Rex Resources Corp. — Share Issue/Capital Change 2025

Mar 21, 2025

REX RESOURCES

228 – 1122 Mainland St.
Vancouver, BC V6B 5L1
www.rexresourcescorp.com

March 21, 2025
TSX-V: OWN

Rex Resources Announces Director Changes and Proposed Consolidation

March 21, 2025 – Vancouver, B.C. – Rex Resource Corp. (TSXV: OWN, FWB: 94G) (“Rex” or the “Company”) is pleased to announce the appointment of Adam Emes to Rex’s board of directors. Mr. Emes replaces Alan D. Hitchborn, who has resigned as a director in order to pursue other opportunities. The Company thanks Mr. Hitchborn for his dedication and valuable contributions and wishes him success in his future endeavors.

Mr. Emes is a seasoned entrepreneur with extensive experience in capital markets, corporate development and investor relations. He is the Co-Founder of Black Swan Solutions Inc., where he has worked with over 80 clients across various industries to drive growth, enhance market visibility, and lead impactful investor marketing campaigns. Mr. Emes’ expertise in digital strategy and capital raising has supported numerous successful financings and corporate initiatives across North America and Europe.

“I’m excited to join Rex Resources at a pivotal time in its development,” commented Mr. Emes. “The company has a solid foundation and a clear vision for growth. I look forward to contributing my experience to help unlock new opportunities, support operational execution, and create meaningful value for shareholders.”

The Company believes that the appointment of Mr. Emes will enhance Rex’s ability to engage with the investment community and support its strategic initiatives going forward.

Rex also announces that, in order to optimize its capital structure, the Company intends to consolidate its common shares on the basis of one (1) post-consolidation share for every three (3) pre-consolidation shares (the “Consolidation”). The Company currently has 24,019,285 issued and outstanding common shares and, following the completion of the Consolidation, it expects to have approximately 8,006,428 common shares issued and outstanding. All outstanding convertible securities of Rex will be adjusted accordingly.

The Consolidation was approved by the directors of the Company in accordance with Rex’s articles, but remains subject to the approval of the TSX Venture Exchange (the “TSX-V”). The Company plans to issue a further news release upon receiving TSX-V approval for the corporate action, which will include, among other things, the record and effective dates for the consolidation, the proposed treatment of fractional shares, and the new ISIN and CUSIP numbers for the post-Consolidation common shares.

About Rex Resources Corp.

Rex is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Rex owns an undivided 100% interest in eight contiguous mineral claims located near Port Alberni, British Columbia, generally known as the Rex Property, and has the option to acquire an undivided 100% interest in an additional eight mineral claims in proximity thereto known as the Macktush Property.

---

• 2 -

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Leahy, Director
(604) 681-8835
info@rexresourcescorp.com
www.rexresourcescorp.com

Neither the 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 news release.

Forward Looking Information

This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Consolidation, the potential plans for the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals 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 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, that general business and economic conditions will not change in a material adverse manner and 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 the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 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, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of gold, copper and other metals, loss of key employees, consultants, officers or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), 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.