Ms. Annelise Burke reports

ROXGOLD INC. ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO C$25 MILLION

Due to strong demand, Roxgold Inc. has increased the size of its previously announced public offering to 43.2 million common shares at a price of 58 cents per common share for gross proceeds of $25,056,000. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about March 25, 2014, and is subject to the company receiving all necessary regulatory approvals. The offering is being led by BMO Capital Markets.

The net proceeds of the offering will be used to advance the Yaramoko gold project and for further exploration at the property, as well as for general working capital purposes.

The common shares will be offered by way of a short-form prospectus in all of the provinces and territories of Canada, excluding Quebec, and may also be offered by way of private placement in the United States.

We seek Safe Harbor.