Robex Resources Inc.

Robex Resources Inc.

October 18, 2007 16:34 ET

Robex closes a preliminary $615,200 on its current private placement

MONTREAL, QUEBEC--(Marketwire – Oct. 18, 2007) - Robex Resource Inc (TSX-V: RBX) has closed a portion of its non-brokered private placement financing announced on September 25, 2007. Proceeds of $615,200 have been raised by the issuance of 3,417,779 units at $0.18 per unit. Each unit consisted in one common share and one half of a share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.28 for a period of 24 months from the closing date.

The shares and warrants issued pursuant to this private placement, and any shares issued on exercise of the warrants, are subject to a four-month holding period. Robex expects to close the balance of the private placement of up to $1,500,000 on November 9th.

Robex is pleased to highlight the participation of Sodemex II and Sprott Assett Management in this first closing.

Proceeds from this financing will allow Robex to initiate its 2007-2008-exploration program within the next few weeks.

Robex Resources is a gold exploration corporation active in Mali. Its growth potential lies in the quality of its team, its projects and on its Management's objective to create value for its shareholders.

The private placement is subject to the approval from regulatory authorities.

On behalf of the Board of Directors

Jean Demers, P. Geo,
President & CEO,

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