Navasota Closes Private Placement


Navasota Resources Ltd. has closed a non-brokered private placement consisting of 5,697,500 Units at a price of $0.10, for total proceeds of $569,750. Each unit is comprised of one common share and one non-transferable Share Purchase Warrant which will entitle the holder to purchase one additional common share at an exercise price of $0.15 during a period of two years from the closing date of the placement. 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 13, 2006.

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 has been paid on $100,000 of the 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.