FINAL ASSAYS FROM WEST SIDE SEDIMENT HOSTED MINERALIZATION; PRIORITY EAST SIDE ASSAYS PENDING

Vancouver, B.C. (January 22, 2008) Roxgold Inc. (TSX.V: ROG)  has received final fire assay results from trenching and diamond drilling on the West Side of the TJ Ridge project.  Mineralization on the West Side is hosted with in quartz veins and quartz stock-work zones related to graphitic shear zones hosted by sedimentary units of the Bowser Basin formation. This mineralization is interpreted to be associated with, but distal to, the intrusive hosted mineralization encountered on the East Side of the property in diamond drill holes 07-14 through 07-18 and is therefore a second priority target. 

The initial sample protocol was to complete an ICP MS (1DX 15 gram) geochemical analysis on all samples and to fire assay all samples reporting in excess of 1,000 parts per billion (“ppb”) gold.  However, due to volume related delays at the assay lab and variability between fire assay and geochem results with fire assays yielding systematically higher gold values than geochem results, all drill core samples from both the East and West Side were fire assayed. 

The Company has received initial geochem results from the high priority intrusive hosted mineralization on the East Side of the property that indicates mineralized sections of the intrusive are strongly anomalous in gold.  The Company will release complete fire assay results for the priority East Side target when they are received and compiled, which is expected to be within seven to ten days.  

Trenching

Prior to the 2007 program there was no bedrock exposure in the areas targeted for exploration.  Trenching on the West Side focused on soil geochemistry anomalies and encountered overburden generally less than two meters in depth.  The exposure of bedrock mineralization underlying the soil geochemistry anomalies soil geochemistry has proven an effective and reliable exploration method on the TJ Ridge project. 

Trenching intermittently tested the W1 zone over a strike length of 1200 meters.  The W1 zone lies on the western flank and parallel to a prominent linear EM conductor associated with graphitic horizons.  In general, the strongest mineralization appears to be in close proximity to the west flank of the conductor with discontinuous parallel gold soil anomalies directly overlying the conductor.  The soil geochemistry anomaly and mineralization directly overlying

the EM conductor are referred to as the W2 anomaly.  Significant results from this trenching are as follows:

⁽¹⁾  Au Eq includes only gold and silver values based upon 55 grams of silver being equivalent to one gram of gold

The EM conductor associated with both the W1 and W2 zones and the coincident soil geochemistry anomaly can be traced over 2.4 kilometers of strike length.  The majority of the exploration was undertaken towards the northern end of the W1 anomaly.  A series of short trenches covering about 250 meters of strike length were completed about 1,100 meters south of this area.  These trenches were excavated at the very end of the 2007 exploration program and were only hastily sampled.  The W2 anomaly was tested by trenching in only one location approximately 600 meters south of the 19800 trench. 

 Drilling

The initial drilling was completed coincident with the trenching and prior to the receipt of analytical results or completion of the airborne geophysical survey.  After the logging of drill holes 07-01 and 07-02 and the mapping of trenches 19800N, 19700N and 19600N the orientation of stratigraphy was better understood and further trenches and drilling were re-oriented to better cross cut structure.  To further the geologic understanding, holes 07-03 through 07-13 were completed along a section undercutting portions of the projected mineralization encountered in trenches.    While narrow zones of quartz vein related mineralization were encountered in all drill holes, holes 07-02 and 07-05 yielded the most significant intersections.  True width is estimated to be approximately 90% of the core length.

Holes 07 – 1 through 07-13 were completed on the West Side of the property.  Holes not reported generally contained either narrow or low grade zones of mineralization or did not yield significant results. While the West Side anomalies are a viable exploration target given some of the grades encountered and the size potential based upon the EM and soil geochemistry, the primary exploration focus for the 2008 exploration season will be the intrusive hosted gold/silver mineralization encountered on the East Side of the TJ Ridge property in drill holes 07-14 through 07-18

 “The initial trenching and drilling on the property has confirmed that gold-silver mineralization underlies the soil anomalies, which together with the associated EM anomalies has defined a significant area of interest some  2,200 m long and 500 m wide,” commented Alan Raven President  of Roxgold.  “Only small portions of this anomaly were explored during the 2007 program leaving its potential largely untested.  While additional work will be completed on the West Side in 2008, the East Side intrusive hosted mineralization remains a priority.” 

Trench samples were taken with a pneumatic (hydraulic) breaker attachment.   Drill core was sawn in half with one half retained for reference and the second half sent for analysis with standards and blanks were systematically included.  Acme Analytical Labs sample preparation facility in Smithers BC prepped and prepared a pulp sample which was then forwarded to Acme Analytical Labs in Vancouver for ICP MS (1DX 15 gram) geochemical analysis.  All drill core and selected trench samples were sent for fire assay.   Independent consulting geologist Brett LaPeare, MAusIMM, a qualified person as defined by National Instrument 43-101, has reviewed the information contained herein.

Roxgold Inc.

Per: Alan Raven

President

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