Navasota Closes Private Placement


Navasota Resources Ltd. ("Navasota") has closed a non-brokered private placement consisting of 6,333,333 Units at a price of $0.15 per Unit, for proceeds totalling $950,000. Each Unit is comprised of one common share and one non-transferable Share Purchase Warrant (the "Warrant"); each Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.25 until February 4, 2009, subject to an accelerated exercise clause where if at any time after the first four months of the term of the warrants, the closing price for Navasota's common shares is equal to or greater than $0.50 per share for a period of twenty (20) consecutive trading days, then Navasota may deliver a notice to the warrantholders notifying such warrantholders that they must exercise their warrants within thirty (30) days from the date of such notice as otherwise the Warrants will expire thereafter.

Shares acquired by placees, and shares which may be acquired upon the exercise of the share purchase warrants, are subject to a hold period and may not be traded until June 5, 2008.

The proceeds of the placement will be used to fund the ongoing exploration of Navasota's bauxite project located in the Republic of Guinea and for general working capital.

On behalf of the Board of Directors
Navasota Resources Ltd.

Signed
James T. Gillis,
Corporate Secretary & CFO

Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the
information contained therein.