ROX RESOURCES LIMITED — Capital/Financing Update 2013

Aug 20, 2013

ROX RESOURCES LIMITED – 22 December 2011

ASX/MEDIA RELEASE

21 August 2013

OPTION EXERCISED ON REWARD ZINC PROJECT

Highlights

• Earn-in partner, Teck, reaches $5 million expenditure and earns the right to a 51% interest in the Reward Zinc project

• Teck exercises its right to sole fund the next $10 million of expenditure to earn a further 19% interest in the project (70% in total)

Rox Resources Limited ( ASX: RXL ) (“ Rox ” or “ the Company ”) is pleased to report that Teck Australia Pty Ltd (“Teck”) has reached the first stage expenditure of $5 million on the Reward zinc project in the Northern Territory (Figure 1), and has earned a 51% interest in the project.

Teck has also exercised its exclusive right to earn an additional 19% interest (to hold an aggregate interest of 70%) by incurring additional expenditure of $10 million by 31 August 2018.

Teck reached the initial $5 million earn-in expenditure point during the 4,500m drilling program currently underway at the Teena prospect (Figure 2), which intersected 26.4m @ 13.3% Zn+Pb from 1,060.1m in the first hole (TNDD009).

Rox Managing Director Ian Mulholland commented, “We are thrilled by the support of Teck, one of the world’s leading zinc producers, in its decision to proceed to the next stage of the earn-in agreement and provide further funding for the project. The Teena prospect is a new and exciting major zinc discovery located only 10km west of the world class McArthur River zinc mine.”

Assay results from the second hole of the program are expected shortly.

ENDS

For more information:

Shareholders Ian Mulholland Managing Director Tel: +61 8 9226 0044 admin@roxresources.com.au

Media

Tony Dawe / Belinda Newman Professional Public Relations Tel: + 61 8 9388 0944 tony.dawe@ppr.com.au / belinda.newman@ppr.com.au

Rox Resources Limited ABN 53 107 202 602 Level 1, 30 Richardson Street, West Perth WA 6005 Telephone: +61 8 9226 0044 Facsimile: +61 8 9322 6254 Email: admin@roxresources.com.au

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ROX RESOURCES LIMITED – ASX RELEASE 21 August 2013

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Figure 1: Project Location

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Figure 2: Tenement and Prospect Map

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ROX RESOURCES LIMITED – ASX RELEASE 21 August 2013

About Rox Resources

Rox Resources Limited is an emerging Australian minerals exploration company. The company has four key assets at various levels of development with exposure to gold, nickel, zinc, lead, copper and phosphate, including the Mt Fisher Gold Project (WA), Myrtle/Reward Zinc-Lead Project (NT), the Bonya Copper Project (NT) and the Marqua Phosphate Project (NT).

Mt Fisher Gold-Nickel Project (100% + Option to Purchase)

The Mt Fisher gold project is located in the highly prospective North Eastern Goldfields region of Western Australia and in addition to being well endowed with gold the project hosts a strong potential for nickel. The total project area is 655km[2] , consisting of a 485km[2] area 100% owned by Rox and an Option to purchase 100% of a further 170km[2] .

Recent drilling at the Camelwood nickel prospect has intersected semi-massive to massive and disseminated nickel sulphide mineralisation in a number of holes along an 1,200m strike length and up to 500m depth, including 11.4m @ 2.9% Ni and 6.2m @ 3.3% Ni , with the mineralisation open in all directions.

Drilling by Rox has also defined numerous high-grade gold targets and a Measured, Indicated and Inferred Mineral Resource of 973,000 tonnes grading 2.75 g/t gold exists for 86,000 ounces of gold (Measured: 171,900 tonnes grading 4.11 g/t Au, Indicated: 204,900 tonnes grading 2.82 g/t Au, Inferred: 596,200 tonnes grading 2.34 g/t Au).

Reward Zinc-Lead Project (Farm-out Agreement)

Rox has signed an Earn-In and Joint Venture Agreement with Teck Australia Pty Ltd. (“Teck”) to explore its 670km[2] Myrtle/Reward zinc-lead tenements, located 700km south-east of Darwin, Northern Territory.

The Myrtle deposit has a current JORC Inferred Mineral Resource of 43.6 Mt @ 5.04% Zn+Pb (Indicated: 5.8 Mt @ 3.56% Zn, 0.90% Pb; Inferred: 37.8 Mt @ 4.17% Zn, 0.95% Pb).

Recent drilling at the Teena prospect intersected 26.4m @ 13.3% Zn+Pb including 16.2m @ 17.2% Zn+Pb . Under the terms of the Agreement, Teck has now been met the expenditure requirement for a 51% interest. Teck has elected to increase its interest in the project to 70% by spending an additional A$10m (A$15m in total) by 31 August 2018.

Bonya Copper Project (Farm-in Agreement to earn up to 70%)

In October 2012 Rox signed a Farm-in Agreement with Arafura Resources Limited to explore the Bonya Copper Project located 350km east of Alice Springs, Northern Territory. Outcrops of visible copper grading up to 34% Cu and 27 g/t Ag are present. Under the agreement, Rox can earn a 51% interest in the copper, lead, zinc, silver, gold, bismuth and PGE mineral rights by spending $500,000 within the first two years. Rox can elect to earn a further 19% (for 70% in total) by spending a further $1 million over a further two years. Once Rox has earned either a 51% or 70% interest it can form a joint venture with Arafura to further explore and develop the area.

Marqua Phosphate Project (100%)

Rox owns one tenement covering approximately 660 km[2] in the Northern Territory which comprises the Marqua Phosphate project. The project has the potential for a sizeable phosphate resource to be present, with surface sampling returning values up to 39.4% P2O5 and drilling (including 6m @ 19.9% P2O5 and 5m @ 23.7% P2O5) confirming a 30km strike length of phosphate bearing rocks.

Competent Person Statement:

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Ian Mulholland BSc (Hons), MSc, FAusIMM, FAIG, FSEG, MAICD, 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.

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