Robex Announces Resilient Q1 2024 Production

QUEBEC CITY, April 16, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is please to announce production of 12,957 ounces (“oz”) of gold for the quarter ending March 31^st, 2024 (“Q1 2024”).

Company’s highlights

- Processing plant milled 551,221 tonnes of ore, a 5% increase compared with Q1 2023;

- Head grade improved from 0.77g/t in Q1 2023 to 0.82g/t in Q1 2024, in line with mine plan;

- Plant recovery slightly decreased from 90.1% in Q1 2023 to 89.5% in Q1 2024, but remains consistent with budget;

- Gold production increased by 10.4% in Q1 2024 to 12,957oz, compared to 11,735oz in Q1 2023;

- Gold sales of 14,072oz, a 11.1% increase compared with Q1 2023;

- Over 3.6 million hours of work at Nampala without lost time injury, standing at 5 million hours of work across the group.

Daniel Marini, COO commented: “The Nampala production in 2024 has started very well. This performance is a key milestone, largely above Q1 2023 production and budget, while we were able to successfully carry out very major maintenance work. The team was also focusing on exploration campaign. The maintenance scheduled for 2024 will further optimize the operation of the processing plant.

“All these production and maintenance achievements are carried out in complete safety, and there was no incidents nor accidents. At the end of March, Nampala recorded more than 3.6 million hours without LTI.

“As one of Robex's values is that "today's records are tomorrow's values", we will continue on this path.”

About Robex Resources Inc.

Robex is a multi-jurisdictional West African gold production and development company with near-term exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the long-life low-AISC Kiniero Project in Guinea.

Robex is supported by two strategic shareholders and has the ambition to become a mid-tier gold producer in West Africa.

More Information

ROBEX RESOURCES INC.

Aurélien Bonneviot Chief Executive Officer Stanislas Prunier Investor Relations and Corporate Development [phone] E-mail: [e-mail] www.robexgold.com

Forward Looking Statement

Certain information set forth in this press release contains “forward‐looking statements” and “forward‐looking information” within the meaning of applicable Canadian securities legislation (referred to herein as “forward‐looking statements”). Forward-looking statements are included to provide information about Management’s current expectations and plans that allows investors and others to have a better understanding of the Company’s business plans and financial performance and condition.