Navasota Resources Ltd. announced that aircore drilling on the Telimele and Gaoual (AMIG) permits of its Koba Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa, is progressing well. To March 16, 2008, a total of 20,777 metres in 1,168 drill holes have been completed. Phase 1 drilling, designed to confirm the presence of bauxite mineralization on 25 target plateaus identified through Aster satellite imagery analyses, totalled 9,538 metres and consisted of 495 shallow holes at 300 and 600-metre hole spacings. Results confirmed the presence of an extensive bauxitic plateau and are similar to those from the Madina Diang, Nomo and Tito plateaus. The 13 intervals on Ouda Plateau have a weighted average of 41.15% Al2O3 and 2.20% SiO2 over a 9.31 metre thickness, using 35% Al2O3 and 6% SiO2 cut-off grades. Phase 2 drilling, at 150-metre spacings, recently commenced at Ouda.

Navasota Resources Ltd. (TSXV: NAV) announced a non-brokered private placement of up to 5,000,000 units at CAD 0.20 per unit for gross proceeds of up to CAD 1 million on November 8, 2007. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at CAD 0.30 for a period of one year from the closing date of the placement. If at any time after the first four months of the term of the warrants, the closing price for the company’s common shares is equal to or greater than CAD 0.50 per share for a period of 20 consecutive trading days, then the company may deliver a notice to the holders of the warrants notifying them that they must exercise their warrants within 30 days from the date of such notice as otherwise the warrants will expire thereafter. The securities issued are subject to a hold period of four months after closing of the placement. On December 10, 2007, Navasota Resources Ltd. amended the terms of the transaction. The company will now issue 6,000,000 units at CAD 0.15 per unit for gross proceeds of CAD 0.90 million. Each unit consists of one common share and one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share at CAD 0.25 per share for a period of one year from the closing date of the placement. On January 29, 2008, the company announced that it will issue an additional 333,333 units for gross proceeds of CAD 0.05 million. The company will now issue a total of 6,333,333 units.

Navasota Resources Ltd. announced that drilling has commenced on the AMIG project in the Boke Bauxite Belt, in northwestern Guinea, West Africa. Navasota has the right to earn a 100% interest in the AMIG permit which covers 1,064 square kilometres in the prefectures of Telemele and Gaoual. Navasota has retained RSG Global Consulting of Perth, Australia to manage the program and has contracted West African Drilling Services (WADS) to conduct aircore drill testing of the bauxite plateaus. RSG Global Consulting has recommended a first pass aircore drilling program at 300 to 600 metre spacing over plateaus identified by a spectral and topographic analysis of Aster satellite imagery. That study has ranked various targets based on interpreted geomorphology, with residual bauxite plateaus ranking highest. Drilling will consist of shallow holes, 10-20 metres in depth, with samples collected at 1-metre intervals downhole and logged.