REX Resources Corp. Terminates Letter of Intent
LEGAL_41050031.2
REX RESOURCES CORP.
Suite 1570, 505 Burrard Street
Vancouver, BC, V7X 1M5
April 5, 2023 TSX-V: OWN
REX RESOURCES CORP. TERMINATES LETTER OF INTENT
VANCOUVER, B.C. – REX RESOURCES CORP. (TSX-V: OWN) (“Rex”), a mineral exploration
company listed on the TSX Venture Exchange (the “Exchange”), announces that, effective April 4, 2023,
it terminated its letter of intent (the “ LOI”) with Southern Sky Resources Corp. (“ Southern Sky ”) in
respect of a proposed reverse takeover transac tion. The Company wishes Southern Sky success in
developing is mineral projects in the future. For additional details regarding the LOI, please see the
Company’s news release dated March 3, 2023, which is available on the Company’s SEDAR profile at
www.sedar.com.
The Company will resume searching for new busin ess opportunities that can deliver value for its
shareholders. There can be no assurances that the Co mpany’s efforts will result in any other transaction
being pursued, entered into, or consummated.
The Company is working with the Exchange to determine when the Company’s common shares are
expected to resume trading and an update will be provided in due course.
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
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 Company’s search for new business opportunities and the consummation of future transactions.
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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 the Company, 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-looking statements. Any number of factors
could cause actual results to differ materially fro m 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 will prove to be correct.
Except as required by law, each of Rex disclaims any intention and assume no obligation to update or revise
any forward-looking statements to reflect actual resu lts, whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.