Rex Minerals Ltd. has received assay results from trial soil surveys (soils) completed at the Company's 100%-owned Hog Ranch Gold Property in Nevada, USA. Highlights are: Trial soils at Airport and Bells show strong association with gold in drilling and define new target positions; Pathfinder elements also show excellent potential to find gold underneath shallow cover rocks; The Company is now confident that soils can assist in the targeting of large-scale gold mineralisation at Hog Ranch; and A large-scale soils program is underway for over 79km2 (7,900 samples) at Hog Ranch. Soil sampling results have been received from both the Airport and Bells Project locations at Hog Ranch.

Both trial soil surveys were completed at a 50m x 50m spaced grid to provide for a much higher level of resolution of the gold and gold pathfinder elements when compared to the historical soil sampling information. This trial soil sampling information was completed as a test of the two most common geological environments which occur at Hog Ranch, which are: Areas of outcropping felsic host rocks at the Bells Project area, and Areas of shallow cover rocks towards the centre of the Hog Ranch caldera at the Airport Project area. Historical soil sampling information at Hog Ranch has occurred over multiple phases, using different sampling and assaying techniques and at an irregular grid - all of which has been found to be inadequate for the effective drill targeting of the gold mineralisation at Hog Ranch.

In contrast to the historical soil dataset, this new trial dataset has shown that soil sampling can provide for a relatively accurate view of the gold which has also been defined by the drill hole data. Rex now has confidence that a large regional dataset could greatly assist with the discovery of new, large-scale gold mineralisation at Hog Ranch.