Mr. Wendell Zerb reports

RED CANYON CLOSES PRIVATE PLACEMENT

Red Canyon Resources Ltd., further to its news release of April 7, 2025, has closed the last tranche of the previously announced non-brokered private placement for aggregate gross proceeds of $1,640,440 through the issuance of 10,252,750 units of the company at a price of 16 cents per unit. Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of 24 cents for a term of 24 months.

An initial tranche of 9,377,750 units for gross proceeds of $1,500,440 closed on April 7, 2025, as previously announced. The final tranche of 875,000 units for gross proceeds of $140,000 closed on May 2, 2025, and the securities are restricted from trading until Sept. 3, 2025. No commissions were paid in connection with the final tranche.

The proceeds from the offering will be used for exploration activities at the company's Western United States and British Columbia projects, and for general working capital.

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. 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.

Red Canyon is part of the NewQuest Capital Group, which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies.

We seek Safe Harbor.