ROX RESOURCES LIMITED — Capital/Financing Update 2022

Jan 30, 2022

RR1806D

ASX ANNOUNCEMENT

31 January 2022

ROX RESOURCES LIMITED ASX: RXL

Rox Resources Limited (ASX: RXL) is an Australian listed Company with advanced gold projects in Western Australia: the Youanmi Gold Project and the Mt Fisher Gold project

Notice under Section 708A(5)(E) of the Corporations Act 2001 - Cleansing Statement

West Australian focused gold exploration and development company Rox Resources Limited (”Rox” or “the Company”) (ASX:RXL) wishes to confirm the issue on 31 January 2022 of 1,333,333 fully paid ordinary shares on the exercise of 1,333,333 unlisted options exercisable at 16.3 cents per share.

The Company provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) in respect of the issue.

For the purposes of section 708A(6) of the Act, the Company gives notice that:

DIRECTORS

Mr Stephen Dennis Chairman

Mr Alex Passmore Managing Director

Dr John Mair Non-Executive Director

Shares on Issue 158.9m Share Price $0.42 Market Cap. $66.7m Cash $5.6m (as at 31 Dec 2021)

• (a) 1,333,333 fully paid ordinary shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) this Notice is being given under section 708A(5)(e) of the Act;

• (c) as at the date of this Notice, the Company has complied with: i) the provisions of Chapter 2M of the Act as they apply to the Company; and

• ii) section 674 of the 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 Act that is required to be set out in this Notice.

Authorised for release to the ASX by the Board of Rox Resources Limited.

Level 2, 87 Colin Street, West Perth WA 6005

+61 8 9226 0044

admin@roxresources.com.au www.roxresources.com.au

Follow Rox:

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ENDS

For more information:

Alex Passmore Managing Director Tel: +61 8 9226 0044 E: admin@roxresources.com.au

About Rox Resources

Rox Resources (ASX:RXL) is a West Australian focused gold exploration and development company. It is 70 per cent owner and operator of the historic Youanmi Gold Project near Mt Magnet, approximately 480 kilometres northeast of Perth, and wholly-owns the Mt Fisher Gold project approximately 140 kilometres southeast of Wiluna. Youanmi has a Total Mineral Resource of 2,994 koz of contained gold, with potential for further expansion with the integration of existing prospects into the Resource and further drilling. Youanmi was a high-grade gold mine and produced 667,000 oz of gold (at 5.47 g/t Au) before it closed in 1997. Youanmi is classified as a disturbed site and is on existing mining leases which has significant existing infrastructure to support a return to mining operations.

ASX CODE: RXL

ROX RESOURCES LIMITED 2 Level 2, 87 Colin Street, West Perth WA 6005 +61 8 9226 0044

E: admin@roxresources.com.au www.roxresources.com.au