TORONTO, Oct. 24, 2014 /CNW/ - Between May 21, 2014 and October 23, 2014, Appian Natural Resources Fund acquired ownership and control, through its wholly owned subsidiary, of 5,926,100 common shares (the "Shares") of Roxgold Inc. ("Roxgold"). The Shares were acquired through the TSX Venture Exchange at the following prices over this period: 979,000 Shares at a price of $0.64 per Share, 390,500 Shares at a price of $0.66 per Share, 144,000 Shares at a price of $0.68 per Share, 1,760,500 Shares at a price of $0.69 per Share, and 2,652,100 Shares at a price of $0.70 per Share. These acquisitions resulted in a change in beneficial ownership of such Shares. Immediately after the last acquisition on October 23, 2014 and as at October 24, 2014, Appian beneficially owned, or exercised control and direction over, an aggregate of 35,039,013 Shares of Roxgold, representing approximately 14.9% of the issued and outstanding Shares of Roxgold. The Shares were acquired for investment purposes.