Kobex Resources Ltd.

Kobex Resources Ltd.

August 22, 2007 14:51 ET

Kobex Launches New Website and Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - Kobex Resources Ltd. (Kobex) (TSX VENTURE:KBX) wishes to provide the following update on its Lucky Jack molybdenum project (the Project) located in Gunnison County, Colorado.

A new corporate website at www.kobexresources.com has been launched. The previous Kobex website has been redesigned and rebranded to provide improved corporate and project communications with the public, shareholders and potential investors. The new website will allow access to the latest developments and up to date information about the Project.

Kobex has recently added to its staff and is pleased to announce the appointment of Mr. Michael McGinnis to the position of Chief Geologist with Kobex Colorado Corporation. Mr. McGinnis has over 25 years of experience in exploration and mining geology, holds a B.Sc. in Geology from Fort Lewis College, Durango, Colorado, is a Certified Professional Geologist in the United States and a qualified person under NI 43-101. Mr. McGinnis is a Colorado resident and has extensive geological experience including drill planning, management and QA/QC programs.

Thyssen Mining Construction of Canada Inc. (Thyssen) has commenced its work to safely rehabilitate the existing underground development workings at the Project. Thyssen's contract is expected to take nine to ten months to complete and Kobex is planning to commence a detailed exploration and in-fill delineation underground drilling program within this time frame.

Kobex would also like to inform investors that it has been judicious in its protection of the capital it has on hand. The company has invested only in term deposits with chartered banks. As such the company has no exposure to inferior debt instruments.

Mr. Leo King, president, commented, "Kobex continues to advance the development of the Project with the commencement of the underground rehabilitation program. The Company expects that its new corporate website will provide the public at large and the Company's shareholders easier access to current corporate and Project information."

On behalf of the Board of Directors

H. Leo King, President

This news release includes certain statements that express management's expectation or estimates of future performance and may be deemed "forward-looking statements". These forward-looking statements include plans, estimates, forecasts and statements as to management's expectations concerning Kobex and its proposed acquisition of an interest in the Lucky Jack Project, including, among other things, Kobex's plans to earn a 65% interest in the Project and the requirement to purchase 100% of the Project. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.

United States residents are cautioned that some of the information that may be published by Kobex may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information