RINCON RESOURCES LIMITED — Capital/Financing Update 2023

Jan 15, 2023

16 January 2023

Cleansing Notice

Rincon Resources Limited ( Rincon or the Company ) (ASX: RCR) advises that it has issued and allotted 1,388,889 fully paid ordinary shares at $0.090 per share for as partial consideration for the acquisition of exploration tenements.

Secondary Trading Exemption:

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies the ASX under paragraph 708(A)(5)(e) of the Act that:

• a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• c) as at the date of this notice, there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the Listing Rules; and

  • (ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • 1. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
    • 1. The rights and liabilities attaching to the Shares.

---ENDS----

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

Company: Gary Harvey David Lenigas Managing Director Executive Chairman Rincon Resources Limited U.K.: M: +44 (0) 7881 825378 +61(8) 6243 4089 Australia: M: +61(0) 405504512 Monaco: M: +33 (0) 678633030