Rex Resources Amends Kalum Option Agreement for the Kalum Gold Property, Golden Triangle Region, B.C.

Vancouver, Canada, March 18, 2022 (GLOBE NEWSWIRE) -- REX RESOURCES CORP. (TSXV:OWN.VN) (“REX” or the “Company”) announces that it has amended the Kalum Option Agreement (the “Option Agreement”) with Eagle Plains Resources Ltd. dated August 12, 2020, as amended. The exploration expenditure amounts and deadlines due pursuant to the Option Agreement have been revised as follows: $500,000 ($600,000 total) originally required to be expended by December 31, 2021 has been amended to $150,000 ($250,000 total) by December 31, 2022; an additional $800,000 ($1,400,000 total) required to be expended by December 31, 2022 has been amended to an additional $1,000,000 ($1,250,000 total) by December 31, 2023; and an additional $1,600,000 ($3,000,000 total) required to be expended by December 31, 2023 has been amended to an additional $1,750,000 ($3,000,000 total) by December 31, 2024.