Ann: Hog Ranch Drilling Update, page-3

Bells Drilling Results
Seven holes for 1,056 meters were drilled at the Bells Project during this RC drill program. The drilling
program was designed to upgrade Inferred Mineral Resources to Indicated Mineral Resources. Results
received to date were from two holes which confirm the continuity of gold mineralisation in the northwest corner of the current Inferred Mineral Resource. The drilling results closely match the most
proximal historical drill holes and are in line with the existing block model which defines the current
Mineral Resource estimate at the Bells deposit (see Rex announcement dated 29 January 2020). Table 1
below identifies the gold intervals received to date from the Bells RC drilling, and Figure 2 is a crosssection of the two drill holes. All remaining assay results from the Bells drilling are anticipated within the