ROX RESOURCES LIMITED — Capital/Financing Update 2006

May 11, 2006

ASX/MEDIA RELEASE 12 May 2006

ROX EXTENDS LEAD-ZINC DISCOVERY

Rox Resources Limited (ASX: RXL) ("Rox") today announced further thick intersections of leadzinc mineralisation at the Nam Yen prospect within the Pha Luang project in Laos.

Nam Yen is one of four major soil anomalies delineated to date at the Pha Luang project.

Today's results from 11 new shallow holes drilled at Nam Yen provide further evidence of highgrade, wide zones, particularly:

PLR016: 27 metres grading 10.5% combined Pb+Zn from 3 metres, plus 23 g/t Ag PLR025: 19 metres grading 8.6% combined Pb+Zn from 17 metres, plus 10 g/t Ag

These results confirm that ore grade mineralisation extends at least 100 metres to the south of the discovery outcrop with highest individual one metre assays from drilling being 28.2% Pb. 9.2% Zn. 95 g/t Ag.

Mineralisation remains open in all directions and an outcrop of galena has been discovered 70 metres east of the drilling.

On 27 April 2006, Rox reported the discovery of lead-zinc sulphide mineralisation at Nam Yen with significant drill intersections including:

• PLR009: 6 metres grading 11.6% combined Pb+Zn, from 4 metres
• PLR010: 8 metres grading 8.7% combined Pb+Zn from 16 metres
• PLR015: 33 metres grading 11.4% combined Pb+Zn from 4 metres

Rox's Managing Director Mr Ian Mulholland said that drill access preparation for further drilling to extend the mineralisation south, west and east at Nam Yen is currently underway and access is also being prepared to a number of other untested prospects.

Rox plans to continue drilling through the wet season while conditions permit.

Mr Mulholland went on to say that two drill holes from today's results were of particular significance and encouragement.

"PRL023 and 026 were collared some 50 metres to the west of the other drilling and indicate that the lateral extension of the mineralisation may be extensive." said Mr Mulholland.

PLR026: 11 metres grading 4.6% combined Pb+Zn from 31 metres; PLR023: 5 metres grading 7.8% combined Pb+Zn from 55 metres, plus 20 g/t Ag.

Hole PLR023 ended in strong mineralisation of 8.9% Zn, 3.4% Pb, 18 g/t Ag.

Other significant intersections with mineralisation starting at very shallow depths include:

PLR017: 5 metres grading 6.3% combined Pb+Zn, from 10 metres

PLR021: 5 metres grading 6.9% combined Pb+Zn, from 9 metres

PLR024: 9 metres grading 5.8% combined Pb+Zn from 19 metres

A number of further known occurrences of mineralisation have yet to be mapped and soil sampled to generate drill targets as follows:

Prospect	Description	Activity
Pha Daeng	Major soil anomaly with high-gradelead and zinc rock chip results	Road access construction underway
Pha Luang 1	Major soil anomaly	Geological mapping underway
Bon Noi	Major soil anomaly	Initial drilling completed (assays pending),further drilling planned, road accessconstruction underway
Pha Luang 2/3	Outcropping lead sulphide and zincoxide	Soil sampling, geological mapping anddrill access preparation underway
Khamseuk	Outcropping lead sulphide	Soil sampling, geological mapping anddrill access preparation underway
Phaytoun	Outcropping lead sulphide	Soil sampling and geological mappingunderway
Middle	High grade rock chip samples	Soil sampling and geological mappingunderway
Pha Noi	High grade rock chip samples	Soil sampling and geological mappingplanned
Pha Sod (1-5)	High grade rock chip samples	Soil sampling and geological mappingplanned
Pha Jom	High grade rock chip samples	Soil sampling and geological mappingplanned

$-$ ENDS $-$

FOR FURTHER INFORMATION CONTACT:

lan Mulholland Managing Director Tel: (08) 9486 4537 Ann Nahaiski Porter Novelli Tel: (08) 9386 1233

or visit: www.roxresources.com.au

ABOUT ROX

Rox is a Perth-based exploration company with a portfolio of projects in Laos and South Africa. In Laos. Rox is exploring the Pha Luang lead-zinc project where high grade drill intercepts of lead and zinc have been made, and has first right of refusal over a number of other prospective resource projects. In South Africa, Rox has a number of alluvial and kimberlite diamond projects.

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr lan Mulholland B.Sc (Hons), M.Sc., F.Aus.I.M.M., F.A.I.G., F.S.E.G., who is a Fellow of The Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists. Mr Mulholland has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Mulholland is a full time employee of the Company and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

APPENDIX:

HOLENUMBER	FROM	TO	INTERVAL	Pb %	Zn%	Ag ppm	Pb+Zn %
PLR008	0	4	$\overline{\bf 4}$	20.9	5.3	23	26.2
PLR009	4	16	12	4.7	3.6	9.4	8.3
incl.	4	10	6	6.4	5.2	$\pmb{\uparrow}$ $\pmb{\uparrow}$	11.6
PLR010	10	24	14	4.0	2.6	9.9	6.6
incl.	16	24	8	5.6	3.1	14	8.7
PLR011	NSR
PLR012	23	25	$\overline{\mathbf{c}}$	0.04	3.2	4.8	3.3
PLR013	NSR
PLR014	NSR
PLR015	$\overline{\mathbf{4}}$	37	33	8.7	2.7	19	11.4
incl.	10	35	25	11.0	3.1	24	14.1
PLR016	3	30	27	$7.3,$	3.2	23	10.5
PLR017	7	15	8	2.6	2.2	6	4.8
incl.	10	15	5	3.5	2.8	8	6.3
	31	34	3	1.3	1.9	5	3.2
PLR018	39	41	2	2.8	0.5	13	3.3
	69	73	4	2.4	1.9	10	4.3
	80	84	4	1.7	1.6	9	3.3
PLR019	26	26	$\overline{2}$	2.0	3.6	$\overline{2}$	5.6
PLR020	12	14	$\overline{2}$	1.5	5.1	19	6.6
	19	32	13	2.0	2.4	13	4.4
PLR021	8	17	9	2.2	2.7	8	4.9
incl.	9	14	5	3.2	3.7	11	6.9
	39	42	3	1.5	2.5	9	4.0
PLR022**	17	19	$\mathbf 2$	1.7	3.0	8	4.7
PLR023	46	49	3	3.3	3.5	20	6.8
	55	60 #	5	2.9	4.9	17	7.8
PLR024	19	28	9	3.8	2.0	26	5.8
PLR025	17	36	19	4.8	3.8	36	8.6
	39	41	$\overline{2}$	4.9	4.7	32	9.6
PLR026	31	42	11	1.5	3.1	10	4.6

Table 1: Nam Yen Drill Results*

* Above 3% Pb+Zn cut-off** Hole abandoned at 21m# End of hole

Pha Luang Project, Prospect Locations

Nam Yen Drilling Plan showing mineralised intercepts

Nam Yen Cross Section A-A' showing mineralised intercepts