Update on Merger with Polymetals - Notice of Meeting

Western Areas NL Nickel Joint Venture
In August 2011, SXG entered into an agreement with Western Areas NL whereby Western Areas acquired
70% of SXG’s nickel rights across a substantial portion of the Company’s tenements package. Western
Areas acquired this interest for a cash consideration of $1.5 million. The agreement also requires a
minimum funding commitment of $1 million on nickel sulphide exploration during the first year following
completion of the agreement, $250,000 minimum annual expenditure commitments to year five and
$300,000 thereafter.
SXG stated that it undertook this venture so that it could focus on the development of the Marda Gold
Project, but still have the potential to gain from any findings through its remaining 30% interest.
Further, and more detailed, information on SXG’s projects may be found in Appendix 4.
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