Robex increases its interest in Wili-Wili permits and moves forward with prefeasibility study on Nampala

QUEBEC, June 10 /CNW Telbec/ - Robex Resources Inc. (TSX-V: RBX.V) announces that negotiations with the original owner of the two Wili Wili permits have been completed with the result that it now holds a 95% interest in both permits. Furthermore, within the framework of its ongoing prefeasibility study on the Nampala deposit, which aims to bring this deposit to production, Robex's technical team will soon complete a block model study on the gold distribution within the deposit that will support the next drilling campaign.

Wili Wili and Wili Wili West: Robex now owns 95% interest

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Negotiations with Mr Oumar Tidiane Sow, previous owner of the two Wili Wili permits and now minority partner, are now completed and the originally scheduled installment payment of 40 000 $ has just recently been paid by Robex to Mr Sow. This transaction thus increases Robex's interest in these two permits from 85% to 95%. Remind you that it is along the border between these two permits that Robex has discovered the Fandou gold zone where significant mineralization has been uncovered along a 1.0 km north-south axis. The best drill intersection to date comes from reverse circulation (RC) hole WR139 where 4.2g/t Au over 22 m is reported.

Nampala: Prefeasability study moving along well

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As part of the ongoing prefeasability study on Nampala, Robex's technical team will soon complete a block model study on the gold distribution within the deposit. In 2007, a resource evaluation outlined, within the Nampala deposit, a NI 43-101 compliant inferred resource of 760 000 oz of gold at a grade of 1.0g/t Au. This block model study will support the planning of an extensive infill RC drill program that intends to upgrade the known resource base, from inferred to measured and indicated, for the mineralization contained between the surface and the base of the oxidized portion of the orebody to a vertical depth of -65 m.

Also, as part of the same prefeasibility study, Environment and Social Development Company (ESDCO) Sarl, a Malian company, recently completed a preliminary environmental impact study of an eventual mining operation at Nampala. The study outlines the various elements that will require consideration within the framework of a complete environmental and social impact study to be carried out prior to an eventual production start-up at Nampala.

Four major Robex permits renewed for three years

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Robex is also happy to confirm that the Ministry of Mines and Geology of Mali has renewed four of its prospecting permits for an additional three-year period. These renewals apply to the Diangounte, Kamasso, Wili Wili and Wili Wili West permits, all located along the prolific West Mali Gold Belt.

    
           On behalf of the Board of Directors, Rolland Veilleux,
                            Chairman of the Board

                              www.robexgold.com
    

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responsibility for the accuracy or adequacy of this release.

Contacts

Investor relations: André Gagné
President
1-877-411-5151
andregagne@robexgold.com