ROX RESOURCES LIMITED — Capital/Financing Update 2012

Jun 25, 2012

ROX RESOURCES LIMITED – 22 December 2011

ASX/MEDIA RELEASE

26 June 2012

MT FISHER GOLD MINE OPTION EXTENDED

HIGHLIGHTS

• Option extended to 30 June 2013

• Indicated Mineral Resource of 25,000 ounces defined below open pit and still open at depth

Rox Resources Limited ( ASX: RXL ) (“ Rox ”) is pleased to advise that after a successful exploration campaign during 2011 it has extended its Option to acquire the Mt Fisher gold mine and associated tenements at the Mt Fisher gold project 220km north of Leonora in Western Australia, (Figure 1) for a further year to 30 June 2013.

The Option tenements cover an area of 170 km[2] and are adjacent to the company’s 485 km[2] wholly owned tenements (Figure 2).

Rox Managing Director, Mr Ian Mulholland said, “During 2011 we completed over 3,000 metres of RC drilling in 14 holes on the Option tenements, flew airborne VTEM and magnetics, and defined a JORC compliant Mineral Resource of 215,200 tonnes grading 3.57 g/t Au (Measured 119,600t @ 3.60 g/t Au, Indicated 56,700t @ 3.62 g/t Au, Inferred 38,900t @ 3.41 g/t Au) underneath the old Mt Fisher open pit.”

The resource is still open down plunge and down dip beneath the open pit (Figure 3) and is just a portion of the overall Mineral Resource defined on the project of 973,000 tonnes grading 2.75 g/t Au.

“This year we have completed a detailed structural analysis of the area which has produced a number of targets on other parts of the Option tenements away from the mine that we plan to drill test soon, Mr Mulholland said.”

- ENDS -

For more information:

Shareholders Media Ian Mulholland Tony Dawe/Belinda Newman Managing Director Professional Public Relations Tel: +61 8 6380 2966 Tel: + 61 8 9388 0944 admin@roxresources.com.au 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 6380 2966 Facsimile: +61 8 6380 2988 Email: admin@roxresources.com.au

RRL1146D-IM

ROX RESOURCES LIMITED – ASX RELEASE 26 June 2012

==> picture [222 x 307] intentionally omitted <==

Figure 1: Mt Fisher Project Location

==> picture [223 x 299] intentionally omitted <==

Figure 2: Mt Fisher Tenements (Option tenements shown in blue, Rox tenements in red)

==> picture [454 x 253] intentionally omitted <==

Figure 3: Mt Fisher Mine Long Section

2

ROX RESOURCES LIMITED – ASX RELEASE 26 June 2012

About Rox Resources

Rox Resources (ASX: RXL) is an Australian exploration company with three key projects: the Mt Fisher Gold project in Western Australia, and the Myrtle zinc-lead project and Marqua phosphate projects, both located in the Northern Territory.

At Mt Fisher , Rox owns a highly prospective area of 485 km[2] , well endowed with gold , and with strong potential for nickel , only 40km to the east of the prolific Yandal greenstone belt and 100km east of the main Wiluna greenstone belt. In addition Rox has an Option to acquire a further area of 170 km[2] , including the Mt Fisher gold mine which has produced ~ 4,500 ozs of gold from historic underground mining and 22,500 ozs of gold from open pit mining, and is open at depth and down plunge. The total area under exploration by Rox at Mt Fisher is 655 km[2] .

Drilling by Rox during 2011 has allowed a JORC compliant 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).

Three parallel structures at the Dam-Dirks prospect define a 7km long gold-in-regolith anomaly which is largely untested at depth, and which already hosts the 54,000 ounce Damsel gold deposit. There are numerous high grade drill results over the project area including 1m @ 187 g/t Au and 3m @ 67 g/t Au at the Moray Reef prospect where a high grade resource of 8,000 ounces grading 7.5 g/t Au has been defined. At the Mt Fisher mine a 25,000 ounce resource has been defined beneath the old open pit.

Rox has signed a joint venture agreement with Teck Australia Pty Ltd. (“Teck”) to explore its Myrtle zinc-lead project tenements which cover 669 km[2] adjacent to the world-class McArthur River zinc-lead deposit in the Northern Territory. The terms of the JV require Teck to spend $5 million to earn an initial 51% interest within 4 years including a minimum of $1 million and 2,000 metres of drilling by 21 July 2012. Teck can increase its interest in the project to 70% by spending an additional $10 million ($15 million in total) over an additional 4 years.

A SEDEX style deposit has been identified by Rox at the Myrtle prospect, where a JORC compliant Indicated and Inferred Mineral Resource of 43.6 million tonnes grading 4.09% zinc and 0.95% lead has been delineated (Indicated: 5.8 million tonnes grading 3.56% zinc and 0.90% lead, Inferred: 37.8 million tonnes grading 4.17% zinc and 0.95% lead).

Thick drill intercepts of prospective stratigraphy carrying significant zinc-lead grades have already been made but only a small portion of the prospective area has been drilled, and Rox is extremely confident the resource will to continue to grow with further drilling. A higher grade core of 15.3 million tonnes grading 5.45% zinc and 1.40% lead is present, and a large mineralised system is indicated. Several other prospects in the tenement area have similar potential to Myrtle but are at an early stage of exploration.

Rox also owns 100% of the Marqua phosphate project in the Northern Territory located 300km southwest of Mt Isa. A 30 km long strike length of phosphate bearing rocks has been identified by surface sampling (up to 39.4% P2O5) and drilling (including 6m @ 19.9% P2O5 and 5m @ 23.7% P2O5), and there is the potential for a sizeable phosphate resource to be present. The project is located only 250 km from the nearest railhead and gas pipeline at Phosphate Hill and covers ~ 2,600 km[2] .

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.

3