Rex Resources Announces Effective Date for Share Consolidation

228 – 1122 Mainland St. Vancouver, BC V6B 5L1 www.rexresourcescorp.com

May 30, 2025 TSX-V: OWN

Rex Resources Announces Effective Date for Share Consolidation

May 30, 2025 – Vancouver, B.C. – Rex Resources Corp. (TSXV: OWN, FWB: 94G) (“Rex” or the “Company”) announces that the Company’s previously-disclosed consolidation of common shares on the basis of one (1) new share for every three (3) old shares (the “Consolidation”) is anticipated to be completed on or about June 4, 2025.

Pursuant to the Business Corporations Act (British Columbia) and Rex’s articles, shareholder approval was not required for the Consolidation and it was instead approved by the board of directors of the Company. Rex initially announced the Consolidation in a news release dated March 21, 2025.

The common shares of the Company are expected to begin trading on the TSX Venture Exchange (the “TSX-V”) on a post-Consolidation basis effective at market open on Wednesday, June 4, 2025. The Company currently has 24,019,285 issued and outstanding common shares and, following the completion of the Consolidation, it anticipates having approximately 8,006,428 common shares issued and outstanding.

The Company’s name and trading symbol will remain unchanged following the Consolidation. The new ISIN and CUSIP associated with the post-Consolidation common shares are CA76161L1075 and 76161L107, respectively.

No fractional shares will be issued in connection with the Consolidation. Any fractional interest in the Company’s common shares that is less than 0.5 of a share resulting from the Consolidation will be rounded down to the nearest whole share, and any fractional interest that is equal to or greater than 0.5 of a share will be rounded up to the nearest whole share. The Consolidation will affect all shareholders uniformly and will not alter any shareholder’s relative interest in the Company’s equity securities, except for any adjustments for fractional shares.

The exercise price of and the number of common shares of Rex issuable under any convertible securities of the Company will be proportionately adjusted upon the completion of the Consolidation.

The Consolidation remains subject to the approval of the TSXV.

About Rex Resources Corp.

Rex is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Rex owns an undivided 100% interest in eight contiguous mineral claims located near Port Alberni, British Columbia, generally known as the Rex Property, and has the option to acquire an undivided 100% interest in an additional eight mineral claims in proximity thereto known as the Macktush Property.

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ON BEHALF OF THE BOARD OF DIRECTORS

Michael Leahy, Director (604) 681-8835 [email protected] www.rexresourcescorp.com

Neither the 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 news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Consolidation, the potential plans for the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forwardlooking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of gold, copper and other metals, loss of key employees, consultants, officers or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.