New Roxgold Team to Hold Shareholder Conference Call on Tuesday, September 4, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/30/12)- Mr. Brett Richards, the proposed incoming CEO of Roxgold Inc. ("Roxgold" or the "Company") (ROG.V) is pleased to announce that he along with Mr. Peter R. Jones, proposed Chairman and other director nominees of the Company will be holding a conference call with shareholders on Tuesday, September 4, 2012 at 11:00 a.m. (Vancouver time), being 2:00 p.m. (Toronto time).

The aim of the call is to allow shareholders to engage in a dialogue with the new Roxgold team and to answer any questions they have about the new plan for the Company.

Details for the call are as follows:

Conference Call Numbers:

Canada & USA Toll Free Dial In: 1-800-319-4610 Outside of Canada & USA call: +1-604-638-5340

Please note that callers should dial in 5 to 10 minutes prior to the scheduled start time and ask to join the call. A recorded replay of the conference call will be available after the call at the replay numbers that are included at the end of this release.

In response to feedback received from shareholders, on August 23, 2012 the Company announced its strategic plans for a new direction at the Company while ensuring the required continuity. Mr. Brett Richards has been retained as a consultant in advance of his proposed appointment to the position of CEO following the annual general meeting of shareholders to be held on September 25, 2012 (the "Meeting"). Mr. Richards, Mr. Peter R. Jones, Mr. John L. Knowles and Mr. Gordon Pridham have been appointed to stand with existing director Mr. Richard Mazur as the Company's director nominees, with Mr. Jones standing as the proposed Chairman. Mr. Robert Sibthorpe, the Company's current CEO, has accepted the position of VP Exploration following the Meeting.

Mailing of Roxgold's information circular (the "Circular") has commenced and the Circular and other Meeting materials have been posted on SEDAR. Shareholders are encouraged to review the Circular and letter to shareholders in their entirety, including the new Roxgold team's plan for a winning future for the Company.

As of the date of this press release, the Company is still awaiting a response from dissident shareholder Mr. Oliver Lennox-King regarding his plans for the Company and his intention to file a dissident circular.

Mr. Richards continues to work with all stakeholders and members of Roxgold's geological team to advance the Company's Burkina Faso gold assets and build stronger shareholder value.

A recorded replay of Tuesday's conference call will be available at the following numbers:

Conference Call Replay Numbers:

Canada & USA Toll Free: 1-800-319-6413 Outside Canada & USA Call: +1-604-638-9010

Code: 9258 followed by the # sign

ON BEHALF OF ROXGOLD INC.

Wayne Moorhouse, Chief Financial Officer

This news release may contain forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to such future events and conditions could differ materially from those currently anticipated in such statements for many reasons such as: changes in management, changes in general economic conditions and conditions in the financial markets; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.