Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

March 02, 2016 09:00 ET

Robex Resources Inc.: The Nampala Mine Confirms its Progress Towards Full Production

QUEBEC CITY, QUEBEC--(Marketwired - March 2, 2016) - Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to inform its shareholders that the Nampala mine operations are 24 hours a day, 7 days a week, with a daily production between 1,000 and 1,500 tonnes of ore (tpd). In addition, the mine was able to maintain an availability of 83% over the first 50 days of the year despite the interruptions related to the construction on site. During this period, approximately 65,000 tonnes of ore was processed. The recovery rate is consistent with the objectives. This confirms that the Nampala mine is moving towards full production.

The final construction phase is engaged under these good auspices: the gas oil, Central power station and the 2 additional CIL tanks (to bring the total to six) will be operational in March. The installation of the ball mill, the cyclone tower, the Zadra type elution system and the additional water supply circuit are also now being installed. Finally, civil engineering is also 95% completed.

The commissioning of the added equipment to reach the target of 4,000 tpd will start early in the second quarter of 2016.

During this same period, the company plans to add a second feed bin to the actual design. This second feeding bin, which was not initially planned, will increase the mines production compared to the initial objectives and secure the availability of the ore supply.

The company invites you to visit his website at www.robexgold.com to see new photos and videos of the mine Nampala, or by clicking on these links: Photos and Videos.

The good results obtained during this period of pre-production have boosted confidence with the local banking partners, which has already helped to successfully engage the restructuring of part of the company's.

This type of debt restructuring is conventional in a project that is reaching its maturity. This allows the company to obtain better financial conditions, reduce the debts interest charges and to spread the repayment of capital over time. The amounts borrowed were mostly charged on overdue receivables, and compensation for previous financing. The company has a loan agreement with BICIM, member of BNP PARIBAS and two other loan agreements with ECOBANK MALI.

Georges Cohen, president and CEO, said: "The teams are working tirelessly at a good pace in order to soon launch the phase which will allow us to reach 4,000 tonnes per day. The bank financings concluded with renowned banks in Mali is great news because this confirms the confidence of the banking institutions towards the Nampala mine project and allows us to reduce the company's debt burden. This further demonstrates the grounds for our strategy which was to start the pre-production as soon as possible with a small ball mill and demonstrate our ability to be a gold producer in its own right."

This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Robex's control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavourable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Robex. The forward-looking information is based on the estimates and opinions of Robex's management at the time of the publication of the information and Robex does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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