Rex Resources Corp. — Audit Report / Information 2023

Jan 20, 2023

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Crowe MacKay LLP

1100 - 1177 West Hastings Street Vancouver, BC V6E 4T5 Main +1 (604) 687-4511 Fax +1 (604) 687-5805 www.crowemackay.ca

January 19, 2023

TSX Venture Exchange British Columbia Securities Commission Alberta Securities Commission Ontario Securities Commission

Dear Sirs/Mesdames,

Re: Rex Resources Corp. – Notice of Change of Auditors

As required by National Instrument 51-102, we confirm that we have reviewed the information contained in the Notice of Change of Auditors ("the Notice") dated January 12, 2023 by Rex Resources Corp. and, based on our knowledge of such information at this time, we agree with the information contained in the Notice.

Yours very truly,

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Crowe MacKay LLP

Chartered Professional Accountants