Rox Resources Limited in conjunction with its joint venture partner Venus Metals Corporation Limited provided an update on exploration activities at Youanmi in the OYG JV area (Rox 70% and Manager, VMC 30%). Further results are reported herein relating to drilling undertaken in the latter part of CY2020. Drilling was focussed on the Grace prospect, near mine targets and areas of known mineralisation in proximity to existing resources. Rox continued to receive data for the northern extents of the Grace mineralisation in November and December. The favourable structure and lithology (green, sericitized quartz altered granite) continues although grades into less continuous zones along the Grace structure to the north. The Grace lode transitions into the wider lower grade open pit prospect Plant Zone. Importantly, the southern extent of the Grace structure, and the structure at depth have emerged as compelling targets. Rox's exploration model indicates that this zone has strong potential for significantly enhancing near mine gold inventory. The southern part of the Grace structure likely intersects the Youanmi mine shear below and south of the historically mined Pollard lodes. These lodes were principally mined in the 1930's with historical mine records indicating production of 260,000oz at 15 g/t Au mined grade. The modern era (1987­ 1993) open pit then mined out remnant mineralisation between surface and 120m below ground level. This new target "Junction" is to be tested via drilling commencing in late January or early February 2021. Elsewhere, Aircore drilling to test new targets to the north of the Youanmi mine area has identified extensive gold anomalism in the Youanmi Granite. Several zones greater than 250ppb Au have been delineated indicating gold bearing structures in the granite, that when traced back to intersecting positions in the mafic lithologies, present high priority drill targets. Activities since the start of October 2020 also focused on identifying new high-grade, north-south trending structures (i.e. analogous to Grace) north of prospects Hill End, United North, Kathleen, and Rebel. RC drilling of 22 holes for 3,928m was completed. Several new zones of mineralisation have been identified, which are expected to show similar metallurgical characteristics to Grace (i.e. free milling) and may present future opportunities for incorporation into shallow oxide resource inventory. RC Drilling: The late 2020 RC program has identified a series of north striking lodes within the Younami Granite at the United North and Rebel prospects. This drilling continues to provide excellent results including: RXRC344: 12m @ 6.54g/t Au from 28m New high-grade zone identified North of Rebel Pit. RXRC341: 1m @ 2.78g/t Au from 31m, 2m @ 11.81g/t Au from 53m and 10m @ 1.4g/t Au from 164m. New high-grade zone identified in Granite 200m North of United North Pit. Diamond Drilling: Assays have been received for 8 diamond holes at Grace with results pending for 2 holes. High grade results include: RXDD004: 1m @ 18.62g/t Au from 202m. The program was completed in the December quarter and comprised 9 holes for 1,192m to test the following: Three shallow (50-70m) diamond holes at the high-grade main shoot to confirm reliability of RC drilling and obtain specific gravity data for resource estimation. Two 300m holes at Grace to determine structural controls on mineralisation. Interpretation is ongoing. Three deeper (340-380m) holes at Grace North. The holes extended RC holes that previously failed to reach target depth. Logging of mineralised core intercepts from Grace indicate that gold is hosted within a west dipping zone of strong sericite altered granite, shear veins and quartz-stibnite-gold breccia-style veins within a broad north trending structural zone. Priority diamond drilling has been planned at the Grace-Mine Shear Junction and is scheduled to commence in February 2021. The Company looks forward to updating the market on the further results of ongoing aircore, RC and diamond drill programs as results come to hand. Junction Target Area: The intersection of N-S trending lode structures (Hill End, Peru) with the NW trending high strain zone (Main Pit, northern pits) is where the major accumulations of gold are found at Youanmi. The Junction Target is the region where the Grace Lode and Mine Lode converge beneath both the Youanmi Main Pit and historically mined high-grade Pollard Lode. The Junction Target presents a high priority target area and was not tested by past explorers with no effective historical drilling completed at depth, down plunge of mineralisation seen in the Pollard lodes. OYG JV Aircore Drilling: Youanmi Granite: Following the discovery of Grace, situated in the Youanmi granite (historically considered unprospective), Rox undertook an extensive aircore drilling program to delineate other gold bearing structures in the same rock unit. Assays have been received for the first phase of the program, totalling 251 holes for 11,534m. The best result returned was in RXAC022, showing 4m @ 15.95g/t Au from 36m in granite 3km north of the Youanmi Mine and the Grace zone. Much of the sporadic historical RAB drilling undertaken by previous operators failed to penetrate an almost ubiquitous silcrete layer at around 11m vertical depth, leaving extensive granite-hosted mineralization undetected. This program delineated ten large >250ppb Au anomalous areas. Five of these are greater than 500m in strike length. These anomalies add confidence to the proposition that the Youanmi granite may host large tonnage free milling oxide material. Bunker Area: The Bunker area has two of the key components of the Youanmi mineralisation model. The mine corridor high-Fe sequence (NNE-trending, E-dipping). NNW-trending mineralised structure - subparallel equivalent of the mine corridor high-strain zone. Magnetic imagery shows a distinct ~15° sinistral bend in the high-Fe sequence coincident with the Bunker Pit. There are also several demagnetised breaks in the magnetic highs (BIF), which represent cross-cutting structures. The 1km2 flexure zone was tested with AC drilling, with the aim of discovering high-grade oxide deposits. The first phase of the program has been completed, totalling 74 holes for 4,331m. High grade results returned from this round of drilling include: RXAC462: 8m @ 1.35g/t Au from 32m to 40m within a broader zone of mineralisation of 24m @ 0.73g/t Au from 20m to 44m, RXAC465: 8m @ 1.31g/t Au from 24m to 32m within a broader zone of mineralisation of 28m @ 0.59g/t Au from 24m to 52m. These results are highly encouraging being 400m north along strike (N-S) from Bunker Pit (past production of 7,400ozs at 3.3 g/t Au) in a newly identified structure.