Navasota Announces Proposed Implementation of Shareholders Rights Plan


Navasota Resources Ltd. ("Navasota") announces that its Board of Directors has approved and adopted a Shareholders Rights Plan (the "Plan"). The Plan entitles shareholders to severable rights to purchase additional shares of Navasota upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror's shareholdings), which fails to meet certain conditions. Bids which meet these conditions ("Permitted Bids") do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:

1. The offer is made to all shareholders and includes shares issuable upon exercise of share purchase warrants, stock options and other convertible securities;

2. The offer must contain an irrevocable and unqualified provision that no shares will be taken up or paid for prior to the close of business on a date less than 60 days following the date of the Bid, and only if at such date more than 50% of the shares held by independent shareholders have been deposited or tendered and not withdrawn;

3. The offer must contain an irrevocable and unqualified provision that any shares deposited may be withdrawn at any time until being taken up and paid for; and

4. The offer must contain an irrevocable and unqualified provision that if the deposit conditions set out in item 2 above are met, then the offeror will make a public announcement of that fact, and the bid will remain open for deposits or tenders of additional shares for not less than 10 business days from the date of the public announcement.

The Plan is designed to ensure that all shareholders are treated fairly and equitably in the event of a take-over bid. The Board of Directors is not currently aware of any pending or proposed take-over bid for Navasota.

The Plan is subject to its acceptance by regulatory authorities, ratification by the shareholders of Navasota at the upcoming annual general meeting of shareholders to be held on October 29, 2008, and the acceptance of the rights agent.


For more information on Navasota and the Koba Bauxite Project, please visit: www.navasota.com or contact James T. Gillis at (250) 374-7377.

On behalf of the Board of Directors
Navasota Resources Ltd.


Signed
James T. Gillis,
Director, Corporate Secretary & CFO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this release nor any other regulatory body has approved or disapproved of the information contained herein.