Navasota Closes Private Placement


Navasota Resources Ltd. ("Navasota") has closed a non-brokered private placement consisting of 6,088,000 Units at a price of $0.20 per Unit, for proceeds totalling up to $1,217,600. Each Unit is comprised of one common share and one-half of one non-transferable Share Purchase Warrant (the "Warrant"); each whole Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.30 until May 7, 2008, 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 20 consecutive trading days, then Navasota may deliver a notice to the warrantholders notifying such warrantholders that they must exercise their warrants within 30 days from the date of such notice.

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 September 8, 2007.

A finder's fee of 80,000 Units (on the same terms as Units comprising the offering) and cash finder's fees totalling $21,820 were paid to arms' length parties as consideration for introducing the company to certain investors.
The proceeds of the placement will be used to further the exploration of Navasota's projects, 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 herein.