Rex Minerals Ltd. announced that it has received the assay results from one (HR22-018) out of seven RC drill holes recently completed at the Krista Project, from within the Company's 100% owned Hog Ranch Gold Property in Nevada, USA. Highlights from RC drill hole HR22-018 include: 147.83m @ 0.62g/t gold (Au) from surface (est true width approximately 104m) including: 45.72m @ 1.06g/t gold from 44.2m (est true width approximately 32m) and 4.57m @ 2.42g/t gold from 137.16m (est true width approximately 3.2m). The RC drill rig has since moved on to the Cameco and Airport Project area.

All samples from the Krista drilling program are at the lab with results anticipated over the following 6-8 weeks. RC drilling at Hog Ranch has been completed over a broad number of target locations at the Krista Project area. This include tests for down dip extensions of historical drilling data and previously untested structures and breccias that are interpreted to be higher grade feeders for the extensive shallow gold mineralisation.

Drill hole HR22-018 was designed to confirm the broad gold mineralisation underneath the historical Krista Open Pit. The historical drilling is vertical and often ended in gold mineralisation. Hole HR22-018 confirmed further extensions at depth to the known gold mineralisation in addition to a deeper higher grade gold position.

This position is interpreted to be related to a feeder structure.