Roxmark updates drilling programs, gold resources at Northern Empire Mine



    TORONTO, Oct. 2 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
provided an updated assessment of the 2007 and 2008 drilling programs at the
Northern Empire Gold Mine as well as a resource calculation, as per NI 43-101,
establishing just under 30,000 ounces of indicated and 20,000 ounces of
inferred gold resources at shallow depths over a limited drilled strike length
of the Contact and Power Zones.
    The 2008 program drilled 77 holes totalling 8,385 metres. The program,
which followed up on a successful 2007 drilling program of 26 holes,
intersected high grade gold mineralization in several holes. The mine has
historical resources calculated in 1988 by Dr. S. E. Malouf, then consulting
geologist, at 562,274 tons grading 0.22 oz Au/t. The Company is not treating
the historical estimate as current NI 43-101-defined resources and the
historical estimate should not be relied upon.
    The economics of Roxmark's future plans to reopen the Northern Empire to
produce gold and carry out underground exploratory drilling will benefit from
the availability of existing underground workings and of an upgraded, fully
permitted onsite mill.
    Peter Bevan, consulting geologist and a qualified person under NI 43-101,
has calculated the resources of the Power and Contact Zones above the diabase
sill to the second level (300 feet) only, as per NI 43-101, utilizing 2007 and
2008 drilling results obtained on selected strike lengths of the mine. Based
on a cut-off grade of 3g/t and a minimum horizontal width of 0.92 metres,
indicated and inferred resources for the limited drilled areas of strike
length of the Contact and Power Zones are as follows:

    
    -------------------------------------------------------------------------
                                        Tonnes      Gold      Gold    Ounces
                                                     g/t.     oz/t.  of gold
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Power (Indicated) - East Ext.       12,457     16.72      0.49     6,697
    -------------------------------------------------------------------------
    Contact (Indicated) - East Ext      32,544     12.24      0.35    12,808
    -------------------------------------------------------------------------
    Mine workings (Indicated)           41,651      7.69      0.22    10,298
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Power (Inferred) - East Ext          4,347     19.79      0.58     2,766
    -------------------------------------------------------------------------
    Contact (Inferred) - East Ext        6,829     14.13      0.41     3,102
    -------------------------------------------------------------------------
    Mine workings (Inferred)            53,572      8.62      0.25    14,847
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Total Indicated                     86,652     10.70      0.31    29,803
    -------------------------------------------------------------------------
    Total Inferred                      64,748      9.95      0.29    20,715
    -------------------------------------------------------------------------
    

    The full NI 43-101 Technical Report will be available within 45 days of
this news release, outlining the resources and confirming Bevan's previous
recommendation to dewater the mine and extract a 3,600-ton bulk sample
following rehabilitation of the underground workings above the second level.
The next step is to prepare a scoping study using external engineering
consultants and leading to large scale underground production.
    "We are highly encouraged by the increase in resources which reaffirms
our belief in the commercial viability of re-opening the Northern Empire
Mine," said Monir Younan, Roxmark President. "We are confident that the
current resources will take the project over the threshold for commercial
development," he added.
    The Northern Empire Mine was operated successfully by Newmont Mines from
1934 to 1941. The mine was serviced by a shaft to a depth of 2,460 feet and
produced 149,000 ounces of gold from 426,000 tons of ore at a recovered grade
of 0.35 oz Au/t. The on-site 200TPD mill (expandable to 500TPD) was built in
1982 and upgraded and permitted by Roxmark. It processed gold and molybdenum
ores in 2005 and 2006, respectively.
    The Northern Empire Mine is located in the Town of Beardmore,
approximately 200 km northeast of Thunder Bay and serviced by the Trans-Canada
Highway. Accessibility of all Roxmark properties including the Leitch Gold
Mine and the Nortoba-Tyson (a new source of gold and molybdenum) is a strong
advantage. Certain Roxmark holdings in the Geraldton Camp are under option
agreement to Premier Gold Mines Limited (TSX-PG) which has incurred more than
$6.1 million in exploration expenditures since September 2007 (for more
details see Roxmark's news release dated September 24, 2008).

    About Roxmark Mines

    Roxmark Mines Limited is the leader in gold and molybdenum exploration
and development in the historically significant Geraldton-Beardmore area of
Northwest Ontario. In the last two years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its fully-permitted mill and has
the advantage of infrastructure from six formerly highly productive gold mines
located on its properties. These mines previously produced nearly two million
ounces of gold from high grade ore but were closed primarily due to
dramatically lower gold prices at the time and to boundary issues, since
eliminated.
    Further information is available on the Company's website at
www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.

    Forward-Looking Statements

    This news release includes certain "forward-looking statements".  Such
forward-looking statements involve risks and uncertainties.  The results or
events predicted in these forward-looking statements may differ materially
from actual results or events.  Any forward-looking statement speaks only as
of the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.




For further information:

For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com; www.roxmark.com;
Renmark Financial Communications Inc.: Christine Stewart:
cstewart@renmarkfinancial.com; Barbara Komorowski:
bkomorowski@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717;
www.renmarkfinancial.com

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