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Rox Resources Ltd. (RXRS/RXRS.PK) Wrap Up:

Rox Resources, Ltd. operates as a mineral mining and exploration company in Canada. It has mining interests in Lynn Lake, Manitoba, Canada. The company also engages in seeking out economic deposits in Canada. Rox Resources, Ltd. was formerly known as Alliance Explorations, Ltd. The company is based in Toronto, Canada with an exploration office in Lynn Lake, Canada.
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Rox Resources Ltd. (RXRS:OTC)

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Key developments for Rox Resources Ltd. (RXRS)

Rox Resources Ltd. Announces Evaluation of the Zinc Resource at Myrtle

Rox Resources Ltd. announced that evaluation of the zinc resource at Myrtle has identified a central zone of continuous higher grade mineralisation. Previous of the resource at Myrtle have been undertaken at cut-off grades of 3% Zn +Pb and 5% Zn +Pb, and have shown that Myrtle is a significant Australian and global zinc deposit. The new resource estimates are at higher cut-off grades to reflect the current lower zinc and lead prices, and continue to demonstrate the significance of the Myrtle zinc deposit. The Inferred Mineral Resource estimated for Myrtle at a 6% Zn +Pb cut-off grade, stands at: 8.2 million tonnes grading 6.4% Zn, 1.9% Pb, (8.3% combined Zn +Pb), at a 6% Zn +Pb cut-off. This resource estimate indicates continuous higher grade mineralisation within the much larger Inferred Resource at Myrtle of 38 Million tonnes grading 4.2% Zn, 1.0% Pb, at a 3% Zn +Pb cut-off. Table 1 in the Appendix sets out the Inferred Resource estimates at various cut-off grades.

Rox Resources Announces Phase 1 Work Program at the Fox Mine Property, Located South-West of Lynn Lake, Manitoba

Rox Resources Ltd. announced that the Company has initiated Phase 1 of a multi-phased program to undertake the development of their Fox Mine property located in Lynn Lake, Manitoba. The Phase 1 program will consist of a deep penetrating TEM and Mag/VLF survey to be undertaken immediately adjacent and west of the existing mine site and will consist of 15 line kilometers. This area is thought to host the inferred extension of the Wasekwan formation. The Wasekwan formation is host to the former Fox mine, a Cu-Zn producer which historically produced 11.9 million tonnes @1.82% Cu and 1.78% Zn. Previous operators have stated that the Fox mine ore body appears to increase in grade and width with depth. Additionally, the most current information suggests the possibility of multiple stacked en-echelon sulphide horizons. Rox Resources geologists feel that advances in TEM technology will provide information below the data obtained by previous operators. The historic drill data outside of the mine area addressed shallow (less than 200 meters deep) geophysical targets. Considering current exploration models and the increased depth of penetration of the upcoming TEM program, it is felt that significant sulphide mineralization could be encountered below the current depth of exploration. Phase 2 of the program will consist of drilling targets delineated by the above survey and to commence compilation of the available mine and exploration data.

Rox Resources Ends Joint Venture with Avalon Minerals Ltd

Rox Resources Ltd. announced that it reached agreement with Avalon Minerals Ltd. to withdraw from the Lennard Shelf joint venture, into which Rox had entered in September 2007 earning up to 60%. Due to the current low zinc prices and difficulties accessing the area for exploration, both companies reached agreement to terminate the joint venture.

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