Navasota Arranges Private Placement


Navasota Resources Ltd. announces that it has arranged a non-brokered private placement of up to 3,000,000 Units at a price of $0.10 per Unit, for total proceeds of $300,000. Each Unit is comprised of one common share and one-half of one non-transferable Share Purchase Warrant and each whole Share Purchase Warrant will entitle the purchaser to acquire one additional common share at an exercise price of $0.15 per share over a term of two years from the closing date of the placement. A finder's fee may be payable in respect of a portion of the placement. The proceeds of the placement will be used to further the exploration of the company's Missamana Project, located in Guinea, West Africa, and for general working capital. 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.