The Board of Rex Minerals Limited. (Rex) announced the appointment of Mr. Mark Parry to the role of Managing Director and Chief Executive Officer. Current and founding Managing Director Mr. Steven Olsen will remain on the Board and will continue to play an important role for the company as it makes the transition from an explorer to a development and mining company.

Mr. Parry has a background in metallurgy and business management, with over 27 years experience in manufacturing, mining and construction contracting, including senior executive roles within OneSteel and Leighton. Mr. Olsen will move into the role of Executive Director for Business Development until July 31, 2013, subject to renewal by agreement. He will assist Mr. Parry with important new and existing investor relationships and facilitate the process of obtaining an optimal financing package for the development of the company's Hillside deposit.