Robex Resources Inc. — Earnings Release 2022

Apr 28, 2023

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Press Release

ROBEX RESOURCES INC. TO PRESENT FOURTH QUARTER AND FULL YEAR 2022 RESULTS ON TUESDAY, MAY 2, 2023

Québec city, Québec, April 28th 2023 - Robex Resources Inc. (TSX-V: RBX),
(“Robex” or the “Company”) announced today that they will be presenting
fourth quarter and full year 2022 results on a live webinar hosted by Renmark
Financial on May 2, 2023, at 9:00 AM EDT. Robex Resources welcomes
stakeholders, investors, and other individual followers to register and
attend this live event.

Investors interested in participating in this event will need to register
using the link below. As a reminder, registration for the live event may be
limited but access to the replay after the event will be on the Company’s
Investor website.

Register here: https://www.renmarkfinancial.com/events/fourth-quarter-and-
full-year-2022-results-virtual-presentation-tsx-v-rbx-2023-05-02-090000

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

About Robex Resources Inc.

Robex is a multi-jurisdictional West African gold production and development
company with near-term exploration potential. The Company is dedicated to
safe, diverse and responsible operations in the countries in which it
operates with a goal to foster sustainable growth. The Company has been
operating the Nampala mine in Mali since 2017 and is advancing the Kiniero
Gold Project in Guinea.

Robex is supported by two strategic shareholders and has the ambition to
become one of the most important mid-tier gold producers in West Africa.

About Renmark Financial Communications Inc.

Founded in 1999, Renmark Financial Communications Inc. is North America’s
leading retail investor relations firm.  Employing a strategic and
comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal
Roadshows as well as in-person corporate presentations and maintains daily
communications with thousands of brokers and money managers across Canada
and the United States. Renmark empowers its publicly traded clientele to
maximize their visibility within the financial community and strengthen
their investor audience.

More Information

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Press Release

ROBEX RESOURCES INC.

Aurélien Bonneviot, Chief Executive
Officer
Stanislas Prunier, Investor
Relations and Corporate Development

FINANCIAL COMMUNICATIONS RENMARK
INC.
Robert Thaemlitz
Account Manager

+1 416 644-2020 or +1 212 812-7680

+1 581 741-7421
E-mail: investor@robexgold.com
www.robexgold.com

E-mail:
rthaemlitz@renmarkfinancial.com
www.renmarkfinancial.com

Forward-looking information and forward-looking statements

This news release contains “forward-looking information” or “forward-looking statements”
within the meaning of applicable Canadian securities legislations (“forward-looking
statements”). Forward-looking statements are included to provide information about
management’s current expectations and plans that allows investors and others to have a better
understanding of the Company’s business plans and financial performance and condition.

Statements made in this press release that describe the Company’s or management’s estimates,
expectations, forecasts, objectives, predictions, projections of the future or strategies
may be “forward-looking statements”, and can be identified by the use of the conditional or
forward-looking terminology such as “aim”, “anticipate”, “assume”, “believe”, “can”,
“contemplate”, “continue”, “could”, “estimate”, “expect”, “forecast”, “future”, “guidance”,
“guide”, “indication”, “intend”, “intention”, “likely”, “may”, “might”, “objective”,
“opportunity”, “outlook”, “plan”, “potential”, “should”, “strategy”, “target”, “will” or
“would” or the negative thereof or other variations thereon. Forward-looking statements also
include any other statements that do not refer to historical facts. Such statements may
include, but are not limited to, statements regarding the Company’s ability to successfully
advance the Kiniero Gold Project and carry out the Kiniero Gold Project feasibility study;
the Company’s ability to enter into definitive documentation in respect of the US$115 million
project finance facility, including a US$15 million cost overrun facility (the “Facilities”)
on the terms set out in the non-binding term sheet, on acceptable terms or at all; timing
of the entering into of definitive documentation in respect of the Facilities; and assuming
definitive documentation is entered into, the drawdown of the proceeds of the Facilities,
including the timing thereof.

Forward-looking statements and information are made based upon certain assumptions and other
important factors that, if untrue, could cause the actual results, performance or
achievements of the Company to be materially different from future results, performance or
achievements expressed or implied by such statements or information. There can be no assurance
that such statements or information will prove to be accurate. Such statements and information
are based on numerous assumptions, including the Company’s ability to enter into definitive
documentation for the Facilities on the terms set forth in the non-binding term sheet, on
acceptable terms or at all, and to satisfy the conditions precedent to closing and advances
thereunder (including satisfaction of remaining customary due diligence and other conditions
and approvals); the assumption that board approval for the Facilities will be obtained;the
Company’s ability to meet the timing objectives for definitive documentation and first
drawdown of funds; the ability to execute the Company’s plans relating to the Kiniero Gold
Project as may be set out in the Kiniero Gold Project pre-feasibility study, including the
timing thereof; the Company’s ability to complete its planned exploration and development
programs; the absence of adverse conditions at the Kiniero Gold Project; no unforeseen
operational delays; no material delays in obtaining necessary permits; the price of gold
remaining at levels that render the Kiniero Gold Project economic; the Company’s ability to
continue raising necessary capital to finance operations; and the ability to realize on the
mineral resource and mineral reserve estimates; andassumptions regarding present and future
business strategies, local and global geopolitical and economic conditions and the
environment in which the Company operates and will operate in the future.

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Press Release

Certain important factors could cause the Company’s actual results, performance or
achievements to differ materially from those in the forward-looking statements and
information including, but not limited to: financing costs or adverse changes to the terms
of available financing, if any, for the Kiniero Gold Project; the Company’s ability to enter
into definitive documentation for the Facilities on acceptable terms or at all; the Company’s
ability to satisfy the conditions precedent to closing and advances thereunder (including
satisfaction of remaining customary due diligence and other conditions and approvals);
failure or delays to receive necessary approvals or otherwise satisfy the conditions to the
completion of the Facilities; the proceeds of the Kiniero Gold Project financing not being
available to the Company;fluctuations in gold and commodity prices; risks related to the
geopolitical situation in Mali and related risks, including the risk of terrorism and armed
banditry, fraud and corruption, security threats and resource nationalism; fluctuations in
exchange and interest rates; the Company’s access to debt financing; uncertainty of the
Company’s mineral reserve and mineral resource estimates; changes in the Company’s production
and cost estimates; hazards and risks normally associated with mineral exploration and gold
mining development and production operations; risks related to the Company’s external
contractors and suppliers; the Company’s limited property portfolio; the depletion of the
Company’s mineral reserves; the Company’s access to an adequate water supply for mining
operations; the Company obtaining and maintaining required licenses and permits from various
governmental authorities in order to operate; the Company obtaining and maintaining title
to its mineral projects and exploration rights; competition with other mining companies; the
Company’s ability to find and retain qualified and key personnel; environmental risks and
hazards associated with operating a gold mine in Mali; the risk that the Company may not be
able to insure against all the potential risks associated with its operations; risks related
to the Company’s relations with its employees, shareholders and other stakeholders, including
the local governments and communities surrounding its mine in Mali; the Company’s reliance
on information technology systems; cybersecurity threats; the risk of any pending or future
litigation against the Company; and tax risks, including changes in taxation laws or
assessments on the Company.

Although the Company believes its expectations are based upon reasonable assumptions and has
attempted to identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended.
These factors are not intended to represent a complete and exhaustive list of the factors
that could affect the Company; however, they should be considered carefully. There can be
no assurance that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such information.

The Company undertakes no obligation to update forward-looking information if circumstances
or management’s estimates, assumptions or opinions should change, except as required by
applicable law. The reader is cautioned not to place undue reliance on forward-looking
information. The forward-looking information contained herein is presented for the purpose
of assisting investors in understanding the Company’s expected financial and operational
performance and results as at and for the periods ended on the dates presented in the
Company’s plans and objectives and may not be appropriate for other purposes.

Please also refer to the section titled Risks and Uncertainties in the Company’s Management’s
Discussion and Analysis for the three and nine months ended September 30, 2022, which is
available under the Company’s profile on SEDAR at www.sedar.com, for additional disclosures
about the risk factors that could cause results to differ materially from forward-looking
statements. All forward-looking statements contained in this news release are expressly
qualified by this cautionary statement.

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