Sphinx Resources Ltd. in the creation of a new gold exploration company, Québec Precious Metals Corporation, and strategic investment by Goldcorp in such company

On June 28, 2018, Sphinx Resources Ltd, Canada Strategic Metals Inc., and Matamec Explorations Inc. jointly announced that Canada Strategic and Matamec have closed the agreement to create a new James Bay-focused gold exploration company to be named Québec Precious Metals Corporation (“QPM”). As a condition to the successful creation of QPM, Canada Strategic will acquire Sphinx’s three gold exploration properties by way of an asset purchase, including the 50% interest of Sphinx in the Cheechoo-Éléonore Trend project and will also acquire the 50% interest in such project held by Sirios Resources Inc.

Sphinx Resources Ltd. is an exploration company that focuses on the development of mineral exploration projects in Québec.

Osler, Hoskin & Harcourt LLP represented Sphinx Resources with a team consisting of Eric Levy, Hugo-Pierre Gagnon, Jeremy Brisset, and Matthew Oliver (Corporate & Securities).