Québec city, Quebec, November 29, 2019 – Robex Resources Inc. (“Robex” and/or “the Company”) (TSXV: RBX / FWB: RB4) is pleased to publish news on their on-going operations.

EXPLORATION

The Board has placed additional emphasis on the budget allocated to prospecting in order to accelerate the work needed to discover new supplementary deposits.

Until now, such work was mainly outsourced. Though this provided excellent results, we think they could be sped up further by integrating work into the Company on a wider scale and minimizing subcontracting—enabling faster work at a lower cost.

ROBEX has set up a new exploration department integrating internal skills and supervised by 2 independent QPs. From January 2020, this means drilling continuously (and no longer by campaign). This will optimize costs, increase the number of drill-holes and the speed of work, making it possible to discover additional reserves and add value to Malian soil.

Accompanying this new organization, the Company is investing:

  • In equipment: calls for tenders are underway to select new drilling equipment;
  • In the construction of a 700 m² carro library (end of Q1 2020);
  • In dedicated hardware and software;
  • In the training of geologists on the latest software tools; and
  • In the laboratory (managed on site by SGS) to be able to absorb the increase in the number of samples to be analyzed.

OPERATIONS

The Nampala mine will continue investing to maintain a high level of security presence and sustain the lowest possible production cost:

  • Generating station

The Nampala mine is currently installing 3 Caterpillar generator sets (2 MWh each). On this occasion, the control-command system for the entire plant is being upgraded to optimize operation and maintenance of all of the plant’s generator sets and to eventually enable integration of a hybrid energy mix based on renewable energies in order to reduce the greenhouse gas impact (solar power plant + battery) and the cost of power generated, not to mention, to ensure stable power production thanks to the excess capacity the arrival of these three generator sets represents.

  • Fuel power plant

Diesel storage capacities will be expanded to increase safety stock levels and to take into account the additional needs of the new exploration department. Fuel consumption tracking is being switched from a traditional system to a digital system, from the fuel’s arrival to its final consumption. This should make it possible to ensure highly accurate tracking of deliveries and actual consumption in order to very precisely monitor fuel costs. Our challenge is to lower costs further while offsetting the increased consumption linked to increased production.

  • Ore preparation

After starting up the crusher (Mineral Sizer); the initial feedback is very satisfactory, both in terms of the ore and production stability. Therefore, this investment will be made permanent by adding a detachable conveyor enabling the mineral sizer to feed the plant directly. Furthermore, the ball mill circuit will also be supplemented by a secondary crusher, which will increase efficiency of the milling circuit.

The process water supply circuit is being improved to support production growth.

  • Stock management

In-depth work on continuous improvement of stock management and procurement is underway for more effective quality control and quality assurance. Extensive work was also undertaken to rein in supplier procurement costs a bit more. This therefore involves further improving performance and availability of stock and purchases.

SECURITY

The Nampala mine has strengthened its security teams. An additional security expert with in-depth experience has been appointed. Even though the area is unstable, we should congratulate ourselves on the fact that no significant events have been reported, and we take care to guarantee the security of goods and people through multiple actions. This subject is one of the Board’s top concerns, owing to what happened a few days ago in Burkina Faso.

CSR

CSR (Corporate Social Responsibility) is on the rise. A new community development plan is currently in the works in cooperation with community representatives in order to add value to sustainable development. Good environmental work, collaboration with communities and the benefit of projects essential to community living, including healthcare and education, effectively contribute to local partnerships that are advantageous to local development and which add to the significant impact of jobs created in the region.

OPTIONS

With the excellent work done and great results achieved by Robex’s teams, Robex announces the grant of 11,700,000 stock options to directors, officers and employees. These stock options are granted in accordance with the terms of the stock option plan of the Company. All options vest on their date of grant and each option entitles the holder thereof to purchase one (1) common share of the Company at a price of CND $0.13 per common share for a period of five (5) years from November 29, 2019.

Robex currently has 580,259,566 common shares issued and outstanding. Under the Company’s Stock Option Plan, a maximum of 34,770,600 common shares are available to be issued pursuant to the exercise of options at this time. Including this grant of options for 11,700,000 common shares, a total of 23,000,000 common shares have been reserved for issuance pursuant to outstanding option grants. There are 9,520,600 further common shares remaining available for issuance at this time with respect to future option grants.

For Information:

Robex Resources Inc.
 Benjamin Cohen, CEO
Augustin Rousselet, CFO/COO
Head office: 581-741-7421
info@robexgold.com

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.