Robex Resources Inc.

Robex Resources Inc.

June 27, 2007 12:28 ET

Robex closes a $500,000 private placement

MONTREAL, QUEBEC--(Marketwire – June 27, 2007) - Robex resources Inc (TSX-V: RBX) is pleased to announce it has closed a private placement financing of $500,000 with Sprott Assets Management Inc. The private placement is made up of 1,851,851 Units at a price of $0.27 per Unit. Each Unit consists of one common share and one half common share purchase warrant. Each common share purchase warrant entitles the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.37.

Under applicable securities legislation and the policies of the TSX Venture Exchange, the common shares and warrants comprising the units are subject to a four-month hold period. Proceeds from the Offering will be used to fund the Company's gold exploration programs in Mali, West Africa and for general corporate purposes.

No brokerage fee was paid for this private placement. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Robex Resources Inc TSX-V: RBX is a Canadian mining exploration and development company focusing on Mali, West Africa. Mali is currently the 4th most important gold producing country in Africa. Robex' permanent exploration office is located in Mali, and is operated by senior geologists with an extensive experience in West African mining exploration. The team works on projects the Company already owns and is always on the lookout for new projects with favourable geology and a high potential for the discovery of world-class gold deposits. This permanent presence in Mali has allowed Robex to become one of the most active exploration and development companies in West Africa. In 2005, Robex was the third most important mining company operating in Mali in terms of investment in exploration.


Marcel Bédard, Chairman

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