Shine Minerals granted option to acquire Ariz. project

Executive Summary

• Shine Minerals Corp. has been granted an option to acquire all 11.1 million issued and outstanding common shares of Red Cloud Silver Ltd. (RCS) pursuant to a definitive option agreement dated December 23, 2025.
• The transaction is intended to facilitate Shine's reactivation from the NEX board to a Tier 2 mining issuer under TSX Venture Exchange Policy 2.6, Section 1.4.
• The transaction is proceeding toward closing, with requisite submissions made to the TSX Venture Exchange, subject to customary conditions including TSX-V approval.

Key Details

• Transaction Structure: Shine Minerals holds an option to acquire 100% of the issued and outstanding common shares of Red Cloud Silver Ltd. (RCS).
• Target Asset: RCS is a private British Columbia company holding an option on the Silver district exploration project located in La Paz County, Arizona.
• Strategic Purpose: The transaction serves as Shine's reactivation from the NEX board to a Tier 2 mining issuer in accordance with TSX-V Policy 2.6, Section 1.4.
• Finder's Fee: A finder's fee of 1,000,000 common shares in the capital of Shine Minerals is payable to an arm's-length finder, subject to compliance with applicable securities laws and TSX-V policies.
• Regulatory Status: The company has made requisite submissions to the TSX Venture Exchange. Completion is subject to customary conditions, including receipt of all required approvals from the TSX-V.
• Disclosure Basis: Published in accordance with Section 3.5 of TSX Venture Exchange Policy 3.3 -- Timely Disclosure.