Rincon Resources : Re-release - Completion of EIS Diamond Hole at South Telfer

South Telfer Copper-GoldProject

26 May 2022

onlyRe-release - Diamond Drilling Completed at Hasties

Rincon Resources Limited (Rincon or the Company) (ASX: RCR) advises that the announcement titled "Completion of EIS Diamond Hole at South Telfer" dated 26 May 2022 has be re-released to

include Table 3 per the following updated announcement. There are no other changes to the
announcement.
This ASX Announcement has been approved for release by the Board of Directors.
use	---ENDS----
For more information visit www.rinconresources.com.auor contact:
Company:	Investors:
Gary Harvey	Amalie Schreurs
Managing Director	White Noise Communications
Rincon Resources Limited	[e-mail]
[phone]	[phone]
personalFor

About Rincon

Rincon Resources Limited has a 100% interest in three highly prospective copper and gold projects in Western Australia: South Telfer, Kiwirrkurra and Laverton. Each project has been subject to historical xploration that has identified significant mineralised systems which Rincon intends on exploring to

d lineate copper and gold resources.

26 May 2022

only Highlights

Diamond Drilling Completed at Hasties

South Telfer Copper-Gold Project

use 660m EIS co-funded diamond hole 22STDC002 completed at the Hasties Prospect.

 'Hasties Deeps' target zones1 successfully tested with multiple zones of brecciation and sulphides observed.

 Samples have been submitted to the laboratory for assaying, with results expected within 6-8 weeks.

 The balance of the Phase 2 drilling program, comprising approximately 2,300m of RC drilling, will commence after evaluation and assessment of the diamond drilling results has been completed.

personalRincon's Managing Director, Gary Harvey commented:

"We are pleased to have completed, and successfully intersected the 'Hasties Deeps' target zones as intended, with multiple zones of alteration, veining, brecciation and sulphides observed throughout the hole. We are encouraged to see evidence of a sequence of alteration events that can be considered similar to other mineral systems in the Paterson Province2.

"While we now await the final assays, we have already engaged industry consultant Outcrop Exploration Services to assist in assessing the alteration and structure observed, which will inform our strategy for the remaining RC drilling program".

Rincon Resources Limited (Rincon or the Company) is pleased to provide an update on the progress of the Company's Phase 2 drilling campaign at its flagship South Telfer Copper-Gold Project,

Forlocated in the Paterson Province, Western Australia, 12km south of the Telfer Gold Mine.

The Exploration Incentive Scheme (EIS) co-funded diamond drillhole 22STDC002 is now complete. The EIS hole was designed to test the 'Hasties Deep' target area for structurally controlled copper- gold mineralisation at the apex, and along the eastern limb zone, of a folded Dolerite Sill (Dolerite).

22STDC002, drilled to 660m, successfully intersected the target fold axis zone near the apex of the Dolerite, approximately 350m below the surface, and about 150m below the deepest drilled copper-gold mineralisation at the Hasties Main Zone. The hole proceeded to drill through the Dolerite and tested the eastern limb contact zone (refer Figure 2).

1. Refer to RCR:ASX Release dated 8 November 2021.
2. Based on exploration models presented and observed by industry consultant Outcrop Exploration Services.

ASX Announcement 26 May 2022

Multiple zones of intense alteration, veining, brecciation and sulphides (mainly pyrite & minor chalcopyrite) were intersected throughout and proximal to target zones (see Photos and Table 1 below), including zones of disseminated sulphides (chalcopyrite ± pyrite), alteration and veining also within the Dolerite.

The hole has now been processed and samples sent to the laboratory for assaying. Assay results

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are expected within 6-8 weeks.
personalFor	A		B
	D		C

Photos: Clockwise from top left - (A) Chalcopyrite (cpy) in quartz veining. (B) Pyrite (py) ± cpy along discordant quartz- carbonate veins selvage. (C) Py ± cp veining with quartz-carbonate veining in siltstone. (D) Fine disseminated pyrite in altered and brecciated Dolerite near apex zone.

Note: Alteration and mineralogy is based on visual observations only.

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ASX Announcement 26 May 2022

For personal use only

Figure 1: Hasties drillhole location plan showing location of diamond hole 22STDC002.

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ASX Announcement 26 May 2022

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Figure 2: Schematic section through Hasties Main Zone; 22STDC002 successfully tested Hasties Deeps.

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