Robex - Signing of a drilling contract on Nampala



    TSXV : RBX

    MONTREAL, Oct. 29 /CNW Telbec/ - Robex Resources Inc (TSX-V: RBX)
announces the signing of a diamond-drilling contract on the Nampala deposit
located on the Mininko property, South Mali. Robex plans to start its
2007-2008 exploration program in early November.
    The program's goal is to confirm the increase of gold grades with depth
and to better understand the structure of the deposit.
    In June 2007, a 43-101-resource calculation report on Nampala defined
inferred resources of 760,000 ounces of gold at an average grade of 0.9g/t Au.
Drilling should begin in the first week of November.

    Amendment to escrow conditions agreement
    ----------------------------------------

    Robex Resources Inc. has executed on October 22, 2007 a new agreement
amending the escrow conditions pursuant to the National Policy 46-201 (Escrow
for initial public offerings) with regard to 368,750 Common Shares of the
company held by 11 persons. Robex's shareholders approved this amendment.
These shares were escrowed since 1987. The new release conditions are as
follows:

    
    Date                          % of Escrowed Common     Number of Shares
                                     Shares Released
    -----------------------------------------------------------------------
    December 29, 2007                       10 %               36,875
    April 29, 2008                          15 %               55,312
    October 29, 2008                        15 %               55,312
    April 29, 2009                          15 %               55,312
    October 29, 2009                        15 %               55,312
    April 29, 2010                          15 %               55,312
    October 29, 2010                        15 %               55,315
        TOTAL:                              100%              368,750
    -----------------------------------------------------------------------
    

    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.

    ON BEHALF OF THE BOARD

    Jean Demers, Geo
    President & CEO,
    j.demers@robexgold.com




For further information:

For further information: M-C Poitras, Communications, (418) 870-1482,
mc.poitras@robexgold.com

Organization Profile

ROBEX RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890