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Share Placement Completed

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Rox Resources Limited (ASX:RXL “Rox” or “the Company”) wishes to announce that it has completed the Share Placement announced on 3rd November 2015.

The initial intention was to raise $500,000 through a placement to institutional and sophisticated investors, however due to strong support from an overseas based investor this amount has been increased to $1,000,000.

Eligible Shareholders will be offered the opportunity to participate in an Entitlements Issue on the same terms as the share placement.

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Good Results Keep Coming At Teena, 19.7m at 14.9% Zn and Pb

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report further assay results from diamond drilling at the Teena zinc prospect (Figure 1). The Teena prospect forms part of the Reward project in the Northern Territory.

Hole TNDD021 was drilled to confirm the northern extent of high grade mineralization toward the Bald Hills Fault zone between previous holes TNDD010 and TNDD011, (Figure 2), and intersected high grade zinc and lead sulphide mineralisation with further exceptional results.

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Rox Resources Named Australian Explorer of the Year

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report that it has taken out the prestigious Explorer of the Year Award at the 2015 Australian Mining Prospect Awards staged in Sydney.

The award was presented to Rox Resources on the back of a highly successful year which saw the company have drilling successes that continued to build on its exciting Fisher East nickel sulphide project in WA, led to the promising copper discovery at Bonya in central Australia and saw further exploration success at the Teena zinc project in the Northern Territory.

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Strategic Review and Capital Raising

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Rox Resources Limited (ASX:RXL “Rox” or “the Company”) wishes to announce that it has conducted a strategic review of its projects and assets.

Following this review, the Company has decided to consider options for commercialising its interest in the Reward Zinc project (which includes the significant Teena discovery). This process may involve a sale to a third party or a spin out into a separate company.

Rox will also undertake a capital raising via a Placement and Entitlements Issue to ensure the Company is sufficiently funded during the period in which the sale of its interest in Reward Zinc is being progressed.

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September 2015

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During the third quarter of 2015 the Company has carried out aircore drilling and undertaken pre-feasibility studies on the Fisher East nickel sulphide project in Western Australia, and received assays from drilling at the Teena prospect (Reward zinc project) in the Northern Territory.

At Fisher East:

  • Aircore drilling was undertaken to test a number of new EM conductors with fresh nickel sulphides intersected at the Mt Tate prospect.
  • Baseline environmental studies continued.
  • Pre-Feasibility Studies continued.

At the Reward zinc-lead project in the Northern Territory:

  • Spectacular assay results from the first deep hole drilled at Teena this year were received.
  • Three more holes were drilled with assays pending.
  • Geochemical and geophysical surveys were undertaken to test regional targets.

At the Bonya copper project in the Northern Territory:

  • RC drilling is planned for the second half of 2015.

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Exceptional Thick, High Grade Zinc Drill Intersection

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report assay results from the first diamond hole drilled at the Teena zinc prospect (Figure 1) this year. The Teena prospect forms part of the greater Reward project in the Northern Territory.

Hole TNDD019 was drilled approximately 200m east of discovery hole TNDD009 (Figure 2), and intersected high grade mineralisation with exceptional results.

TNDD019:    38.8m @ 16.9% Zn+Pb from 1068.9-1107.7m, including

                                        20.0m @ 22.4% Zn+Pb from 1076.0–1096.0m, and

                        8.9m @ 8.0% Zn+Pb from 1164.0 – 1172.9m, including

                                        5.0m @ 10.8% Zn+Pb from 1164.3-1169.3m

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Company Update

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) wishes to report progress on the Company’s projects.

Pre-Feasibility studies (ASX:RXL 22 July 2015) on the Fisher East Nickel Sulphide project located 500km north of Kalgoorlie, WA are progressing well.

Resource estimates are underway incorporating new data from recent drilling and new geological interpretations. The resource estimate will also include the Cannonball deposit for the first time. The resource estimate is expected to be finalised within the next few weeks.

At the same time a geotechnical assessment has been completed, which together with the resource estimates will then allow a detailed mine plan and schedule to be developed and detailed costings derived. This work is expected to take another two months to complete.

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Aircore Drilling Intersects Nickel Sulphides at Fisher East

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report further exciting results and the intersection of nickel sulphides from an aircore drilling program recently completed at its 100% owned Fisher East Nickel Project, 500km north of Kalgoorlie in Western Australia.

The drilling program of 59 holes for 3,586 metres was designed to test a number of EM conductors identified from recent airborne VTEM surveys.

Drilling of three EM conductors has returned highly anomalous nickel, copper and platinum group element (PGE) values, including the existing Mt Tate prospect and EM conductors MTVTEM_03 and MTVTEM_05 (now collectively named the Horatio prospect) (Figure 2).

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Rox Strengthens Board

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that Mr Stephen Dennis has been appointed as a non-executive director of the Company.

Until recently, Mr Dennis was Managing Director and CEO of CBH Resources Limited, a zinc-lead producer which is owned by Toho Zinc Co Ltd of Japan and which has operating mines at Broken Hill and Cobar in NSW.

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Rox Acquires 100% of Fisher East Nickel Tenements

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that it has exercised its option to acquire 100% the mineral tenements that hold the Camelwood, Musket and Cannonball nickel sulphide mineral resources at its Fisher East nickel project located 500km north of Kalgoorlie, WA.

The Mineral Resource at Fisher East currently sits at 3.6 Mt @ 2.0% Ni for 72,100 tonnes (159 million pounds) of contained nickel (ASX:RXL 4 September 2014) with an update expected this quarter.

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