Rox Resources Limited (Rox) holds a 70% interest in the OYG Joint Venture and is the manager at the historic Youanmi mining centre.

Venus Metals Corporation Limited (ASX: VMC) ('Venus' or 'VMC') retains a 30% interest.

The Youanmi Gold Project is located 480km NE of Perth and 400km inland and to the east of Geraldton. The Youanmi Gold Mine located near the centre of the project tenement package has historic production of 667,000 ounces of gold grading 5.42g/t from open pit (1987 - 1993) and underground operations. The operation was closed in 1997 when the gold price was around $400 per ounce.

The Youanmi Project Mineral Resource Estimate of 12.4Mt at 2.97g/t Au for 1.2Moz of gold can be categorised into a near surface portion of 10Mt at 1.65g/t Au for 532,000 ounces of gold and the Youanmi deeps of 2.4Mt at 8.5 g/t Au for 658,000 ounces of gold (sulphide).

There is significant scope to increase both free milling and sulphide resources with further drilling.

RC Drilling

During the quarter 22 Reverse Circulation (RC) holes for 5,062m were completed at the OYG JV focussed on Grace, Link and Junction areas. At the date of this announcement assays for 12 holes remain outstanding. Drilling was focussed on near-mine targets and areas of known mineralisation in proximity to existing resources.

Grace mineralisation is hosted within strongly sheared, fractured and altered granite within a broad mineralised corridor trending NNW. This structural corridor within the Youanmi granite, and its orientation, had not been recognised at Youanmi by previous explorers and miners The Link Target is the area beneath the historically mined northern pits (United/Rebel/ Kathleen/ Kurrajong). Rox's exploration model shows this area is directly down plunge of high-grade shoots mined in the northern pits and underground Hill End Deeps mine. Little to no previous drilling has been completed in this area.

The Junction Target area is the interpreted convergence zone, at depth, between the historically mined Main Lode and the recently-discovered Grace Lode. It is situated under the southern extent of the Youanmi Main Pit in the vicinity of the historically mined, high-grade Pollard Lode. The Pollard lodes were mined underground, at shallow depths in the 1930's with historical mine records indicating production of 260,000oz at 15 g/t Au mined grade.

Contact:

Alex Passmore

Tel: +61 8 9226 0044

Email: admin@roxresources.com.au

About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The Company has a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements (PGE's). The 1.2Moz Youanmi Gold Project and the Fisher East Nickel Project (78kt Ni) being the most advanced projects with exploration ongoing at the Mt Fisher Gold Project and the Collurabbie Nickel-Copper-PGE Project.

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