ROX RESOURCES LIMITED — Capital/Financing Update 2014

Aug 24, 2014

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

ASX ANNOUNCEMENT

Rox Resources Limited

ASX: RXL

Address: Level 1 30 Richardson Street WEST PERTH WA 6005

PO Box 1167 West Perth WA 6872

Ph: (61 8) 9226 0044 Fax: (61 8) 9325 6254

Email:

admin@roxresources.com.au

Web:

www.roxresources.com.au ABN: 53 107 202 602

25 AUGUST 2014

DIAMOND DRILLING COMMENCES AT TEENA ZINC PROSPECT

• 4,000m diamond drilling program commences at Teena zinc prospect

• Objective is to define the limits of the Teena highgrade zinc mineralisation

Rox Resources Limited ( ASX: RXL ) (“ Rox ” or “ the Company ”) is pleased to report that a 4,000 metre diamond drilling program has commenced at the Teena prospect, which forms part of the Reward zinc project in the Northern Territory.

The Reward project is subject to an option/joint venture (JV) agreement between Rox (49%) and Teck Australia Pty Ltd (“ Teck ”) (51%), a subsidiary of Canada’s largest diversified resource company Teck Resources Limited. Teck have elected to increase their JV interest to 70% by expending up to $15 million in total by 31 August 2018.

Projects:

Mt Fisher: nickel-gold (100%)

Reward: zinc-lead (49%)

Bonya: copper-silver (earning up to 70%)

==> picture [140 x 205] intentionally omitted <==

Managing Director Ian Mulholland commented, “ This new diamond drilling program is designed to define the limits of the large high grade zinc mineralised system already discovered at Teena. The results will give us a better idea of the size dimensions and therefore resource potential.”

Teena was discovered by Teck in August 2013 after drilling four (4) deep, widely spaced diamond drill holes into a prospective mineralised basin, located just 8km west of the McArthur River zinc-lead mine (Figure 1).

The initial drilling produced a series of spectacular drill intercepts (ASX:RXL 5 August 2013, 26 August 2013, 18 September 2013, 11 October 2013, Figure 2) including:

26.4m @ 13.3% Zn+Pb from 1,060.1m in hole TNDD009

including 8.0m @ 21.2% Zn+Pb from 1071.0m

20.1m @ 15.0% Zn+Pb from 944.3m in hole TNDD010

including 12.5m @ 19.5% Zn+Pb from 951.5m (Figure 3)

20.3m @ 13.9% Zn+Pb from 901.0m in hole TNDD011

including 14.2m @ 18.4% Zn+Pb from 907.1m, and

14.9m @ 10.4% Zn+Pb from 676.0m in hole TNDD012

including 6.0m @ 14.6% Zn+Pb from 684.9m

In addition to these exceptionally high grade intercepts, a second lower lens is also present, with results as follows:

RRL1340D-IM

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

==> picture [103 x 52] intentionally omitted <==

• 6.9m @ 8.9% Zn+Pb from 1121.0m in hole TNDD009

• 7.8m @ 8.7% Zn+Pb from 988.8m in hole TNDD010

• 5.7m @ 8.6% Zn+Pb from 937.3m in hole TNDD011, and

• 4.3m @ 8.9% Zn+Pb from 697.3m in hole TNDD012

Assay results from the new diamond drilling are expected during the next quarter.

ENDS

For more information:

Shareholders/Investors

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

2

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

==> picture [103 x 52] intentionally omitted <==

==> picture [480 x 446] intentionally omitted <==

Figure 1: Reward Project Tenement Plan showing prospect locations

3

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

==> picture [103 x 52] intentionally omitted <==

==> picture [465 x 401] intentionally omitted <==

Figure 2: Teena Prospect Drill Plan showing results

==> picture [349 x 237] intentionally omitted <==

Figure 3: High Grade zinc mineralisation in hole TNDD010

4

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

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 $3.6 million)

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 strong nickel potential. 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 defined a JORC 2012 Mineral Resource (ASX:RXL 3 October 2013) of 1.6Mt grading 2.2% nickel reported at 1.0% Ni cut-off (Indicated Mineral Resource: 0.6Mt grading 2.4% Ni, Inferred Mineral Resource: 1.0Mt grading 2.1% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 34,600 tonnes of nickel. A higher grade core of 520,000 tonnes grading 3.1% nickel reported at a 2.5% Ni cut-off (Indicated Mineral Resource: 240,000 tonnes grading 3.2% Ni, Inferred Mineral Resource: 280,000 tonnes grading 3.0% Ni) is present. The mineralisation is still open in all directions. The nickel Mineral Resource occurs partly on tenements under Option to Purchase to Rox, with an exercise price payable as follows: $1.1 million by 30 June 2014, $0.2 million by 31 December 2014, and $2.3 million by 30 June 2015.

Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2004 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 10 February 2012) of 973,000 tonnes grading 2.75 g/t gold reported at a 0.8 g/tAu cut-off 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) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.

Reward Zinc-Lead Project (49% + Farm-out Agreement)

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

The Myrtle zinc-lead deposit has a current JORC 2004 Mineral Resource (ASX:RXL 15 March 2010) of 43.6 Mt @ 5.04% Zn+Pb reported at a 3.0% Zn+Pb cut-off (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 zinc-lead prospect intersected 26.4m @ 13.3% Zn+Pb including 16.2m @ 17.2% Zn+Pb, and 20.1m @ 15.0% Zn+Pb including 12.5m @19.5% Zn+Pb , and together with historic drilling has defined significant high grade zinc-lead mineralisation over a strike length of at least 1.5km (ASX:RXL 5 August 2013, 26 August 2013, 18 September 2013, 11 October 2013).

Under the terms of the Agreement, Teck has now met the expenditure requirement for a 51% interest, with Rox holding the remaining 49%. 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 (ASX:RXL 21 August 2013).

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 at Bonya by spending $500,000 within the first two years. Rox can then 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.

5

ROX RESOURCES LIMITED - ASX RELEASE 25 August 2014

==> picture [103 x 52] intentionally omitted <==

Competent Person Statements:

The information in this report that relates to nickel Exploration Results for the Mt Fisher Project 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 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mulholland is a full time employee and Managing Director 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.

The information in this report that relates to nickel Mineral Resources for the Mt Fisher project was reported to the ASX on 3 October 2013. Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 3 October 2013, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 3 October 2013 continue to apply and have not materially changed.

The information in this report that relates to Exploration Results and Mineral Resources for the Reward Zinc-Lead and Bonya Copper projects and for the gold Mineral Resource defined at Mt Fisher, was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported, and 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.

6