Rex Resources Corp. Amends Kalum Option Agreement for the Kalum Gold Property, Golden Triangle Region, B.C.
News Release - Vancouver, British Columbia – October 4, 2021: Rex Resources Corp. (TSX-V: OWN) (the “Company”) announces that it has amended the Kalum Option Agreement (the “Option Agreement”) with Eagle Plains Resources Ltd. (“Eagle Plains”) dated August 12, 2020, as amended. The next cash and share payments due to Eagle Plains pursuant to the Option Agreement have been extended from December 31, 2021 to March 31, 2022.
Under the terms of the Option Agreement the Company may acquire a 60% interest in the Kalum Property, located within the Kitimat Range of the Coast Mountains, approximately 35 kilometers northwest of the city of Terrace, B.C., approximately 600 km north of Vancouver, B.C. The area is commonly referred to as “the Golden Triangle”.
About Rex Resources Corp.: Rex Resources Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The Company has an option to acquire a 60% interest and title to the Kalum Property located in the Terrace area, British Columbia.
Contact Information - For more information, please contact:
Anthony Zelen, Director Tel: 778-338-5258 Email: [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 Statements
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 technical, financial and business prospects of the Company, its project 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 and information 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, the ability to secure equipment and personnel, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. 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, adverse weather or climate conditions, decrease in the price of gold, silver, and other metals, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), 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.