Rex Minerals Ltd. is announcing a planned Board succession designed to drive the company into its next phase of development. The following changes will be effective on 1 June 2021: Non-Executive Director Ian Smith will assume the role of Non-Executive Chairman. Current Chairman David Carland and Non-Executive Director Alister Maitland are retiring. Greg Robinson will be appointed as a Non-Executive Director and Chairman of the Audit Committee. Ron Douglas, currently a Non-Executive Director, will also assume the role of Chairman of the Remuneration Committee. Amber Rivamonte, Rex's CFO, will be appointed to the Board as Executive Director of Finance. Ian Smith, Richard Laufmann (CEO) and the entire Company would like to express their retiring Chairman, David Carland and retiring Non-Executive Director, Alister Maitland. As Chairman of Rex Minerals for the last seven years, David Carland was intimately involved in the 2014 restructure of the Company and transition to its new plan for the Hillside Copper Project in South Australia, as well as the more recent acquisition of the Hog Ranch Gold Property in Nevada, USA. Alister Maitland has been a Non-Executive Director of the Company for the past nine years, and Chairman of the Audit Committee for all that time. Alister's financial advice based on over 40 years of executive and non-executive industry expertise has been invaluable. Ron Douglas is also the Executive Vice President for Investments at Ausenco and has 40 years' experience in project delivery in the resources sector. Amber Rivamonte has extensive experience as a CFO and Company Secretary in the resources sector. Amber brings directly to the Board a wealth of listed resources company experience.