Mr. Dev Randhawa reports

Shine Minerals Corp. is providing an update on the proposed transaction with Red Cloud Silver Ltd., whereby pursuant to the terms of a definitive option agreement dated Dec. 23, 2025, Shine has been granted an option to acquire all of the 11.1 million issued and outstanding common shares of RCS pursuant to the terms of the definitive agreement. This press release is being published in accordance Section 3.5 of TSX Venture Exchange Policy 3.3 -- Timely Disclosure.

The proposed transaction is proceeding toward closing, and the company has made the requisite submissions to the TSX Venture Exchange in connection with the proposed transaction. Completion of the proposed transaction remains subject to the satisfaction of customary conditions, including receipt of all required approvals of the TSX-V. In connection with the proposed transaction, a finder's fee of one million common shares in the capital of the company is payable to an arm's-length finder, subject to compliance with applicable securities laws and the policies and approval of the TSX-V.

RCS is a private British Columbia company that holds an option on the Silver district exploration project located in La Paz county, Arizona. The proposed transaction is intended to serve 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 (reactivation of NEX issuers).

About Shine Minerals Corp.

Shine Minerals is a Canadian natural resource focused company. The company is engaged in the acquisition, exploration, evaluation and development of mineral resource assets.

We seek Safe Harbor.