Rex Resources Corp. Amends Kalum Option Agreement for the Kalum Gold Property, Golden Triangle Region, B.C.

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, w ithout 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 gover nment 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.