Navasota Amends Terms Of Financing


Navasota Resources Ltd. ("Navasota") announced, on November 8, 2007, that it had arranged a non brokered private placement of up to 5,000,000 Units, at a price of $0.20 per Unit, for proceeds totalling up to $1,000,000. It now proposes to arrange a private placement of up to 6,000,000 Units, at a price of $0.15 per Unit, for proceeds totalling up to $900,000, with each Unit comprised of one (1) common share and one (1) non transferable Share Purchase Warrant (the "Warrant"); the Warrant will entitle the holder to purchase one (1) additional common share at an exercise price of $0.25 during a period of one year from the closing date of the placement. If at any time after the first four (4) 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 twenty (20) consecutive trading days, Navasota may deliver a notice (the "Notice") to the holders of the Warrants notifying them that they must exercise their Warrants within thirty (30) days from the date of such Notice as otherwise the Warrants will expire thereafter.

Shares acquired by placees and shares which may be acquired upon the exercise of Warrants, will be subject to a hold period and may not be traded in British Columbia until four months after closing of the private placement.

The proceeds of the placement will be used to fund the ongoing exploration of Navasota's bauxite project located in the Republic of Guinea and for general working capital.

The private placement is subject to the acceptance of the TSX Venture Exchange.

On behalf of the Board of Directors
Navasota Resources Ltd.

Signed
Christopher J. Wild,
President & CEO

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