Rex Minerals (Rex or the Company) has received assay results from a further four holes drilled into the Krista Project at its 100% owned Hog Ranch Gold Property in Nevada USA. The results include the discovery (hole HR20-023) of a new high-grade zone, extending beneath the previous interpretation including 12.2m @ 6.45g/t gold, extending from 167.6m down hole. All of the new results confirm and extend the scale of the oxide gold deposit and further define the internal higher-grade trends which exist outside the historic Geib and Krista open pits. Highlights from the new drilling results are: 210.3m (~187m true width) @ 0.66g/t gold from surface in hole HR20-023, Including 12.2m (~7m true width) @ 6.45g/t from 167.6m. 100.6m (~93m true width) @ 0.77g/t gold from 83.8m in hole HR20-025, Including 44.2m (~41m true width) @ 1.54g/t from 89.9m. 129.5m (~116m true width) @ 0.41g/t gold from 48.8m in hole HR20-024, Including 15.2m (~14m true width) @ 2.26g/t from 161.5m. 56.4m (~48m true width) @ 0.89/t gold from 19.8m in hole HR20-027, Including 30.5m (~26m true width) @ 1.44g/t from 21.3m. The recent drilling is the second of two drilling campaigns completed at Krista in 2020. The first drilling campaign was designed to test for new extensions to the gold mineralisation at Krista. Seven out of 10 drill holes successfully confirmed new extensions to the gold mineralisation at Krista from the first program. The second six hole program was designed to verify historical drilling results, confirm comnay,s geological interpretation and extend (test) the higher-grade trends within the existing inferred Krista Mineral Resource. The drilling results pertaining to announcement have successfully confirmed the locations and extensions to the interpreted higher-grade gold mineralisation, including some further extensions beneath the level of the historical drill hole information. In a number of holes, the drilling results were substantially higher-grade than the model which was based on surrounding historical drill hole information. In addition, drill hole HR20-023 was extended beneath the historical drilling and intersected new higher-grade mineralisation which is interpreted to exist on a previously undefined structure between the Krista and Geib open pits of additional significance relating to drill hole HR20-023 is that the entire drill hole was mineralised over its total 210.3m length and ended in mineralisation with the last sample returning 0.79g/t gold. Results from HR20-025, along with previously reported results from HR20-026 (74.7m at 0.92g/t gold) are interpreted to be extensions of higher-grade gold zone identified in historical diamond drill holes HR09-17 and HR04-03.