Gold Exploration in West Africa

[FL]

Robex (RBX.V) Private Placement for Mali work

Robex Private Placement Oversubscribed $1,040,000 Will Be Provided for Mali Gold Projects.
10/15/2004

Robex Resources Inc. announces that its non-brokered private placement, announced 15 September 2004, is oversubscribed. The issue will provide $1,040,000 for general corporate purposes and for the Robex gold exploration and property-acquisition programs in Mali, West Africa. Under the terms of the offering, 1,733,333 Units (Units) will be issued at $0.60 each. Each Unit will consist of one Robex common share and one full non-transferable share-purchase warrant ("Warrants"). The Warrants will be valid for two years and each Warrant shall entitle the holder to purchase an additional Robex common share ("Share") at the exercise price of $0.80 per Share for a period of 12 months from the closing of the Offering and at the exercise price of $1.00 per Share for a period of 12 to 24 months from the closing of thffering.

A total of 100,000 Units will be purchased by insiders and members of the Robex Board of Directors, Marcel Bedard and Jean-Louis Robert. For assisting Robex in securing the financing, fees of $57,256 will be paid to finders. The securities issued under the Offering will be subject to a four-month-hold period. The terms and conditions of the Offering are subject to the approval of all appropriate regulatory agencies.

Robex Resources Inc (TSX-V: RBX), a Canadian gold exploration and development company, has been acquiring properties in Mali's famous gold-producing Kenieba Valley since 1996. Five major concessions, Diangounte, Kolomba, Dabiya-West, Kossaya and Moussala totalling more than 430 sq km, make up the Company's portfolio. Recently compiled data gathered during the 2004 field program have outlined a number of gold exploration targets and the Company is focusing the 2004-2005 drilling program on the Kolomba and Diangounte concessions' well-defined high-priority targets.

ON BEHALF OF THE BOARD OF DIRECTORS
"William H. Bird"
William H. Bird, PhD, PGeo,
President & CEO

William H. Bird, PhD, PGeo, serves the Board of Directors of the Company as an internal technically Qualified Person (as defined by National Instrument 43-101). The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

William H. Bird, President & CEO, Vancouver, BC, [phone], birdwill@aol

Stewart Robertson - Vice-president - Trenton, Ontario [phone]

André Vézina - V.P. Business development - Québec [phone]

Marcel Bédard - President - email - [e-mail]

Jack Bal, Investor Relations, Vancouver, BC, [phone], [e-mail]