SPH.H Sphere Resources

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


Red Lake, Ontario

At its Dome Property in Red Lake, Ontario the Company, as the operator of the
project, and Duncan Park Holdings Corp. (TSX VENTURE:DPH) as optionee have
completed construction of the ice roads and ice pads on Red Lake and have
commenced with its 2012 winter drill program.


The proposed minimum 3 hole 1,400 metre drill program will test for further gold
mineralization along strike of the 1.3 km mineralized system discovered in last
summer's drill program as announced in the Company's press release of November
14, 2011 available on our website at
http://www.sphereresources.com/file_list.php. The drill program will also test
for gold mineralization where the company believes the northwest trending
Chukuni River deformation zone and the northeast trending Madsen deformation
zone structural trends intersect.


Malcolm Stevens, executive chairman of Sphere Resources Inc. commented, "It is
very pleasing to see our plans and the 2012 winter drill program come to
fruition. The intersection of the structural trends has never been drilled
before. The intersection of these two proposed major structures may have acted
as a conduit for a mineral plumbing system allowing for gold deposition".


Carlin Trend, Nevada

In Nevada, USA the Company is encouraged by significant drill results announced
on February 22, 2012 by Gold Standard Ventures at its Railroad property which is
adjacent to our Poker Flats property. Gold Standard Ventures' Hole RR11-16
intersected 56.4m of 4.26g/tonne gold from 169.2m to 225.6m. This mineralization
at depth could be accessible by open pit. The Company and its partner Spartan
Gold Ltd, (OTCBB:SPAG) have an undivided 75% interest in the Poker Flats
property. The Company also has a 2.5% NSR royalty on the property.


Mr. Stevens comments, "News of Gold Standard Ventures new discovery a stone
throw's away from our Poker Flats property boundary is so encouraging that we
have made the area our number one priority for drilling. In my career this may
be the highest gold grade open pit discovery I ever heard about".


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 in Nevada, USA
on the Carlin Trend.


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 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 business, including risks inherent
in mineral exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.

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