Mr. Dev Randhawa reports

SHINE MINERALS UPDATES HIGH-GRADE SILVER DISTRICT PROJECT, SOUTHERN ARIZONA

Shine Minerals Corp. has provided an update on the proposed transaction with Red Cloud Silver Inc. (RCS), whereby, pursuant to the terms of a definitive option agreement dated Dec. 23, 2025, as amended by an amending agreement dated March 24, 2026, Shine has been granted an option to acquire all of the 11.1 million issued and outstanding common shares of RCS. This press release is being published in accordance Section 3.5 of TSX Venture Exchange Policy 3.3, Timely Disclosure.

Pursuant to the amending agreement, Shine may elect to exercise the option to acquire RCS and acquire all of the issued and outstanding RCS shares, upon the delivery of a purchase notice. Upon receipt of the purchase notice, Shine will acquire from the holders of RCS shares, all of the issued and outstanding RCS shares by issuing 20.7 million common shares of Shine. Further, pursuant to the amending agreement, RCS may waive the previously announced $2-million in expenditures required to exercise the option in full. The previously announced $650,000 cash payment due from Shine to RCS in connection with the option is now payable if Shine completes a financing or series of financings for minimum aggregate gross proceeds of $5-million. The issuance of the Shine shares and the transfer of the RCS shares are to occur within 30 days after delivery of the purchase notice and remain subject to the approval of the TSX-V and applicable securities laws.

As previously disclosed, 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 (including TSX-V Policy 5.1) 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, United States. 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 Canada-based natural-resource-focused company. The company is engaged in the acquisition, exploration, evaluation and development of mineral resource assets.

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