Red Canyon Resources Closes First Tranche of Private Placement

Vancouver, British Columbia — March 26, 2026 — Leads & Copy — Red Canyon Resources Ltd. has announced the closing of the first tranche of a non-brokered unit private placement, issuing 7,560,000 units at $0.20 per unit, raising gross proceeds of $1,512,000.

Each unit comprises one common share and one-half of a share purchase warrant. Each whole warrant allows the holder to purchase one further common share at $0.30 for a period of 24 months.

The company also completed the first tranche of a non-brokered private placement, issuing 3,175,000 common shares at $0.20 per share, raising gross proceeds of $635,000.

The total gross proceeds raised in this initial phase of financing are $2,147,000. The company anticipates final close of the offerings by March 31, 2026.

The company plans to use the net proceeds for exploration and advancement of its copper and copper/gold projects in British Columbia and the Western United States, as well as for working capital and general corporate purposes.

Cash finder’s fees of $60,130 and 300,650 finder warrants exercisable at $0.30 per common share for a 24-month term were paid on a portion of the Unit Offering. Cash finder’s fees of $44,450 were paid on the LIFE Offering.

The LIFE Shares were offered for sale to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended and supplemented by Coordinated Blanket Order 45- 935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and to investors in other jurisdictions. The common shares issued to subscribers in the LIFE Offering are not subject to a hold period pursuant to applicable Canadian securities laws. All other securities issued are restricted from trading until July 26, 2026.

Insiders of the company purchased a total of 390,000 units. The participation by Insiders in the Unit Offering constitutes a “related party transaction” for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon exemptions from the requirement to obtain a formal valuation and seek minority shareholder approval for the Unit Offering on the basis that the fair market value of the participation by related parties in the Unit Offering is less than 25% of the company’s current market capitalization.

Red Canyon Resources has arranged for Market One Media Group Inc. to conduct marketing and social media activities in support of the company’s business initiatives. Market One will receive total compensation of a cash payment of $50,000 plus applicable taxes for its services. The compensation does not include options to purchase securities of the Issuer.

Red Canyon Resources Ltd. is a geoscience-driven, discovery-focused mineral exploration company exploring North America’s top copper jurisdictions. Red Canyon has a portfolio of 100% owned copper and copper-gold porphyry exploration projects.

Wendell Zerb, P. Geol, Chairman and Chief Executive Officer of Red Canyon Resources, confirmed the announcement on behalf of the Board of Directors.

Red Canyon is part of the NewQuest Capital Group.

Source: Red Canyon Resources