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Roxgold Closes Brokered Flow-Through Private Placement

Vancouver, B.C. (December 5, 2007) Roxgold Inc. (TSX.V: ROG) (“Roxgold” or the “Company”) announces that further to the Company’s press release of October 19, 2007 it has closed a brokered private placement with PI Financial Corp. (“PI”) of  4 million flow-through units (the “FT Units”) at a price of $0.43 per FT Unit for gross proceeds of  $1,720,000 (the “Offering”).  Each FT Unit is comprised of one flow–through common share and one-half of a non-flow-through transferable common share purchase warrant.  Each whole share purchase warrant entitles the holder to acquire an additional non-flow-through common share at a price of $0.75 per share for a period of two years from the closing date. All securities issued pursuant to the Offering will be subject to a hold period expiring April 6, 2008.  Proceeds of the offering will expended on the Company’s TJ Ridge project and will constitute Canadian Exploration Expenses (as defined in the Income Tax Act) and will be renounced for the 2007 taxation year.

As consideration for acting as agent, Roxgold paid PI a commission of 8% of the gross proceeds of which $28,810 was through the issuance of 67,000 units on the same terms as the FT Units of the Offering except that they shall be non-flow-through, and the balance being $108,790 was paid in cash.  In addition, PI was issued an agent’s options entitling PI to purchase 320,000 common shares of the Company at an exercise price of $0.55 per common share for a period of two years. 

Roxgold Inc.

Per: Alan Raven

President  & CEO

This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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