QUEBEC CITY, QUEBEC--(Marketwire - Dec. 21, 2012) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that its shareholders (representing 90,739,985 shares) voted in favor at 99.63%, for the approval of the private placement of 68,000,000 units for a consideration of $ 6.8 million from the "Cohen Group." These funds will be allocated to the advancement of the ongoing work for the construction of a gold production plant on Nampala.

As stated in the press release dated Tuesday, October 30, 2012, the "Cohen Group" (Julien Cohen, Laetitia Cohen, Emily Cohen, Cohen and Johan Contat Benjamin Cohen), has invested a total of $ 8,000,000 in the project. . In consideration, the Company issued 80,000,000 units of the Company (the "Units") at a price of $ 0.10 per unit representing a gross product of $ 8,000,000. Each unit consists of one common share of the Company (a "Common Share") and one warrant to purchase shares of the Company (a "Warrant"). Each whole warrant entitles the holder the right to acquire, at any time before October 29, 2017, one additional common share of the Company at a price of $ 0.25. The common shares and warrants included in the units placed along with the common shares underlying the warrants are subject to a hold period of four months plus one day. Following the closing, the "Cohen Group" held a participation representing 30.9% of the common shares of the Company. On this basis, the TSX Venture Exchange considered that the placement of units from the "Cohen Group" resulted in the emergence of a dominant shareholder, which is why part of the investment, which is 68 million units ($ 6.8 million), was subject to obtaining the approval of the shareholders of the Company. As mentioned above, the shareholders have strongly approved (at 99.63%) the placement of units at a meeting held on December 18, in Quebec City. This placement is subject to the final approval of the TSX Venture Exchange.

Reminder for the Nampala mining project

Remember that the Company has decided to launch a gold production plant having a capacity of about 1500 tonnes per day ("t / d") and rapidly increasing it sequentially, including through organic cash flow until the threshold of 6,000 t / d, as provided in the feasibility study (approximately 50,000 ounces of gold per year) is reached. The expansions are foreseen as soon as the construction of the first phase is completed. If this were required, we believe that being in production would advantage the possibilities for bank financing for the planned expansions. In addition, the eventual exercise of warrants issued in this financing is specifically designed to address the so-called expansions. Robex continues its exploration on Mininko (Nampala) to double its resources with the aim to potentially increase its production to about 13 000 t / d.

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.

The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.

Contact Information:

Investor relations
Andre Gagne
President and CEO
Skype: andregagne11