Red Canyon Resources Ltd. (CSE: REDC) (OTCQB: REDRF) is pleased to announce it has completed a non-brokered charity flow-through private placement to issue 8,525,295 Charity Flow Through Common Shares of the Company at a price of $0.272 per Charity FT Share for gross proceeds of $2,318,880.

Teck Resources Limited has acquired a 9.9% equity interest in the Company through the purchase of 6,301,868 common shares underlying the Charity FT Offering at a back-end price of $0.17 per share. Teck’s investment represents $1,714,108 of the Charity FT Offering gross proceeds. Red Canyon is pleased to welcome Teck as a new strategic investor.

Existing major shareholder Crescat Capital LLC also participated in the financing, maintaining its proportionate equity ownership in the Company.

Each Charity FT Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

The proceeds from the Charity FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Tax Act related to the Company’s Kendal project and other projects in British Columbia, on or before December 31, 2026, and the Company will renounce all the Qualifying Expenditures in favour of the subscribers of the Charity FT Shares effective December 31, 2025. The flow-through critical mineral mining expenditures will be eligible for a federal 30% investment tax credit for any eligible individual investors and, for any individual investor who is resident or subject to tax in the Province of British Columbia, the Qualifying Expenditures will also be eligible for the 20% additional tax credit under the Income Tax Act (British Columbia).

The Charity FT Offering was facilitated by PearTree Securities Inc., who did not receive any fees or commissions from the Company for its role. All securities issued are restricted from trading until January 19, 2026.

In connection with Teck’s participation in the Charity FT Offering, the Company has entered into an Investor Rights Agreement with Teck under which, subject to certain conditions, Teck shall be granted the right to participate in future share issuances to maintain its proportionate equity ownership in the Company.

About Red Canyon Resources

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% owned¹ 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 track 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.

¹ Red Canyon has two projects subject to option earn in agreements under which the Company may acquire 100% interest of the projects.