Rex Resources Corp. announced a non-brokered private placement of 1,333,333 flow-through shares at a price of CAD 0.15 per share for gross proceeds of CAD 200,000 on April 26, 2022. The transaction is expected to close on May 24, 2022 and is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange.

The securities are subject to a hold period of four months and one day in accordance with applicable securities laws. Finder's fees will be payable in accordance with the policies of the Canadian Securities Exchange.