Rex Resources Corp. Announces Reinstatement of Trading on the TSX Venture Exchange

April 18, 2023 TSX-V: OWN

REX RESOURCES CORP. ANNOUNCES REINSTATEMENT OF TRADING ON THE TSX VENTURE EXCHANGE

VANCOUVER, B.C. – REX RESOURCES CORP. (TSX-V: OWN) (“Rex” or the “Company”), a mineral exploration company listed on the TSX Venture Exchange (the “Exchange”), is pleased to announce that the Exchange has approved the Company’s application for the reinstatement of trading of the Company’s common shares. The common shares of the Company will reinstate trading on the Exchange under the stock ticker symbol “OWN” effective at market open on April 20, 2023.

About Rex Resources Corp.

Rex is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Rex has an option to acquire a 60% interest and title to the Kalum property located in the Terrace area of British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS OF REX RESOURCES CORP.

Anthony Zelen, Director (778) 338-5258 [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forwardlooking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations (including negative and grammatical variations) of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.

Forward-looking information in this press release may include, without limitation, statements relating to the reinstatement of trading of the Company’s common shares on the Exchange.

These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of Rex, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Rex may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Rex believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as

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required by law, each of Rex disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.