ROX RESOURCES LIMITED — Board/Management Information 2018

Aug 5, 2018

==> picture [594 x 103] intentionally omitted <==

6 AUGUST 2018

R R L 1 5 7 4 D

HELIOS GOLD BOARD ANNOUNCED

Rox Resources Limited (ASX: RXL) (Rox” or “the Company”) is pleased to announce that it has appointed a highly credentialed board to drive the planned listing and development of its 100%owned subsidiary, Helios Gold Limited (“Helios”) on the Australian Securities Exchange.

Gold Road Resources Managing Director & CEO Mr Ian Murray has been appointed Non-Executive Chairman of Helios, former Sundance Resources General Manager Geology Mr Robin (Rob) Longley has joined as Managing Director, and Rox Managing Director Mr Ian Mulholland will serve as a Non-Executive Director.

Commenting on the board appointments, Rox’s Chairman Stephen Dennis, said: “I am very pleased that we have been able to attract such a high calibre board for Helios. Both Rob and Ian are quality appointments and will bring significant geological and commercial success and experience to the table.”

Mr Rob Longley is a Geologist with a first class honours degree from the University of Western Australia and holds extensive exploration and mining experience within the gold, nickel and iron ore sectors. Rob was previously General Manager Geology for Sundance Resources in Africa from 2007 to 2015 and has a strong background in gold mining centres such as Peak Hill, Kanowna Belle, Big Bell, Youanmi and Tanami in the NT. Rob is well-respected for his resource growth achievements and Leadership.

Mr Ian Murray is a qualified Chartered Accountant with more than 20 years' corporate experience in the listed resources sector. Ian is currently Managing Director & CEO of Gold Road Resources and has been responsible for taking Gold Road from a junior explorer to a mid-tier gold producer. Ian played an instrumental role for Gold Road in negotiating the joint venture with Gold Fields to fund the Gruyere Mine development.

ENDS

==> picture [437 x 47] intentionally omitted <==

1

For more information:

Shareholders/Investors Media Ian Mulholland Michael Weir / Cameron Gilenko Managing Director Citadel-MAGNUS Tel: +61 8 9226 0044 Tel: +61 8 6160 4903 admin@roxresources.com.au mweir@citadelmagnus.com

Competent Person Statements:

Resource Statements

The information in this report that relates to gold Mineral Resources for the Mt Fisher project was reported to the ASX on 11 July 2018 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 11 July 2018, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 11 July 2018 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Fisher East project was reported to the ASX on 5 February 2016 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 5 February 2016, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 5 February 2016 continue to apply and have not materially changed.

The information in this report that relates to nickel Mineral Resources for the Collurabbie project was reported to the ASX on 18 August 2017 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 18 August 2017, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 18 August 2017 continue to apply and have not materially changed.

Exploration Results

The information in this report that relates to previous Exploration Results, was either prepared and first disclosed under the JORC Code 2004 or under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of original announcement to ASX. In the case of the 2004 JORC Code Exploration Results and Mineral Resources, they have not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

==> picture [270 x 44] intentionally omitted <==

2

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), including the Mt Fisher Gold Project (WA), the Fisher East Nickel Project (WA), and the Collurabbie Nickel-Copper-PGE Project (WA).

Fisher East Nickel Project (100%)

The Fisher East nickel project is located in the North Eastern Goldfields region of Western Australia and hosts several nickel sulphide deposits. The total project area is ~350km[2] , consisting of a ~300km[2] area 100% owned by Rox and an Option to purchase area of a further 50km[2] of nickel prospective ground.

Discovery of, and drilling at the Camelwood, Cannonball and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 5 February 2016) of 2.0Mt grading 2.5% Ni reported at 1.5% Ni cut-off (Indicated Mineral Resource: 1.9Mt grading 2.5% Ni, Inferred Mineral Resource: 0.1Mt grading 2.3% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 50,600 tonnes of nickel . Higher grade mineralisation is present in all deposits (refer to ASX announcement above) and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.

Mt Fisher Gold Project (100%)

The Mt Fisher gold project is located in the North Eastern Goldfields region of Western Australia, adjacent to the Fisher East nickel project, and hosts several gold deposits. The total project area is ~220km[2] , consisting of a ~170km[2] area 100% owned by Rox and an Option to purchase area of a further 30km[2] of gold prospective ground.

Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2012 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 11 July 2018) of 1.0 million tonnes grading 2.7 g/t Au reported at a 0.8 g/tAu cut-off exists for 89,000 ounces of gold (Measured: 170,000 tonnes grading 4.1 g/t Au, Indicated: 220,000 tonnes grading 2.7 g/t Au, Inferred: 630,000 tonnes grading 2.3 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Collurabbie Gold-Nickel Project (100%)

The Collurabbie project is located in the highly prospective North Eastern Goldfields region of Western Australia and is prospective for gold and nickel. The project area of 123km[2] hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation. A JORC 2012 Inferred Mineral Resource of 573,000t grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt has been defined at Olympia (ASX:RXL 18 August 2017). The style of nickel sulphide mineralisation is different to that at Fisher East, with a significant copper and PGE component at Collurabbie, and has been compared to the Raglan nickel deposits in Canada (>1Mt contained nickel).

In addition, there is potential for gold mineralisation, with several strong drilling intersections including 2m @ 2.4g/t Au from the Naxos prospect.

Bonya Copper Project (40%)

Rox (40%) has agreeed to sell its interest in the Bonya project to Thor Mining PLC for A$550,000 in Thor shares (29 March 2018). Completion is expected during the next quarter.

3