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
announcement:


Spartan Gold Ltd. ("Spartan") (OTCBB:SPAG), a subsidiary of the Company, has
completed a gravity survey and interpretation on its Poker Flats property
located in the Carlin Gold Trend, Elko County, Nevada, USA. Interpretation of
the survey indicates that the property contains two gravity anomalies indicative
of the presence of shallow premineral bedrock units which typically host
disseminated and high grade gold mineralization in the South Carlin Gold
District. The broad gravity anomalies also partially correspond with an earlier
positive magnetic anomaly, which is interpreted to indicate a buried intrusive
complex similar to the nearby Bullion Mining District. One of the two gold
targets identified by Spartan lies along the primary north-south mineral
structure and two kilometres directly south of the recently permitted Emigrant
Gold Mine of Newmont Mining Corp (Newmont). The second target is located
directly east of and adjacent to the recent "Railroad" discovery of Gold
Standard Ventures (Gold Standard). Newmont has announced a contained gold
resource of 1.6 million ounces at the Emigrant Mine. Gold Standard has made
numerous releases regarding positive drilling results at their Railroad Project
including: 25.9 meters grading 2.74 grams/ton Au from 100.6 to 126.5 meters
depth in drill hole RR10-9, and 56.4 meters grading 4.26 grams/ton Au from 169.2
to 225.6 meters depth in drill hole RR11-16.


Gravity and Magnetic surveys have proven essential in providing premineral
bedrock information in the Carlin Trend. In addition to providing relative depth
to favourable host rocks, the gravity and magnetic results also highlight
apparent geological fault structures which act as conduits for gold
mineralization and often host higher grade mineralization. Utilized in
combination with geological mapping and structural projections, geophysical
surveys have provided a substantial tool in the search for concealed mineral
deposits.


The combined geophysical anomalies of Spartan's Poker Flats Project and the
adjacent Railroad Project of Gold Standard encompass an area greater than the
nearby Rain Mine Area of Newmont and Premier Gold Mines, which hosts the Rain
Mine, Emigrant, Saddle and Tess deposits, with existing and mined gold resources
of greater than 5.6 million ounces.


A regional map of the Carlin Trend with four gold bearing districts showing the
newest Railroad Bullion district which mostly encompasses Gold Standard Ventures
Railroad property and Spartan Gold's Poker Flats property can be found on Sphere
Resources website by clicking on this link:
http://www.sphereresources.com/show_info.php?page_id=24.


The Company is also pleased to announce that its subsidiary, Spartan Gold Ltd.,
on March 21 and 22 and again on April 3 and 4 made exploration and development
presentations arranged by its advisers to high net worth investors and
investment institutions in New York, NY and Boston, MA, USA. 


Spartan Gold Ltd. has an option to earn up to 75% of the Poker Flats property
from Mexivada Mining Corp (TSX VENTURE:MNV).


Malcolm Stevens, Executive Chairman of Sphere Resources Inc. commented "We are
very pleased to have these potential open pittable gold targets on the Poker
Flats property, which we plan on drilling in the third quarter of 2012. A great
majority of the gold found in the Carlin Trend has been located on and around
the flanks of similar gravity and magnetic anomalies. These individual resource
discoveries have ranged from less than 1 million ounces to greater than 20
million ounces of contained gold." 


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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