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OWN.V ·

REX Resources Corp. Announces Reinstatement of Trading ON the TSX Venture Exchange

Listings & Exchange

LEGAL_41145923.1

REX RESOURCES CORP.

Suite 1570, 505 Burrard Street

Vancouver, BC, V7X 1M5

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 appr oved 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 informati on” within the meaning of applicable Canadian

securities legislation. Generally, forward-looking info rmation can be identified by the use of forward-

looking 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 ma y 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 ar e 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-l ooking 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 w ill prove to be correct. Except as

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required by law, each of Rex disclaims any intent ion and assume no obligation to update or revise any

forward-looking statements to reflect actual results, wh ether as a result of new information, future events,

changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.