Mr. Brennan Zerb reports

RED CANYON COMMENCES INAUGURAL DRILL PROGRAM AT ITS 100% OWNED KENDAL COPPER PROJECT

Red Canyon Resources Ltd. has commenced diamond drilling on its 100-per-cent-owned Kendal project in west-central British Columbia. The company is focused on impactful, value-added exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America.

Company highlights:

• The planned program is fully financed and will consist of four to six drill holes totalling up to 2,500 metres (m). Drilling will target an interpreted copper porphyry system, represented by significant altered and mineralized volcanic and porphyritic rocks exposed over 2.5 kilometres (km) times 1.5 km.
• Lithogeochemical studies suggest that the erosional level of the porphyry system alteration in Kendal Creek could be directly above and in close proximity to a modeled zone of copper mineralization.
• Independent structural and lithological mapping at Kendal has identified four phases of porphyry-related quartz sulphide stockwork vein sets with identified copper mineralization associated with at least two phases.
• The Kendal project has never been previously drill tested.
• The company controls a portfolio of seven 100-per-cent-owned, internally generated copper and copper-gold projects in British Columbia and the Western United States, four of which are drill ready.

Wendell Zerb, the chairman and chief executive officer of the company, states: "We are very excited for this inaugural drill program at Kendal. It's a rare circumstance that a small cap mineral exploration company has the opportunity to conduct a first pass drill program on such an exciting, 100-per-cent-owned target. Kendal geology, alteration, lithogeochemistry and geophysics all suggest Kendal represents a newly recognized copper porphyry system. This initial drill program will test a portion of this large system and provide an important framework for future work at Kendal. Testing big targets is part of our business plan and we believe Kendal is an outstanding leveraged target."

Kendal project drill plan

Red Canyon has commenced a diamond drill program consisting of four to six drill holes totalling up to 2,500 metres (m). Drilling will target an interpreted copper porphyry system, represented by significant altered and mineralized volcanic and porphyritic rocks exposed over 2.5 km times 1.5 km.

Kendal comprises five 100-per-cent-owned mineral claims totalling 2,738 hectares located in west-central British Columbia approximately 25 km northeast of the city of Terrace, a regional infrastructure hub with a well-serviced airport. Infrastructure is excellent with four intersecting highways, hydroelectric power, and rail corridors and port facilities approximately 120 km to the west at Prince Rupert. The project has direct road access, only 3.5 km from Highway 16.

The company has completed a detailed geological interpretation, a lithogeochemistry vectoring study, lithological and structural mapping, magnetic inversion modelling, and a radiometric survey. These technical studies significantly enhance the company's confidence that Kendal may represent a newly discovered, copper porphyry system.

Lithogeochemical vectoring conducted by Red Canyon suggests that the current level of erosion is potentially in close proximity to the prospective potassic alteration zone, suggesting that the top of a copper porphyry system could be near surface.

The drilling will be conducted from three drill locations at Kendal: one road accessible pad on the west side of Kendal Creek and two helicopter-supported pads on the east side of Kendal Creek. Collar locations are set up at approximately 90 to 115 m above the base of Kendal Creek. Drilling will initially target areas below exposed porphyritic intrusions in Kendal Creek and within the interpreted magnetic destruction zone and coincident with gamma-ray radiometric responses outlining very low thorium/potassium (Th/K) ratios. The company anticipates the program to run into late October.

About Red Canyon Resources Ltd.

Red Canyon Resources is a geoscience-driven, discovery-focused mineral exploration company focused on exploring North America's top copper jurisdictions. The company's core goal is to make impactful copper discoveries to benefit all stakeholders and support the clean energy transition. Red Canyon has a portfolio of 100-per-cent-owned copper and copper-gold porphyry exploration projects. The company's technical team consists of experienced geoscientists with diverse capital market, small cap and major mining company backgrounds and a record of success.

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