ROX RESOURCES LIMITED — Capital/Financing Update 2021

Mar 25, 2021

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Ref: RRL1734L-BD

26 March 2021

The Company Announcements Office Australian Securities Exchange

via electronic lodgement

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Rox Resources Limited (ABN 53 107 202 602) ( Company ) advises that on 26 March 2021 the Company issued 314,285,714 fully paid ordinary shares in the capital of the Company at an issue price of $0.035 each ( Placement Shares ) and 157,142,857 options to acquire fully paid ordinary shares in the capital of the Company ( Placement Options ) pursuant to the placement which the Company announced on 18 March 2021. The Placement Shares and Placement Options were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Corporations Act ).

In accordance with section 708A(5)(e) of the Corporations Act, the Company gives notice that:

• (a) the Placement Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under paragraph 708A(5)(e) of the Corporations Act;

• (c) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act; and

• (d) as at the date of this notice, there is no information that is "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act.

Authorised for release by Brett Dickson, Company Secretary of the Company.

Yours faithfully

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Brett Dickson

Rox Resources Limited ABN 53 107 202 602 Level 1, 34 Colin Street, West Perth WA 6005 Telephone: +61 8 9226 0044 Facsimile: +61 8 9322 6254 Email: admin@roxresources.com.au