Rex Resources Corp. — Regulatory Filings 2021

Jul 16, 2021

Rex Resources Corp. Commences Drilling on the Kalum Gold Property, Golden Triangle Region, B.C.

News Release - Vancouver, British Columbia – July 15, 2021: Rex Resources Corp. ( TSX-V: OWN ) (the “ Company ”) announces that its diamond drilling program at the Kalum property (the “ Kalum Property ”) has commenced. Under the terms of the option agreement with Eagle Plains Resources Ltd. (“ Eagle Plains ”), the Company may acquire a 60% interest in the Kalum Property.

A 300m, single hole program is planned for the Martin Zone at the Kalum Property.

Kalum Property

The Kalum Property is located within the Kitimat Range of the Coast Mountains, approximately 35 kilometers northwest of the city of Terrace, B.C., approximately 600 km north of Vancouver, B.C. The area is commonly referred to as “the Golden Triangle” due to the enormous mineral endowment found in this part of British Columbia. The Kalum Property is flanked by a large intrusive stock that has intruded sedimentary rocks of the Bowser Lake Group. A number of high grade, vein-type gold and silver occurrences are associated with the contact zone and magnetic signature of the intrusive stock.

Property History

Eagle Plains acquired the property in 2003 and between 2003 – 2012 Eagle Plains collected a total of 1150 soil samples, 384 rock samples, 40 silt samples and 1907 meters of diamond drilling in 16 holes, in addition to airborne VTEM geophysics, geological mapping and prospecting.

The best drill results from this work included drill-hole KRC04001, drilled at the Rico showing (discovered by Eagle Plains), which returned 35g/t Au over 2.5m from 101.8m to 104.3m; including a 0.5m interval that assayed 107g/t Au . Historical sampling at the Chris occurrence reported a grab sample of 158 g/t Au and 5,536 g/t Ag. At the Martin showing area , sampling by Eagle Plains in 2004 returned 34.0 g/t Au and 83.0 g/t Ag from a grab sample of sulphide bearing quartz vein material. The Martin area has never been drill tested. The Company cautions that rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property.

2021 exploration work will be undertaken by TerraLogic Exploration Services of Cranbrook, B.C. under the supervision of Kerry Bates, P.Geo. Charles C. Downie, P.Geo., a “qualified person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in the news release.

About Rex Resources Corp. : Rex Resources Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The Company has an option to acquire a 60% interest and title to the Kalum Property located in the Terrace area, British Columbia.

Contact Information - For more information, please contact: Anthony Zelen, Director Tel: 778-338-5258

Email: Anthonyzelen88@gmail.com

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

Forward-Looking Statements

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, drilling on the Kalum Property, other statements relating to the technical, financial and business prospects of the Company and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather/climate conditions, decrease in the price of gold, silver, and other metals, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.