For Immediate Release Sphere Resources Suspension from Trading

VANCOUVER, BRITISH COLUMBIA, May 21 2014 - Sphere Resources Inc. ("the Company"), listed on the NEX Board of the TSX Venture Exchange (NEX - SPH.H), announces suspension of trading as a result of Cease Trade Order ("CTO") issued by the British Columbia Securities Commission ("BCSC") on May 8, 2014 for late filing of year end December 31, 2013 Financial Statements and MD&A.
The Company lodged its Financial Statements and MD&A on SEDAR on Friday May 16, 2014. The BCSC advised the Company of the revocation of the CTO on May 20, 2014.The Company will now make a Reinstatement Application to the TSX Venture Exchange for resumption of trading of the Company's shares.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Sphere Resources Inc Malcolm L Stevens Phone: +16232077784
mstevens@sphereresources.com
www.sphereresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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