Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

December 14, 2011 09:45 ET

Robex Resources Inc./Update on Metallurgical Testwork on Nampala Ore: Significant Reduction in Cyanidation Time

QUEBEC CITY, QUEBEC--(Marketwire - Dec. 14, 2011) - Ressources Robex Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce the results of its laboratory testing program for improving performance of the recovery process by adding a gravity circuit. Results obtained by Vancouver-based AcmeMet Labs are encouraging and hint at a significant reduction in cyanidation time while maintaining a recovery rate of 88.5% and a low cyanide consumption of 0.45 kg/mt.

The best result breaks down as follows:

Product Percentage of gold recovery
Gravity concentrate 19.7 %
Gold extraction after 8 hours 68.7 %
Total recovery 88.5 %

Previous testing without the gravity circuit produced results equivalent to 88% based on a minimum 30-hour cyanidation timeframe (see press release dated February 16, 2010).

Additional testing will be conducted in the coming weeks to confirm or improve these results, which hold the potential for significant savings in capital costs and operation.

Operating permit pending approval from Malian authorities

Following submission of the feasibility study to the National Directorate of Geology and Mines (DNGM) on November 15, Robex was convened to a hearing on December 2, in front of a panel of more than 20 people at the DNGM. At that time, Mr. André Gagné, Robex president and CEO, Mr. Florent Baril, Bumigeme president, and Mr. Abdel Kader Maiga, Robex Mali CEO, presented the project and answered questions from the panel; the dossier was endorsed by the DNGM by meeting close. The dossier will be referred to the Ministry of Mines by mid-December for the issuance of the mining permit. In addition, Robex is very pleased to have already received the environmental permit for the project.

For more information about the Nampala deposit and to consult the corporate presentation, please visit:

www.robexgold.com

The resources information of this release as well as the results set out have been verified by Jacques Marchand, P.Eng. P.Geo, and an independent Qualified Person.

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 Inc.'s ("Robex") 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, unfavorable 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 the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accepts any liability of any kind as to the authenticity or accuracy of this release.

Contact Information

  • Investor relations:
    Andre Gagne
    President and Chief Executive Officer
    418-527-5023
    a.gagne@robexgold.com
    Skype: andregagne11

    Media contact:
    Frederic Berard
    Vice President
    HKDP Communications and Public Affairs
    514-395-0375, extension 259