ROX RESOURCES LIMITED — Capital/Financing Update 2004

Apr 21, 2004

ROX RESOURCES LIMITED

STATEMENT OF COMMITMENTS BASED ON FUNDS ACTUALLY RAISED

It should be noted that commitments have not changed from that disclosed in the Prospectus dated 23 February 2004.

	Year 1 S	Year 2 5
Opening Balance add		2,654,400
Funds raised pursuant to the Prospectus	4,454,400	-0
less Scoping Studies	(30,000)	-0
Drill & follow up RAB & soil anomalies	(310,000)	(320,000)
Infill & high grade underground target drilling	(290,000)	(410,000)
Tenement rents & rates	(70,000)	(70,000)
Administration & corporate	(300,000)	(300,000)
Expenses of the Issue	(300, 000)
Payment to Deep Yellow	(500,000)
Balance at end of year	2,654,400	1.544.400