RINCON RESOURCES LIMITED — Capital/Financing Update 2025

Jul 17, 2025

18 July 2025

Loyalty Option Entitlement Offer

Rincon Resources Limited (ASX: RCR) ( “Rincon” or “Company” ) is pleased to announce that it has lodged with ASX and ASIC a Prospectus for non-renounceable entitlement issue of one Option for every three Shares held by those Shareholders registered at the Record Date at an issue price of $0.001 per Option, to raise up to approximately $97,520 ( Loyalty Offer ). Eligible shareholders who hold Shares at 5:00pm WA on Thursday, 24 July 2025 will be able to participate in the Loyalty Offer.

The options under the Loyalty Offer will have an exercise price of $0.03 per share and an expiry date of 18 months following the issue of the options. The Company will not apply for Official Quotation of the Options offered pursuant to this Prospectus.

David Lenigas, the Company's Chairman, comments; "It's been a very challenging time for Rincon shareholders over the past year and like all shareholders we as a board look forward to the work programs we have planned at our Telfer, Laverton and Crackerbox gold assets in Western Australia. A lot of on-ground activities and drilling are planned over these next few months, and we as a board are hopeful that this will be a new and exciting era for the Company. This Loyalty Offer is being made to shareholders in return for their long-term support through difficult times."

The Loyalty Offer will be fully underwritten by Golden Triangle Capital Pty Ltd.

Indicative Timetable

An indicative timetable of the offer is as follows:

Event	Date
Lodgement of Prospectus with ASIC and ASXLodgement of Appendix 3B for the Entitlement Optionswith ASX	18 July 2025
Ex date	23 July 2025
RecordDatefordeterminingentitlementsofShareholders in the Entitlement Offer (5.00pm (Perthtime))	24 July 2025
Prospectus despatched to Eligible Shareholders withpersonalised Entitlement and Acceptance Form andCompany announces despatch has been completed.Notice also sent to Ineligible Shareholders	29 July 2025
Last day to notify ASX of an extension to the ClosingDate	4 August 2025

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ASX Announcement 18 July 2025

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----- Start of picture text ----- Closing Date (5.00pm (Perth time))* 7 August 2025ASX announcement of results of Entitlement Offer 11 August 2025Underwriter notified of ShortfallIssue Date Before 12:00pm (Sydneytime) on 14 August 2025Entitlement Options entered into Shareholders’ securityholdingsLodgement of Appendix 3H for the Entitlement Optionswith ASXSettlement of Underwriting 14 August 2025----- End of picture text -----

* The Directors may extend the Closing Date for the Entitlement Offer by giving at least 3 Business Days’ notice to ASX prior to the Closing Date for the Entitlement Offer. As such the date the Options are expected to be issued may vary.

----ENDS----

Authorised by the Board of Rincon Resources Limited.

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

Company:

Office: Tel: +61 (8) 6555 2950

Mike Griffiths - Director

Email: mike.griffiths@rinconresources.com.au

David Lenigas - Chairman

Email: davidlenigas@gmail.com

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ASX Announcement 18 July 2025

About Rincon:

Rincon has 100% interest in three exploration assets in Western Australia that are highly prospective for copper, gold and other critical metals required for the energy transition. These are the South Telfer Project, West Arunta Project, and the Laverton Project.

Each asset has previously been subject to historical exploration which has identified prospective mineral systems that warrant further exploration. The Company’s aim is to create value for its shareholders by advancing its assets through the application of technically sound, methodical, and systematic exploration programs to test, discover, and delineate economic resources for mining.

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