Navasota Closes Private Placement


Navasota Resources Ltd. has closed a non-brokered private placement consisting of 1,130,000 Units at a price of $0.11, for total proceeds of $124,300. Each unit is comprised of one common share and one-half of one non-transferable Share Purchase Warrant; each whole Share Purchase Warrant will entitle the holder to purchase one additional common share at an exercise price of $0.15 during a period of one year 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 April 3, 2006.

The proceeds of the placement will be used to fund a further drilling program on the company's Missamana project in West Africa, and for general working capital.

On behalf of the Board of Directors
Navasota Resources Ltd.

Signed
Christopher J. Wild, P.Eng.
President & CEO

Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.