ROX RESOURCES LIMITED — Capital/Financing Update 2006

Mar 2, 2006

ASX/MEDIA RELEASE 3 March 2006

SALE OF MENZIES PROJECT

Rox Resources Limited ("Rox") (ASX: RXL) has reached agreement with Regal Resources Limited ("Regal") to sell its Menzies project.

Consideration received by Rox for the sale will be $600,000 cash ($400,000 on settlement and $200,000 six months from settlement) and 3,000,000 ordinary fully paid shares in Regal currently trading at $0.18 per share.

The cash injection will support Rox's aggressive exploration programs at its zinc-lead project in Laos.

The agreement is subject to Regal completing due diligence to its satisfaction over the next six weeks and a number of standard preconditions including Rox shareholder approval if required. Rox will retain an indirect interest in the Menzies project through the holding of 3 million shares in Regal.

Drilling at a number of prospects at Rox's Pha Luang zinc-lead project in Laos is expected to commence within two weeks.

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FOR FURTHER INFORMATION CONTACT:

Ian 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 zinc-lead project where high grade drill intercepts of zinc and lead have been made. Rox also has a number of alluvial and kimberlite diamond projects in South Africa