Rincon Resources Limited (ASX: RCR) ('Rincon' or 'Company') is pleased to announce the commencement of drilling activities at its high-priority Avalon Nb-REE target, along with the Sheoak, K1, and K2 targets at its West Arunta Project in Western Australia.

HIGHLIGHTS

Reverse circulation (RC) drilling has started at the high-priority Avalon niobium-REE1 target. () Diamond drilling contractor scheduled to arrive mid-week. () Initial phase includes at least 3,000m of drilling to test the Avalon, Sheoak, K1, and K2 targets as follows: o Avalon: A minimum of 2,100m, including 1 diamond drill hole (DDH) and 6 RC holes. o Sheoak: A minimum of 700m, including 1 DDH and 1 RC hole. o K1: 1 diamond hole to a minimum of 500m. o K2: 1 RC hole to a minimum of 300m. () RC drilling supported by a Western Australian Government EIS2 co-funding grant of up to $180,000.

Contact:

Gary Harvey

Managing Director

Rincon Resources Limited

Tel: +61 (08) 6243 4089

David Lenigas

Executive Chairman

Tel: +44 (0) 7881 825378

About Rincon

Rincon has 100% interest in three exploration assets in Western Australia that are highly prospective for copper, gold, Nb, REE's, and other critical metals required for the energy transition. These are the South Telfer Project, West Arunta Project, and the Laverton Project. Each asset has previously been subject to historical exploration which has identified prospective mineral systems that warrant further exploration. The Company's aim is to create value for its shareholders by advancing its assets through the application of technically sound, methodical, and systematic exploration programs to test, discover, and delineate economic resources for mining.

Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr Gary Harvey who is a Member of The Australian Institute Geoscientists and is Managing Director of the Company. Mr Harvey has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Harvey consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Future Performance

This announcement may contain certain forward-looking statements and opinions. Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forwardlooking statements or other forecast. Nothing contained in this announcement, nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Rincon.

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