Sphinx Resources Ltd. (TSXV:SFX) acquired Calumet-Nord project in MRC Pontiac, Quebec on July 7, 2020. In consideration Sphinx will issue 7,500,000 common shares of Sphinx, and 1% NSR subject to a buyback option in favor of Sphinx for CAD 1,000,000. The buyback option will be indexed for cost of living starting January 1, 2022. Pursuant to the June 14, 2019, option agreement, Resources Tranchemontagne Inc., retains a 1% net smelter return royalty which can be bought back by the Sphinx Resources Ltd. at any time in exchange of CAD 1 million cash payment. Transaction is subject to the approval by the TSX Venture Exchange. Sphinx Resources Ltd. (TSXV:SFX) completed the acquisition of Calumet-Nord project in MRC Pontiac, Quebec for CAD 0.15 million on July 7, 2020.