Rex Minerals Limited Maiden drilling results at the Krista Project within Rex Minerals' Hog Ranch Gold Property in Nevada USA have confirmed significant gold extensions outside the current Mineral Resource. A second round of RC drilling will commence this week. New data from the recent drilling programs, including airborne hyperspectral data and ground Induced Polarisation, have significantly increased the scale of the gold-bearing alteration observed at Hog Ranch. The data indicates that the fertile Hog Ranch geological system has the potential to match the scale of some of the world's largest known gold deposits. As a consequence, Rex has now more than tripled its land position in and around Hog Ranch to ensure the prospective geology has been secured. Mining Claim area and defined Project locations at Hog Ranch: Since Rex Minerals (Rex or the Company) acquired Hog Ranch in August 2019, technical studies and field investigations identified a new prospect (Gillam) some 10km to the north-west of the Cameco/Airport area. This led to an initial phase of claim staking and the proposition that a large regional Gold Trend was emerging. More recently, investigation of the historical drilling data combined with the results from the August 2020 RC drilling, identified a huge increase in the metals trending to the north-west of Krista and into the Cameco area which are indicative of a large epithermal gold system under the cover rocks. Rex now interprets that the geochemical indicators further support evidence of a major Gold Trend. Based on an understanding of the current Mineral Resource and historical mining at Hog Ranch, Rex considers that there could be a repeated series of gold-bearing structures within this trend which continues under the cover rocks. This Gold Trend could potentially host multiple large-scale deposits from the Krista Project area up to the Gillam Prospect area, for a total distance of over 15 km. The recent program of claim staking has now increased Rex's land holding to cover the entire interpreted Gold Trend to give Rex security over what could be a major gold camp. Within the broader mining claim area, Rex defines four project areas which are all at differing stages of evaluation and development, and offer differing opportunities to Rex in terms of their likely scale and development pathway. The projects are broken down as follows in order of most advanced to least advanced: Bells Project ­ Existing Mineral Resource of 415 kozs. Very shallow Resource which can become a low capital, open pit heap leach start-up opportunity for Rex. Scoping Study results have defined a possible ~40,000 per annum gold operation at cash costs of ~USD 900/oz. Krista Project ­ Existing Mineral Resource of 890kozs gold, with substantial upside based on extensive alteration and additional gold hits over a 4 km2 to 5 km2 area. Cameco Project ­ Now a larger defined region under cover rocks. Huge geochemical anomalism in the drilling data, implying a much larger deposit could exist here. Further geophysical surveys planned to focus on the potential gold positions that may exist in the broader project area. Gillam Prospect ­ Recently defined area of prospectivity with outcropping features and geochemistry which are indicative of a hot spring or hydrothermal activity similar to the interpreted deposit type defined at Krista. Soil geochemistry and geophysical surveys planned to get this prospect up to a drill-ready stage. Drilling Results at Krista: A total of 10 drill holes were drilled to test 10 individual target locations outside of the currently defined gold mineralisation. Seven out of the 10 drill holes returned significant assay results which extended the known position of the gold mineralisation at Krista. Drill hole HR20-016 at Krista has successfully confirmed the extension of higher-grade gold mineralisation which was previously identified in the historical drilling. The higher-grade sections of this trend are over 80m in true width for some positions and extend for at least 1.0km in strike. Further extensions to this mineralised trend were also identified from drill holes HR20-021 and HR20-011, pushing the strike of the gold mineralisation to over 1.5 km in length. Drill holes HR20-012, HR20-013 and HR20-014 were all located to test for continuity of gold mineralisation between the historical Krista open pit and the East open pit area. All three drill holes were successful and confirmed that the gold mineralisation is continuous within the favourable host rock (known as the Krista Tuff) at this location. The successful results from these drill holes have shown that the gold mineralisation exists as a relatively continuous blanket with the Krista Tuff host rock for at least 2.0 km in strike length along a north-easterly direction. Drill hole HR20-017 was drilled to test extensions of a potential structure to the north-west of the historical 139 open pit. The results identified a number of lower-grade intersections, with repeated sections of gold mineralisation intersected from surface down to over 140m down hole. The total down hole intersection from surface to 141.7m averaged 0.25g/t gold. Rex interprets that this large intersection of lower-grade gold mineralisation is very close to a potentially high-grade gold position and that the results from this drill hole were a very positive first test of this target location. An additional three drill holes were located further away from the known gold mineralisation at Krista along potential mineralised structures and within the favorable Krista Tuff. The results from the more distal drill holes did not return any significant results.