claims covering approximately 3,118.2 hectares (6,860 acres). The
project is located 92.8 kilometres (58 miles) north-northeast of Tonopah and
22.4 kilometres (14 miles) north-northeast of Round Mountain, along the western
flank of the Toquima Range bordering the Big Smokey Valley, within the
Northumberland mining district, Nye County, Nevada, USA. Spartan controls the
Ziggurat project through claim staking and all claims have been filed with the
Nye County Recorder and the Bureau of Land Management (BLM).


The project is situated along the Round Mountain-Northumberland Trend in
northern Nye County. The Round Mountain-Northumberland Trend is an Oligocene to
Miocene age structural zone which hosts multiple, diverse types of precious
metal deposits and is controlled by high angle northwest-trending faults in the
limestone that preferentially host local high grade gold mineralization which
reportedly has a combined mineral endowment of over 20 million ounces of gold
including Kinross/Barrick's Round Mountain and Gold Hill mines and Newmont's
Northumberland Mine. Reports of recent exploration at the Northumberland mine
indicate that the mineralized sedimentary host rocks and geologic setting are
similar to those of the Ziggurat property.


In 2011 to date, Spartan conducted the expansion of the Ziggurat claim block
from 35 to 343 claims and completed ground magnetics, a gravity survey and
additional geological mapping and outcrop sampling. The gravity and magnetic
geophysical surveys have identified an oval-shaped high centred in the project
that is elongated east-west. Linear gravity gradients bound the gravity high
suggesting structural faceting along a number of horst bounding faults. Similar
gravity highs have reportedly been successfully targeted by others for Carlin
type gold deposits in northern Nevada.


Spartan will continue to advance the current work on the Ziggurat property. The
geophysics program is planned to advance to IP/Resistivity surveys to find
sulfide mineralization and silicification at depth. Geochemical surveys will be
more extensive and sample existing outcrops with the idea of using trace element
zonation for targeting. The property will continue to be geologically mapped to
create mineralization models for anticipated drilling. 


Further to the amended option and mining claims acquisition agreement among the
Company, Spartan and Mexivada Mining Corporation ("Mexivada") effective March
28, 2011 (the "Ziggurat Option Agreement") in respect of the Ziggurat property
(see the Company's press release of April 1, 2011), the Company has entered into
an Agreement for Grant of NSR Production Royalty effective December 22, 2011
with Spartan and Mexivada to clarify various provisions of the Ziggurat Option
Agreement (as well as the existing option agreement among the parties in respect
of the Poker Flats property in Nevada referred to in the same news release) to
better reflect the commercial understanding of the agreements, including
reference to the Spartan's grant to the Company of a two and one-half percent
(2.5%) net smelter returns (NSR) Production Royalty on the mineral products that
are produced from the Ziggurat property if and when there is production from the
property.


About Sphere Resources Inc: 

Sphere Resources Inc. is focused on identifying and appropriating exploration
targets and other high quality assets in major global mining camps with a
particular emphasis on precious metals. It is currently involved in exploring
for gold mineralization in the Red Lake District of Ontario and the Carlin Gold
Trend, Nevada.


About Spartan Gold Ltd:

Spartan Gold Ltd. is a publicly traded U.S. based junior gold exploration and
mining company that is currently pursuing opportunities in the Carlin Gold
Trend, Nevada. The directors, management and advisers of Spartan Gold have over
90 years of combined experience in the exploration and development of global
mining projects. 


Spartan's reported commitment to asset growth and increased shareholder value is
expected to be sustained by the development of highly prospective projects,
accelerated exploration activities and the acquisition of viable resources.
Spartan has selected an international board of directors experienced in
undertaking exploration, development and funding of numerous energy and minerals
projects around the world. The company is currently exploring additional
acquisition opportunities. 


On behalf of Sphere Resources Inc

Malcolm L Stevens, Executive Chairman and President 

Statements in this press release other than purely historical information,
including statements relating to the Company's and Spartan's future plans and
objectives or expected results, constitute forward-looking statements.
Forward-looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties inherent in the Company's and Spartan's
business, including risks inherent in mineral exploration and development and
necessary financing. As a result, actual results may vary materially from those
described in the forward-looking statements.

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