Las Vegas - EXLA RESOURCES, INC. (OTC Pink: EXLA) (the 'Company or EXLA') has reached an agreement to acquire a 100% interest in the Rimrock Gold Project, located within the Ivanhoe Mining District of Nevada.

EXLA to acquire 100% of drill ready Rimrock Gold Project

Rimrock strategically located on both the Midas Epithermal Trend and the Carlin Trend

Five high-priority gold drill targets already defined at Rimrock

EXLA to commence a strategic review of all data ahead of a maiden exploration program.

Chris Lotito, CEO of EXLA Resources stated: 'We have been working tirelessly on this transformational acquisition for some time and we thank shareholders for their patience. The acquisition gives us a strategic position in a well-established mining jurisdiction with excellent mining infrastructure. The project is drill ready with a number of high-priority targets and we look forward to updating shareholders as we advance the project.'

About the Rimrock Gold Project

The Rimrock Gold Project comprises 133 unpatented lode claims that cover an area of 2,722.56 acres. The Property is proximal to two of Hecla Mining Company's gold-silver mines that are currently on Care and Maintenance but are being further explored by drilling.

The Hollister Mine lies contiguously bounding the Rimrock claims to the south, and had an originally estimated 2 million ounces of high-grade gold-silver. Hecla's Midas Mine is located 14 km to the northwest of Rimrock, and it contained an estimated 3 million ounces of high-grade gold and 25 million ounces of high-grade silver. Hecla recently made a discovery of high-grade gold-silver mineralization at its Green Racer Property, which lies between Midas and Rimrock; on which Hecla has been busy drilling.

The Property also is located just 16 km northwest of the giant Goldstrike-Meikle Mining Complex owned and operated by Nevada Gold Mines LLC.

urface and also at depth, gives the project a high level of prospectivity. The multi-target nature of the property means EXLA can target: low-sulfidation, high-grade gold-silver deposits that tend to be fault bounded and located in the upper 1,000m of geological sequences of Tertiary volcanic rocks and in Paleozoic Upper Plate quartzites and sandy to limy argillites.

Carlin-style gold-(silver) mineralization, which tends to form below the contact of Lower Plate mudstones and underlying Paleozoic carbonate rocks. Carlin-style mineralization also is found in a sandy part of the Upper Plate sequence at Goldstrike and near Rimrock known as the Bazza Sandstones.

Forward Looking Statements

This release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words 'estimate', 'project', 'intend', 'forecast', 'anticipate', 'plan', 'planning', 'expect', 'believe', 'likely', 'should', 'could', 'would', 'may' or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.

Contact:

Ryan Long

Email: info@EXLAresources.com

Web: www.EXLAresources.com

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