Navasota Arranges Private Placement


Navasota Resources Ltd. announced, on March 24, 2006, that it had arranged a non-brokered private placement of a total of up to 5,000,000 Units to at a price of $0.10, to raise a total of up to $500,000. It now proposes to increase that placement to a total of 5,657,500 Units to raise a total of $565,750. Each unit includes one common share and one non-transferable Share Purchase Warrant entitling the purchaser to purchase an additional common share at an exercise price of $0.15 over a term of two years from the closing date of the placement. The proceeds of the placement will be used to further the exploration of the company's projects, and for general working capital. A 7% finder's fee and 10% broker's warrants will be paid on $100,000 of the placement.

The private placement is subject to the acceptance of the TSX Venture Exchange. 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 in British Columbia until four months after closing of the private placement.


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 herein.