Rex Resources Announces Director Changes and Proposed Consolidation
228 – 1122 Mainland St.
Vancouver, BC V6B 5L1
www.rexresourcescorp.com
March 21, 2025 TSX-V: OWN
Rex Resources Announces Director Changes and Proposed Consolidation
March 21, 2025 – Vancouver, B.C. – Rex Resource Corp. (TSXV: OWN, FWB: 94G) (“Rex” or the
“Company”) is pleased to announce the appointment of Adam Emes to Rex’s board of directors. Mr. Emes
replaces Alan D. Hitchborn , who h as resigned as a director in order to pursue other opportunities . The
Company thanks Mr. Hitchborn for his dedication and valuable contributions and wishes him success in his
future endeavors.
Mr. Emes is a seasoned entrepreneur with extensive experience in capital markets, corporate development
and investor relations. He is the Co-Founder of Black Swan Solutions Inc., where he has worked with over
80 clients across various industries to drive growth, enhance market visibility, and lead impactful investor
marketing campaigns. Mr. Emes’ expertise in digital strategy and capital raising has supported numerous
successful financings and corporate initiatives across North America and Europe.
“I’m excited to join Rex Resources at a pivotal time in its development,” commented Mr. Emes. “The
company has a solid foundation and a clear vision for growth. I look forward to contributing my experience
to help unlock new opportunities, support operational execution, and create meaningful value for
shareholders.”
The Company believes that the appointment of Mr. Emes will enhance Rex’s ability to engage with the
investment community and support its strategic initiatives going forward.
Rex also announces that, in order to optimize its capital structure, the Company intends to consolidate its
common shares on the basis of one (1) post-consolidation share for every three (3) pre-consolidation shares
(the “Consolidation”). The Company currently has 24,019,285 issued and outstanding common shares and,
following the completion of the Consolidation, it expects to have approximately 8,006,428 common shares
issued and outstanding. All outstanding convertible securities of Rex will be adjusted accordingly.
The Consolidation was approved by the directors of the Company in accordance with Rex’s articles, but
remains subject to the approval of the TSX Venture Exchange (the “TSX-V”). The Company plans to issue
a further news release upon receiving TSX-V approval for the corporate action, which will include, among
other things, the record and effective dates for the consolidation, the proposed treatment of fractional shares,
and the new ISIN and CUSIP numbers for the post-Consolidation common shares.
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 know n 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
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 C ompany 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 forward -
looking 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 exp loration 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 agreement s 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, litigati on, 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.