Ann: Rex enters non-binding Heads of Agreement, page-4

This Hog Ranch has the qualities of the Hillside Project.

Superb and so reassuring for shareholdrs.

Hillside Project:
The updated Mineral Resource – the seventh for the Hillside Project - includes information from 608 diamond holes and 245 RC holes for a total of 239,000m. The Mineral Resource remains open at depth and towards the north and south.

Hog Ranch:
The Hog Ranch drillhole database over 2575 holes for 208,594m drilled with 70% of the drilling is less than 100m.

Either case there is no mine operation.

This is not in the interest of shareholders.

Our board is in conflict of interest with this announcement.