ROX RESOURCES LIMITED — Capital/Financing Update 2013

May 19, 2013

ROX RESOURCES LIMITED – 22 December 2011

ASX/MEDIA RELEASE

20 May 2013

SECOND DIAMOND RIG ON SITE

Highlights

• Second diamond drill mobilised to site and now drilling

• RC drilling has extended Camelwood mineralisation to over 1.2km in strike length

• Diamond drilling has extended the high grade Main Zone to over 500m down plunge extent

Rox Resources Limited ( ASX: RXL ) (“ Rox ” or “ the Company ”) is pleased to advise that further drill results from its Camelwood nickel sulphide prospect at Fisher East, located 450km north of Kalgoorlie in Western Australia (Figure 1) have extended the mineralised system to over 1.2km in strike length and over 500m in down plunge extent.

Rox Managing Director Ian Mulholland commented, “ We are very pleased at just how laterally extensive this mineralised system is. It extends to the south well beyond the EM anomaly we originally thought might define it.

We are also highly encouraged with the depth extent of the deposit now being shown by our deeper drilling. The recent drilling has confirmed that Camelwood is a large mineralised system, and each hole that we drill is adding to that picture.

The results from visual inspection of the recent RC and diamond drilling have been very positive, and consequently we have mobilised a second diamond drill rig to site and it is now drilling. This will enable us to continue to define the higher grade portions of the deposit and at the same time continue its expansion with drilling at wider spacing”.

Main Zone

Diamond Drilling

MFED018, which has returned 1.7m @ 3.2% Ni from 415.0m (refer to Figures 2 & 3), has extended the Main Zone higher grade mineralisation to over 500m in down plunge extent.

Hole MFED019 intersected 3.3m @ 1.9% Ni from 340.7m, including 0.85m @ 5.0% Ni .

This area will continue to be followed up, particularly as the downhole EM survey in hole MFED018 indicated a strong EM conductor extending over 100m down dip from this hole, and also extending over 100m to the south. This presents a very strong new drilling target.

In addition, drilling of diamond holes MFED020 – 024 (Figures 2 & 3) has continued to intersect nickel sulphide mineralisation, giving confidence in the grade and thickness of this higher grade Main Zone. Assays for these holes are pending.

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

RRL1231D-IM

ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

RC Drilling

Assays from recently drilled RC holes MFEC026 and 028 (see Figures 2 & 3) are listed in Table 1 and these intersected nickel sulphide mineralisation as expected.

Southern Zone

RC Drilling

A number of new RC holes, MFEC027, 029 – 031 & 033 (see Figures 2 & 3) were drilled along strike south of the Main Zone EM conductor. Visual inspection of these holes indicates that they have all intersected nickel sulphides, with assays for holes MFEC027, 029 and 030 listed in Table 1. Assays for holes MFEC031 and 033 are pending.

The intercept of 4m @ 1.9% Ni from 140m in hole MFEC030, and the visual indication from holes MFEC031 and 033 indicate what could possibly be the top of a new shoot of thicker, higher grade mineralisation, which has now been termed the Southern Zone. This now extends the mineralisation at Camelwood to an impressive 1.2km strike length.

Remodelling of the ground EM data shows a second order anomaly coincident with the down dip projection of these intersections which will be followed up in due course by diamond drilling.

Northern Zone

Assays from diamond holes MFED015 and 016 (refer to Figures 2 & 3) have been received and confirm that the northern end of mineralisation at Camelwood has probably been defined with MFED015 intersecting thin bands of mineralisation and MFED016 returning no significant result. A 0.4m zone of massive pyrite mineralisation was intersected in hole MFED016 from 208.2m at the basal contact, followed by anomalous disseminated mineralisation (0.2 - 0.3% Ni) to 211.0m in the lower ultramafic unit. This indicates that the hole was probably drilled on the margin of the mineralised system.

In addition a further RC hole MFEC025 (see Figures 2 & 3) was drilled north of previous hole MFEC023. This hole intersected only low grades of nickel and closes off the mineralisation to the north.

Camelwood North

Assays from diamond hole MFED017 have been received and confirm the previous report that no significant nickel sulphides were intersected. The hole has however contributed greatly to our understanding of the stratigraphy and controls on mineralisation at Camelwood.

Looking Forward

Diamond drilling is continuing at Camelwood. New holes recently drilled (MFED020 – 024) are shown on Figures 2 & 3. The RC drilling program is completed for the time being.

In order to accelerate progress a second diamond drill has been mobilised to site and is now drilling.

ENDS

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

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

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Figure 1: Project Location

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

Table 1: Camelwood RC Drilling Results (new results shown in bold)

Hole	East	North	Depth (m)	Dip	Azimuth	From (m)	To (m)	Interval	Ni%
MFEC001	355899	7035798	162	-70	270	130	133	3	1.27
		Including				130	132	2	1.58
MFEC002	355956	7035802	242	-75	270	212	216	4	1.99
MFEC003	355986	7035594	172	-65	270	141	146	5	1.45
		And				152	155	3	1.72
		Including				152	154	2	2.22
MFEC004	355974	7035692	182	-60	270	159	179	20	1.06
		Including				159	165	6	1.36
		Including				169	174	5	1.49
MFEC005	355903	7035893	187	-60	270	147	148	1	2.99
MFEC006	355994	7035506	150	-65	270	126	126	1	2.48
MFEC007	355854	7035998	150	-60	270	118	121	3	1.82
MFEC010	355829	7036103	150	-60	270	118	136	18	1.53
		Including				119	128	9	2.04
MFEC012	355832	7036200	168	-70	270	153	154	1	1.10
MFEC013	355818	7036247	162	-60	270	Terminated short of target
MFEC015	355845	7036059	162	-60	270	125	130	5	1.33
MFEC016	355881	7035958	156	-60	270	129	133	4	1.11
MFEC017	355720	7036259	86	-60	270	NSR (gossanous 56-65m)
MFEC020	355928	7035750	174	-60	270	141	146	5	1.80
		Including				141	143	2	2.49
		And				157	159	2	1.49
MFEC021	355769	7036249	150	-60	270	105	124	19	1.32
MFEC022	355933	7035854	216	-60	270	186	187	1	2.55
MFEC023	355750	7036300	141	-60	270	101	120	19	0.44
MFEC024	355970	7035650	186	-60	270	144	148	4	1.27
		And				155	159	4	1.04
MFEC025	355697	7036402	130	-60	270	NSR
MFEC026	356000	7035397	138	-75	270	111	112	1	1.13
MFEC027	356003	7035300	102	-75	270	NSR (gossanous 78-79m)
MFEC028	355993	7035558	156	-70	270	146	148	2	1.36
MFEC029	356054	7035294	150	-65	270	134	135	1	1.22
MFEC030	356058	7035199	156	-60	270	140	144	4	1.90
		Including				140	141	1	2.84
MFED001	355997	7035799	397.3	-75	270	282.6	294.0	11.4	2.93
		Including				282.6	289.0	6.4	3.80
		Including				282.6	285.5	2.9	4.66
MFEC002	355996	7035702	261.5	-75	270	211.7	228	16.3	1.79
		Including				211.7	218	6.3	2.53
		Including				212.0	212.47	0.47	5.42
MFED003	355991	7035593	210.9	-80	270	178.3	185.8	7.5	1.22
		Including				178.3	178.7	0.4	3.76
MFED004	355900	7036097	216.1	-60	270	197.3	214.4	17.1	0.47
MFED005	355995	7035900	421.3	-78	270	382.0	387.7	5.7	2.25

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

Including	Including	Including	Including	Including	Including	382.0	382.4	0.4	5.38
And						384.6	387.7	3.1	3.37
Including						384.6	386.3	1.7	4.64
MFED006	355995	7035900	346.2	-70	270	317.7	319.0	1.3	2.55
Including						317.7	318.3	0.6	3.76
MFED007	356000	7035795	421.1	-85	270	388.7	389.9	1.2	5.20
Including						388.7	389.4	0.7	7.79
MFED008	355999	7035850	376.3	-80	270	350.5	352.3	1.8	2.81
Including						350.5	350.8	0.30	4.03
MFED009	355999	7035850	426.9	-85	270	401.66	403.70	2.04	1.61
Including						401.66	401.88	0.22	3.49
And						402.75	403.70	0.95	2.60
MFED010	355999	7035850	367.2	-72	270	341.11	347.26	6.15	3.30
Including						341.11	341.38	0.27	3.43
And						341.66	341.85	0.19	10.97
And						342.25	347.26	5.01	3.43
Including						342.25	343.89	1.64	5.81
MFED011	355999	7035850	316	-62	270	293.71	293.98	0.27	1.88
MFED012	355996	7035702	427.1	-90	270	375.68	376.42	0.74	3.84
MFED013	355823	7036149	171.45	-65	270	140.87	141.55	0.68	5.88
MFED014	355823	7036149	162.3	-55	270	130.60	138.00	7.40	1.89
Including						130.60	132.05	1.45	3.60
MFED015	355859	7036150	240.85	-78	270	202.45	202.91	0.46	1.47
And						217.32	217.52	0.20	1.04
MFED016	355816	7036302	297.95	-60	270	NSR
MFED017	355900	7036698	751.05	-60	270	NSR
MFED018	355995	7036000	450.4	-85	270	414.98	416.63	1.65	3.19
And						417.63	417.83	0.20	1.55
MFED019	355999	7036000	369.5	-74	270	340.69	344.00	3.31	1.88
Including						340.69	341.54	0.85	5.01

Notes:

• New results shown in bold .

• Grid coordinates GDA94: Zone 51, Collar positions determined by hand held GPS and confirmed by DGPS.

• All holes RL 537 AHD confirmed by DGPS.

• Hole azimuths planned to be 270 degrees, but hole deviations may result in hole paths different to those intended. Correct lateral positions of down hole intercepts are shown on the Figures.

• RC drilling (hole prefix MFEC) by reverse circulation face sampling hammer, then 1 metre samples split and bagged.

• Diamond drilling (hole prefix MFED) by HQ/NQ diamond core, with core cut in half and sampled to either significant geological boundaries or even metre intervals.

• Diamond drill samples weighed in water and air to determine bulk density, and then crushed to 6.5mm

• 3-5kg sample preparation by pulp mill to nominal P80/75um.

• Ni assays by ICP-OES following a 4 acid digest (Intertek analysis code 4A/OE).

• Certified Reference Standards and field duplicate samples were inserted at regular intervals to provide assay quality checks. Review of the standards and duplicates are within acceptable limits.

• Cut-off grade 1% Ni with up to 2m of internal dilution allowed (with the exception of holes MFED004 & MFEC023).

• Given the angle of the drill holes and the interpreted 60 degree dip of the host rocks, reported intercepts will be more than true width.

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

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Figure 2: Camelwood Prospect Drill Hole Plan

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 2013

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Figure 3: Camelwood Drill Long Section

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ROX RESOURCES LIMITED – ASX RELEASE 20 May 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 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-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 are required 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) over an additional 4 years.

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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