Robex Resources Inc.

Robex Resources Inc.

November 09, 2007 15:30 ET

Robex private placement closing - New orientation

MONTREAL, QUEBEC--(Marketwire – Nov. 9, 2007) - Robex Resources Inc (TSX-V: RBX) announces the closing of a non-brokered private placement for total proceeds of $833,000. Robex has consequently issued 4,627,779 units priced at $0.18. Each unit included one share and a 2 year half-warrant. Each whole warrant entitles the holder to buy one share of Robex for $0.28. The proceeds will be used to continue the exploration program on Robex' properties in Mali, West Africa.

New orientation

A few months ago, Robex announced major changes within its management. The most important one being a change in the presidency; Jean Demers became President and CEO of Robex and plans to make substantial changes in the Company's activities.

In the past few years, Robex acquired some ten quality exploration projects and has developed them by investing its own financial resources without the participation of partners. Robex will, from now on, favor partnerships and the sharing of the risks of exploration. This idea will be the basis of the Company's new strategy.

Moreover, because exploration work in West Africa is interrupted every year for several months during the rainy season, Robex is seeking new strategies in order to remain active year-round.

Several scenarios are considered to improve the Company's outlook and performance for its shareholders.

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 TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Jean Demers, Geo
President & CEO

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