Mr. Wendell Zerb reports

RED CANYON COMPLETES PRIVATE PLACEMENT FINANCINGS

Red Canyon Resources Ltd., further to its news releases of Feb. 25, 2026, and March 26, 2026, has closed a non-brokered unit private placement to issue in aggregate 9,285,000 units of the company at a price of 20 cents per unit for gross proceeds of $1,857,000. 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 30 cents for a term of 24 months.

An initial tranche of 7.56 million units closed on March 25, 2026, for gross proceeds of $1,512,000 and a final tranche of 1,725,000 units closed on March 31, 2026, for additional gross proceeds of $345,000. The final tranche included an investment by Teck Resources Ltd., which maintained its 9.9-per-cent equity interest in Red Canyon on a partially diluted basis, following its initial investment announced on Sept. 18, 2025. Cash finders' fees of $12,250 and 61,250 finders' warrants exercisable at 30 cents per common share for a 24-month term were paid on a portion of the final tranche. All securities issued in the final tranche are restricted from trading until Aug. 1, 2026.

As previously disclosed, the company completed a non-brokered private placement of 3,175,000 common shares at a price of 20 cents per share for gross proceeds of $635,000 pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended and supplemented by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, on March 25, 2026.

The unit and LIFE (listed issuer financing exemption) offerings are now closed, for combined gross proceeds of $2,492,000.

The company intends to use the net proceeds from the two offerings for the exploration and advancement of the company's portfolio of copper and copper/gold projects in British Columbia and Western United States, as well as for working capital and general corporate purposes.

About Red Canyon Resources Ltd.

Red Canyon Resources is a geoscience-driven, discovery-focused mineral exploration company exploring North America's top copper jurisdictions. Red Canyon has a portfolio of 100-per-cent-owned (1) 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. Further information about NewQuest can be found on the company website.

(1) Red Canyon has two projects subject to option earn-in agreements, whereby the company can earn into 100 per cent of the project.

We seek Safe Harbor.