ROX RESOURCES LIMITED — Capital/Financing Update 2013

Jun 18, 2013

ROX RESOURCES LIMITED – 22 December 2011

ASX/MEDIA RELEASE

19 June 2013

DRILLING COMMENCES AT TEENA ZINC PROSPECT

Highlights

• Diamond drilling commences at Teena zinc prospect in Northern Territory

• Follow up drilling of previous highly encouraging results

Rox Resources Limited ( ASX: RXL ) (“ Rox ” or “ the Company ”) is pleased to advise that RC/diamond drilling has commenced at the Teena prospect, part of the Reward zinc project, in the Northern Territory (Figure 1). The project is subject to an Earn-in Agreement with Teck Australia Pty Ltd who is funding all drilling and other exploration costs.

The RC/diamond drilling program will consist of approximately 4,500m (including RC precollars) in up to six holes to test both the vertical and areal extent of previously identified zinc mineralisation at Teena, as reported on 14 August 2012, including:

• 11.3 metres grading 10.9% Zn + Pb, 14 g/t Ag from 908.8 metres in hole Teena 4

• 8.6 metres grading 9.84% Zn + Pb, 23 g/t Ag from 789.6 metres in hole Teena 4A

• 3.8 metres grading 7.98% Zn + Pb, 4 g/t Ag from 629.2 metres in hole Teena 2

• 13.1 metres grading 6.02% Zn + Pb, 5 g/t Ag from 599.2 metres in hole Teena 6

Rox Managing Director Ian Mulholland commented, “ This is an exciting time for the Company, with the field season in northern Australia now in full swing and some important follow-up drilling on the exciting Teena prospect now underway. Teck are going to drill a number of diamond core holes into the Teena Basin and we expect to intercept the target horizon in about 3 to 4 weeks’ time”.

ENDS

For more information:

Shareholders

Media

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

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 18 June 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 18 June 2013

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Figure 3: Teena Drill Hole Locations. Teena 2 and Teena 6 are 1.2km apart

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Figure 4: Rox’s Interpreted Teena Cross-Section

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ROX RESOURCES LIMITED – ASX RELEASE 18 June 2013

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Sphalerite
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Figure 5: Teena 4, ~917 metres, sphalerite ZnS (light creamy colour)

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Sphalerite
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Figure 6: Teena 6, ~600 metres, laminated/bedded sphalerite ZnS

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ROX RESOURCES LIMITED – ASX RELEASE 18 June 2013

Table 1: Teena Drill Assays

Hole	From (m)	To (m)	Interval (m)	Ag (ppm)	Pb (%)	Zn (%)	Zn+Pb (%)
TEENA 2	629.20	640.60	11.40	3.1	0.53	4.00	4.53
incl.	629.20	633.00	3.80	3.6	1.10	6.89	7.98
incl.	639.60	640.60	1.00	6.6	0.36	5.24	5.60
TEENA 4	782.10	788.10	6.00	16.3	2.99	2.23	5.22
TEENA 4	791.50	793.00	1.50	12.4	2.03	3.07	5.10
TEENA 41	812.80	818.60	5.80	11.0	3.01	3.33	6.33
TEENA 41	821.60	825.80	4.20	12.1	0.79	2.69	3.49
TEENA 41	827.90	829.90	2.00	17.2	2.79	9.10	11.89
TEENA 41	832.30	834.80	2.50	16.2	3.14	3.84	6.98
TEENA 4	908.80	920.10	11.30	14.0	0.14	10.73	10.87
TEENA 42	927.70	929.90	2.20	7.0	0.03	3.14	3.17
TEENA 42	932.20	935.80	3.60	10.4	0.03	4.46	4.49
incl.	934.30	935.80	1.50	9.0	0.04	7.10	7.14
TEENA 43	966.60	970.40	3.80	6.7	0.04	3.99	4.03
TEENA 43	973.80	978.30	4.50	5.0	0.03	3.22	3.25
TEENA 4A*	760.80	762.30	1.50	8.0	0.07	5.16	5.23
TEENA 4A*	781.00	783.00	2.00	8.0	2.17	1.18	3.35
TEENA 4A*	789.60	811.80	22.20	19.1	1.10	6.08	7.18
incl.	789.60	798.20	8.60	22.5	2.70	7.14	9.84
incl.	800.70	810.30	9.60	17.6	0.07	6.46	6.53
TEENA 4A*	816.10	817.20	1.10	12.0	0.23	7.90	8.13
TEENA 6	599.20	614.00	14.80	4.4	0.80	4.86	5.66
TEENA 6	620.60	629.20	8.60	2.5	0.43	3.76	4.20
incl.	622.30	623.30	1.00	12.0	2.80	16.00	18.80
TEENA 6	641.40	643.80	2.40	4.8	0.52	2.08	2.60
TEENA 7	450.30	458.20	7.90	-	0.34	4.41	4.75
incl.	454.70	456.00	1.30	-	1.33	11.10	12.43
TEENA 7	471.70	477.00	5.30	-	0.28	2.70	2.98
TEENA 7	485.70	488.00	2.30	-	0.10	4.07	4.17
TEENA 8	617.00	620.40	3.40	20.6	2.64	0.73	3.37

Data listed using a lower cut-off of 3% Zn+Pb, with a minimum thickness of 1 metre, and a maximum internal gap of 2 metres. Higher grade inclusions (viz. shown as “incl.”) are at a lower cut-off of 5% Zn+Pb, with a minimum thickness of 1 metre, and a maximum internal gap of 2 metres.

1 Cumulative intersection is 14.5m @ 6.39% Zn+Pb, 13.1 g/tAg 2 Cumulative intersection is 5.8m @ 3.99 Zn+Pb, 9.1 g/tAg

3 Cumulative intersection is 8.3m @ 3.61 Zn+Pb, 5.8 g/tAg

• Hole Teena 4A was wedged off hole Teena 4 at approximately 490 metres depth.

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ROX RESOURCES LIMITED – ASX RELEASE 18 June 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] .

Initial drilling by Rox has defined numerous high-grade targets and defined a Measured, Indicated and Inferred Mineral Resource of 973,000 tonnes grading 2.75 g/t gold to be defined 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).

Drilling at the Camelwood nickel prospect has intersected semi-massive to massive and disseminated nickel sulphide mineralisation in a number of holes along an 800m strike length and up to 350m depth, including 11.4m @ 2.9% Ni and 6.15m @ 3.3% Ni , with the mineralisation open in all directions.

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). Historic drill intercepts of sediment- and fault-hosted mineralisation exist at the Teena prospect, including 11.3m @ 10.9% Zn+Pb and 8.6m @ 9.84% Zn+Pb . Under the terms of the agreement, Teck have an option to spend A$5m by 31 August 2014 to earn an initial 51% interest. Teck can 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 four tenements covering approximately 1,900 km[2] in the Northern Territory which comprise 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. In addition to phosphate, there is also potential for lead-zinc mineralisation. The project is located 300km southwest of Mt Isa, and is situated 250km from the nearest railhead and gas pipeline at Phosphate Hill.

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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