Drilling to Start-5 Year Permit Received

SEGO RESOURCES INC.

Suite 718-744 West Hastings Street Vancouver BC V6C 1A5 TSX-V: SGZ Tel: (604) 682-2933 Toll Free: 1-866-683-2933 Fax: (604) 569-2532 www.segoresources.com

NEWS RELEASE July 22, 2011 Drilling to Start-5 Year Permit Received

Sego Resources Inc. (“Sego” or the “Company”) has received a Multi-Year Area Based Permit from the Ministry of Energy and Mines that is valid for 5 years. The permit is for percussion drilling, diamond drilling and trenching on the Sego’s Miner Mountain Project near Princeton, B.C. Percussion Drilling will start on July 25, 2011 with an initial percussion drill program as recommended by consultant Vic Preto, Ph.D., P.Eng. in his report of June 17, 2011. This report is available on Sego’s website.

Sego Resources Inc.’s primary project is the Miner Mountain Project a Copper Gold Porphyry Project near Princeton, BC, 15 kilometres north of Copper Mountain Mining Corporation’s former copper producer, (closed 1996). Copper Mountain Mining Corporation is now in the commissioning phase. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band with whom Sego has an MOU. The Miner Mountain property is 2,056.54 hectares in size.

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For further information please contact: For further information please contact: John Geisler, Investor Relations, [email protected] or 1-866-683-2933

J. Paul Stevenson, CEO Sego Resources Inc.

Neither the 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. No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed “forward-looking statements. All statements in this release, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.