Item 2.01 Completion of Acquisition or Disposition of Assets

On August 29, 2008, Brinx Resources Ltd., a Nevada corporation, sold all of its working interests in its Owl Creek Project, located in Garvin County, Oklahoma, to an unrelated third party for net proceeds of $3,068,685. The properties sold included Brinx's 70% working interest in the Powell #1, 50% working interest in the Powell #2, and 42.5% working interest in the Isbill #2 wells. As of July 31, 2008, Brinx's total costs associated with the Owl Creek Project were $1,998,853.

Brinx still holds all of its interest in its Palmetto Point and Frio-Wilcox Projects in Mississippi and the Three Sands Project in Northern Oklahoma.