RINCON RESOURCES LIMITED — Regulatory Filings 2021

Apr 27, 2021

==> picture [595 x 102] intentionally omitted <==

----- Start of picture text -----

A S X A N N O U N C E M E N T
2 8 A P R I L 2 0 2 1
ASX : RCR | ACN 628 003 538
----- End of picture text -----

Drilling Commences at the Laverton Gold Project

• Maiden 5,000m AC drill programme has commenced at the Laverton Gold Project.

• Targeting new gold and multi-element geochemical soil anomalies.

• Follow up and confirm historical drill results.

==> picture [525 x 228] intentionally omitted <==

Figure 1: AC drilling at the Laverton Gold Project.

Rincon Resources Limited ( Rincon or the Company ) is pleased to advise that drilling has commenced at its Laverton Gold Project (Laverton) in Western Australia.

A 5,000m Air Core (AC) drilling programme has commenced (refer Figure 1) with the aim of defining gold mineralisation by drilling at the four areas highlighted in Figure 2:

GG Anomaly - Historical Rotary Air-Blast (RAB) intercept of 4m @ 1.55g/t Au from 21m (refer Prospectus dated 18/12/2020) associated with the GG multi-element soil geochemical anomaly;

Area 1 - Historical RAB intercept of 7m @ 15.95g/t Au from 21m (refer Prospectus dated 18/12/2020);

Area 2 – Multiple historical RAB and AC drill hole anomalies >0.1g/t Au (best Au downhole) over 800m of strike, associated with the interpreted southern extension of a Banded Iron Formation (BIF) sequence that hosts the Gladiator Gold deposits to the north of the project (including an historical intercept of 1m @ 1.45g/t from 54m, refer Prospectus dated 18/12/2020); and

Area 3 - Several historical RAB drill hole gold anomalies >0.1g/t Au (best Au downhole) over 250m

1 +61 8 9322 1587 | info@@rinconresources.com.au | Suite 1, 295 Rokeby Road, Subiaco WA 6008 | www.rinconresources.com.au

ASX Announcement 28 Apr il 2021

of strike, associated with the interpreted southern extension of the BIF sequence that hosts Gladiator deposits to the north.

Rincon Executive Chairman Geoff McNamara commented:

“We are delighted to have commenced our maiden 5,000m AC drilling programme at our Laverton Gold Project. Historical intercepts and soil sampling results from Laverton have identified multiple anomalies, highlighting the association of gold and cross cutting north-west trending faults at Laverton. These anomalies highlight the prospectivity of the Laverton Gold Project, which will be drill tested by this maiden AC drilling programme.”

==> picture [401 x 525] intentionally omitted <==

----- Start of picture text -----

New Anomalies
----- End of picture text -----

Figure 2: Laverton Gold Project, proposed drilling locations.

2 +61 8 6555 2950 | info@rinconresources.com.au | Suite 1, 295 Rokeby Road, Subiaco | www.rinconresources.com.au

ASX Announcement 28 Apr il 2021

For more information:

Company:

Geoff McNamara Executive Chairman Rincon Resources Limited +65 9754 6095

Investors:

Peter Taylor NWR Communications +61 (0) 412 036 231 peter@nwrcommunications.com.au

About Rincon

Rincon 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.

==> picture [145 x 215] intentionally omitted <==

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Lyle Thorne (B App Sc (Hons) Geology). Mr Thorne is a member of the Australian Institute of Mining and Metallurgy and a consultant to, and shareholder of the Company. Mr Thorne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Thorne consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Future Performance

This announcement may contain certain forward-looking statements and opinion. Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Rincon.

3 +61 8 6555 2950 | info@rinconresources.com.au | Suite 1, 295 Rokeby Road, Subiaco | www.rinconresources.com.au