Shine Minerals Upsizes Financing to $1.5 Million

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, January 9,2026 – TheNewswire -Shine Minerals Corp. (TSXV:SMR-H.V)
(“Shine” or the “Company”) is pleased toannounce that further to its press releases dated December 11, 2025,due to significant investor demand, the non-brokered private placementwill be increased to $1.5m.

Red Cloud Silver (“RCS”) is a privateBritish Columbia company that holds an option on the Silver DistrictExploration Project located in La Paz County, Arizona, USA (the“Project”). The Proposed Transaction is intended to serve asShine’s reactivation from the NEX board to a Tier 2 Mining Issuer inaccordance with TSXV Policy 2.6, Section 1.4 (Reactivation of NEX Issuers).

Proposed Transaction Structure

As set out in the Definitive Agreement, the Company hasacquired the right and option to purchase all of the 11,100,000 issuedand outstanding shares of RCS by issuing 6,500,000 post-Consolidation(as defined below) common shares of the Company (each, a“Share”) to the shareholders of RCS (“RCS Shareholders”)on a pro rata basis. The issuance of these Shares is not expected toresult in the Company acquiring any ownership interest in RCS; rather,it grants the Company the contractual right to acquire RCS in thefuture.

Following the Company’s completion of $2,000,000 inexploration expenditures on the Project within one year, the Companymay, in its sole discretion, exercise its option to acquire 100% ofthe RCS Shares by issuing an additional 14,200,000 post-ConsolidationShares and paying $650,000 in cash to the RCS Shareholders on a prorata basis.

RCS is currently a party to an option (the“RCS Option”) to acquire a 100% interest in the Project from Gulf +Western Industries, Inc. (“Gulf”) by making US$1.4 million in stagedcash and share payments to October 31, 2028 (the “RCS Option Agreement”). If the RCS Option is exercised, Gulf will retain a 2%net smelter return royalty. During the term of the RCS Option, RCS isresponsible for maintaining the property in good standing and formaking all payments required under the RCS Option. Any RCS Sharesrequired to be issued to Gulf under the RCS Option Agreement will beissued by the Company, subject to a restriction that the Company willnot issue Gulf more than 3,000,000 Shares, or such number of Sharesthat would result in Gulf holding more than 9.9% of the Company’soutstanding Shares.

Prior to closing the Proposed Transaction, the Companywill complete a 5-for-1 share consolidation (the “Consolidation”) anda non-brokered private placement for gross proceeds of approximatelyC$1,500,000 at C$0.06 per pre-Consolidation Share (the “Financing”). Proceeds will be used to fund transaction costs,reactivation expenses, initial exploration on the Project, and generalworking capital. The Consolidation and Financing will be conditionsto closing.

The completion of the Proposed Transaction remainssubject to TSXV acceptance and satisfaction of all conditionsprecedent set out in the Definitive Agreement. There can be noassurance that the Option will be exercised or that the ProposedTransaction will be completed as contemplated.

In connection with the Proposed Transaction, theCompany has applied to the TSXV for reactivationof trading of its Shares in accordance withapplicable TSXV policies. Trading will not resume until all requiredfilings have been completed and TSXV approval has beenobtained.

About Shine Minerals Corp.

Shine Minerals Corp is a Canada-based natural resourcefocused company. The Company is engaged in the acquisition,exploration, evaluation, and development of mineral resourceassets.

Shine Minerals Corp.

750-1620 Dickson Ave

Kelowna, BC V1Y 9Y2

Contact Information:

Investor Relations

info@shine-minerals.ca

Telephone: 250-868-6553

ON BEHALF OF THE BOARD
“DevRandhawa”
Dev Randhawa, CEO


Neither the TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) has reviewed or acceptsresponsibility for the adequacy or accuracy of this release.

Cautionary NoteRegarding Forward-Looking Information

Certain statements contained in thisrelease constitute forward-looking information within the meaning ofapplicable Canadian securities laws. Such forward-looking statementsrelate to: the Definitive Agreement, the Proposed Transaction, theProject, the exploration potential of the Project and any of theCompany’s other mineral projects; and potential futureproduction.

In certain cases, forward-lookinginformation can be identified by the use of words such as"plans", "expects", "budget","scheduled", "estimates", "forecasts","intends", "anticipates" or "believes",or variations of such words and phrases or state that certain actions,events or results "may", "could","would", "might", "occur" or "beachieved" suggesting future outcomes, or other expectations,beliefs, plans, objectives, assumptions, intentions or statementsabout future events or performance. Forward-looking informationcontained in this news release is based on certain factors andassumptions regarding, among other things, the Company can raiseadditional financing to continue operations; the results ofexploration activities, commodity prices, the timing and amount offuture exploration and development expenditures, the availability oflabour and materials, receipt of and compliance with necessaryregulatory approvals and permits, the estimation of insurancecoverage, and assumptions with respect to currency fluctuations,environmental risks, title disputes or claims, and other similarmatters. While the Company considers these assumptions to bereasonable based on information currently available to it, they mayprove to be incorrect.

Forward looking information involvesknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward-looking information.Such factors include risks inherent in the exploration and developmentof mineral deposits, including risks relating to the ability to accessinfrastructure, risks relating to the failure to access financing,risks relating to changes in commodity prices, risk related tounanticipated geological or structural formations and characteristicsrisks related to current global financial conditions, risks related tocurrent global financial conditions and the impact of any futureglobal pandemic on the Company’s business, reliance on keypersonnel, operational risks inherent in the conduct of explorationand development activities, including the risk of accidents, labourdisputes and cave-ins, regulatory risks including the risk thatpermits may not be obtained in a timely fashion or at all, financing,capitalization and liquidity risks, risks related to disputesconcerning property titles and interests, environmental risks and theadditional risks identified in the “Risk Factors” section of theCompany’s reports and filings with applicable Canadian securitiesregulators.

Although the Company has attemptedto identify important factors that could cause actual actions, eventsor results to differ materially from those described inforward-looking information, there may be other factors that causeactions, events or results not to be as anticipated, estimated orintended. Accordingly, readers should not place undue reliance onforward-looking information. The forward-looking information is madeas of the date of this news release. Except as required by applicablesecurities laws, the Company does not undertake any obligation topublicly update or revise any forward-looking information.

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