RINCON RESOURCES LIMITED — Capital/Financing Update 2023

Jul 24, 2023

25 July 2023

Share Purchase Plan Closed

Rincon Resources Limited ( Rincon or the Company ) advises that the Share Purchase Plan ( SPP ) announced on 5 June 2023 has received a total of $217,000 in eligible applications.

The Directors have resolved to accept all eligible applications. Accordingly, a total of 3,945,447 new SPP shares have been issued pursuant to the SPP, with the shares to commence trading 26 July 2023.

Following the issue of the new SPP shares, Rincon has 71,671,092 fully paid ordinary shares on issue.

The Company will continue to investigate raising additional funds for planned exploration programs on its projects through its capacity under Listing Rule 7.1/7.1A.

----ENDS----

Authorised by the Board of Rincon Resources Limited

For more information visit www.rinconresources.com.au or contact:

Company:

Gary Harvey Managing Director Rincon Resources Limited +61 (08) 6243 4089

David Lenigas Executive Chairman U.K.: M: +44 (0) 7881 825378 Australia: M: +61(0) 405504512 Monaco: M: +33 (0) 678633030

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ASX Announcement 25 July 2023

About Rincon

Rincon Resources Limited has a 100% interest in three highly prospective copper and gold projects in Western Australia: South Telfer, Laverton and Kiwirrkurra. Each project has been subject to historical exploration which has identified major mineralised systems which Rincon intends on exploring in order to delineate copper and gold resources.

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