REX Opportunity Corp. Announces Amendment to Terms of Private Placements and Conditional Listing Approval on the Canadian Securities Exchange

Toronto, Ontario

February 8, 2021

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REX Opportunity Corp. ("REX" or the "Corporation") is pleased to announce the amendment of prior private placements to reduce the offering prices by $0.10 per unit and to extend the expiry date of warrants comprising part of the units to two years from the date of listing on a recognized Canadian stock exchange. REX will issue 2,298,085 shares, 2,075,000 warrants exercisable at $0.35 per share and 111,543 warrants exercisable at $0.50 per share. No additional proceeds will be received by REX.

REX is also pleased to announce that it has received conditional approval for the listing of its common shares on the Canadian Securities Exchange (the "CSE").

About REX

REX is developing and implementing a strategy of acquiring interests in creators' content and channels, rolling them into a public company to offer the opportunity to invest directly in creators. With REX, creators and investors will have the opportunity to share in the growth of the content industry.

For further information contact:

REX Opportunity Corp.

Jim Boyle
Chief Executive Officer
jim@rexopportunity.com

Douglas Ibbitson, CFA
Chief Investment Officer
doug@rexopportunity.com

www.rexopportunity.com

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