Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

November 20, 2014 08:30 ET

Robex Ressources Inc. : First Closing of Private Placement for $1,455,000 CND

QUEBEC CITY, QUEBEC--(Marketwired - Nov. 20, 2014) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) ("Robex" and/or "the Company") completed today a first closing of a private placement for an amount of $1,455,000. This placement was previously announced on October 30, 2014. Robex has issued 14,550,000 common shares at $0.10 per share for aggregate proceeds of $1,455,000.

The Company plans to proceed to a final closing once we will have completed this first financing for up to $2.5 Millions CDN.

The proceeds of this placement will be mainly used by Robex and its subsidiaries for general purposes while waiting for an additional financing. Indeed, the company is programming a second raise of up to $15. Millions CDN so as to restart the Nampala mine and reach a projected processing capacity of 5,500 tons of ore per day and become highly profitable.

The company, with metallurgical experts (Soutex), are working on the plan to resume operations at Nampala in the shortest possible time.

Nomination

Robex is pleased to announce the nomination of Serge Biron, geologist as advisor for its exploration programs in Mali. Mr. Biron is highly recognized in the world with more than 40 years of experience at International level and particularly in Africa. He has had multiple success with major exploration projects amongst companies such as Anglo Gold Corp. and Barrick Gold. Mr Biron successfully lead some discovery such as the 20 M oz Kibali/Doko property in Congo, Africa. He was until recently general manager for Barrick Gold in Africa.

For the placement, the common shares issued in this private placement are subject to a four-month and one day hold period. This placement is subject to final approval by the TSX Venture Exchange.

Also, an insider of Robex has participated in the private placement and pursuant to Regulation 61-101 respecting protection of minority security holders in special transactions ("Regulation 61-101"), such a purchase constitutes a "related party transaction". However, the transaction is exempt from the evaluation and minority shareholder approval requirements pursuant to the exemptions set out in subsection 5.5(a) and 5.7(1)(a) of Regulation 61-101, as the aggregate consideration does not exceed 25% of Robex's market capitalization. A material change report has not been filed at least 21 days prior the closing of the first tranche of this private placement as the participation of the insider had not been established at that time.

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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