Rex Minerals Ltd. has received assay results from 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 Krista RC drilling include: HR22-018 with 147.8m @ 0.62g/t gold (Au) from surface (est. true width ~104m) including: 45.7m @ 1.06g/t Au from 44.2m. HR22-001 with 32.0m @ 0.53g/t Au from 128m. HR22-004 with 6.1m @ 1.19g/t Au from 83.8m. HR22-020 with 3.0m @ 2.26g/t Au from 221m (interpreted new structure). RC drilling was also completed over the Airport and Bells Projects in September ¡ assay results pending. Extensive regional soil sampling program completed over the entire Hog Ranch Claim holding (over 79km2) ¡ assay results pending. New gold targets identified via recently completed regional
ground geophysical (gravity) survey. Krista Drilling Program: A total of seven drill holes for just over 1,600m have been completed at Krista. These holes (targets)
and their collar locations were severely restricted by the very limited area for surface disturbance
available. This RC program had multiple objectives, including confirmation to the continuity of the gold mineralisation around the historical open pits, whilst also testing potential extensions to the known gold mineralisation. This includes higher-grade feeder structures at depth. Hole HR22-018 was completed to test for deeper extensions to the gold mineralisation
underneath the historical Krista open pit in addition to possible feeder structures. This drill hole went through open pit back-fill material (historical low-grade ore) which contained an average grade of 0.49g/t gold. This was followed by a section of relatively high-grade gold mineralisation from the base of the historical open pit which intersected 45.7m @ 1.06g/t gold. Drill holes HR22-001 and HR22-019 were testing for the extensions of north-west trending gold
mineralisation extending away from the historical Geib open pit. This was largely confirmed in drill hole HR22-001 which intersected an interval of 32.0m @ 0.53g/t gold from 128m down hole. Drill holes HR22-002 and HR22-020 tested a number of features which show up in a CSMAT survey and from the hyperspectral survey which indicated a hidden position at this location. A possible feeder structure was identified in HR22-020 which intersected 3.0m @ 2.26g/t gold in addition to broader lower-grade mineralisation in both HR22-020 and HR22-002. Rex interprets these results to confirm a significant increase to the gold footprint at Krista under shallow cover, with further drilling required to define the higher-grade gold positions at this location. Drill holes HR-003 and HR-004 were designed to test for an apparent structure to the west of the historical East open pit. The evidence from magnetic imagery and hyperspectral imagery infers some very large structures which extend through and well beyond the historical drilling information. Some evidence for this interpretation was intersected in drill hole HR22-004 which intersected 6.1m @ 1.19g/t gold from 83.8m down hole.