RINCON RESOURCES LIMITED — Capital/Financing Update 2023

Jul 5, 2023

6 July 2023

Not for release to US wire services or distribution in the United States

Extension of Share Purchase Plan

Rincon Resources Limited ( Rincon or the Company ) advises that the closing date of its share purchase plan ( SPP ) announced on 5 June 2023 is being extended to 5:00pm (AWST), Friday 21 July 2023.

Rincon announced on Monday 3 July 2023 rock-chip sample results in the release titled “0.29% TREO confirms Carbonatite Potential at Kiwirrkurra”. The Board has resolved to extend the SPP closing date to provide eligible shareholders with additional time to review the announcement and make an informed decision on their application to participate.

The issue price under the SPP is $0.055 per Share. All Rincon Directors are participating in the SPP.

Shareholders that have already applied for shares under the SPP are not required to re-submit their application form unless they wish to apply for additional shares up to the maximum application amount of A$30,000.

The terms and conditions of the SPP are set out in the communication to eligible shareholders sent on 8 June 2023.

The revised timetable for the SPP is as follows:

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----- Start of picture text ----- Event DateRecord Date (5pm AWST) 2 June 2023Announcement of SPP 5 June 2023Lodge SPP cleansing notice with ASX 8 June 2023Offer Document and Application Form made available toEligible ShareholdersSPP opening date 8 June 2023SPP closing date (5pm AWST) - Revised 21 July 2023Announcement of results - Revised 28 July 2023Issue of New Shares (Before 12pm Sydney time) - Revised 28 July 2023Commencement of trading of New Shares - Revised 31 July 2023----- End of picture text -----

These above dates are indicative only. The Company may vary the dates and times of the Offer by lodging a revised notice with ASX. New Shares issued under the SPP will be issued as soon as practicable after the SPP closing date. Application for quotation on ASX of the New Shares will be made immediately following the issue of those Shares.

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ASX Announcement 06 July 2023

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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

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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