(TheNewswire)

Vancouver, British Columbia -
TheNewswire - March 26, 2026: Red
Canyon Resources Ltd. (“Red Canyon” or the “Company”)
(CSE: REDC |
OTCQB: REDRF | Frankfurt: 191) is pleased to
announce that further to its news release of February 25, 2026, the
Company has closed the first tranche of a non-brokered unit private
placement (the “Unit Offering”), issuing 7,560,000 units of the
Company (the “Units”) at a price of $0.20 per Unit for gross
proceeds of $1,512,000. Each Unit consists of one common share and
one-half of a share purchase warrant, with each whole warrant
exercisable into one further common share at a price of $0.30 for a
term of 24 months.

The Company has also completed the first tranche of a
non-brokered private placement (the “LIFE Offering”) to issue
3,175,000 common shares (each, a “LIFE Share”) of the Company at a
price of $0.20 per LIFE Share for gross proceeds of $635,000.

The total gross proceeds raised in this initial phase
of financing are $2,147,000. The Company anticipates final close of
the Offerings by March 31, 2026.

The Company intends to use the net proceeds from the
two offerings for the exploration and advancement of the Company’s
portfolio of copper and copper/gold projects in British Columbia and
Western United States, as well as for working capital and general
corporate purposes.

Cash finder’s fees of $60,130 and 300,650 finder
warrants exercisable at $0.30 per common share for a 24-month term
were paid on a portion of the Unit Offering. Cash finder’s fees of
$44,450 were paid on the LIFE Offering.

In accordance with applicable regulatory requirements
and National Instrument 45-106 - Prospectus Exemptions (“NI
45-106”), the LIFE Shares were offered for sale to purchasers
resident in Canada pursuant to the listed issuer financing exemption
under Part 5A of NI 45-106, as amended and supplemented by Coordinated
Blanket Order 45- 935 Exemptions from Certain Conditions of the Listed
Issuer Financing Exemption, and to investors in other jurisdictions.
The common shares issued to subscribers in the LIFE Offering are not
subject to a hold period pursuant to applicable Canadian securities
laws. All other securities issued are restricted from trading until
July 26, 2026.

Insiders of the Company purchased a total of 390,000
Units. The participation by Insiders in the Unit Offering
constitutes a “related party transaction” for the purposes of
Multilateral Instrument 61-101, Protection of Minority Security
Holders in Special Transactions. The Company is relying upon
exemptions from the requirement to obtain a formal valuation and seek
minority shareholder approval for the Unit Offering on the basis that
the fair market value of the participation by related parties in the
Unit Offering is less than 25% of the Company’s current market
capitalization.

The securities described herein have not been, and will
not be, registered under the U.S. Securities Act, as amended, or any
state securities laws, and accordingly, may not be offered or sold
within the United States or the U.S. persons except in compliance with
the registration requirements of the U.S. Securities Act and
applicable state securities requirements or pursuant to exemptions therefrom. This press release does not
constitute an offer to sell or a solicitation to buy any securities in
any jurisdiction.

Engagement of Media Group

The Issuer has arranged for Market One Media Group Inc.
(“Market One”) to conduct marketing and social media activities in
support of the Company’s business initiatives. Market One is a
marketing agency for public companies with offices in Vancouver and
Toronto. It provides multiplatform media solution for the capital
markets operating in editorial, video and digital media.

The person responsible for the marketing and social
media activities, on behalf of Market One, is Brett Yelland of Suite
320, 440 West Hastings Street, Vancouver, British Columbia, V6B 1L1;
email address brett@marketone.com and telephone number +1 (604)
428-2125. Market One and Mr. Yelland are arm’s length to the
Issuer.

The marketing and social media activities will commence
on April 1, 2026 and are expected to end on March 31, 2027.

The marketing and social media activities are
anticipated to include the following:

• Full length video interview and video article to becreated and hosted on BNN Bloomberg and distributed across Market OneYoutube Channel, Facebook, X and LinkedIn;
  
• Article to be posted on Barchart.com and distributedacross Market One Facebook, X and LinkedIn;
  
• Email lead generation; and
  
• Banner ads rotation with all of Market One'sclients banner ads on BNN Bloomberg.
  

Market One will receive total compensation of a cash
payment of $50,000 plus applicable taxes for its services. The
compensation does not include options to purchase securities of the
Issuer.

About Red Canyon Resources

Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF |
Frankfurt: 191) 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.

For more information, please visit the Company's
website at www.redcanyonresources.com.

Red Canyon is part of the NewQuest Capital Group whichis a discovery-driven investment group that builds value through theincubation and financing of mineral projects and companies. Furtherinformation about NewQuest can be found on the company website atwww.nqcapitalgroup.com.

1Red Canyonhas two projects subject to option earn in agreements whereby theCompany can earn into 100% of the project.

On Behalf of the Board ofDirectors

Wendell Zerb, P. Geol

Chairman and Chief Executive Officer

+1 (604) 681-9100

wzerb@redcanyonresources.com

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

bzerb@redcanyonresources.com

The Canadian Securities Exchange does not acceptresponsibility for the adequacy or accuracy of this pressrelease.

Forward-Looking Statements:

This news release includes certain
forward-looking statements and forward-looking information (together,
“forward-looking statements”). All statements other than
statements of historical fact included in this release, including,
without limitation, statements regarding the offerings, the use of
proceeds from the offerings, other future plans and objectives of the
Company are forward-looking statements. There can be no assurance that
such statements will prove to be accurate and actual results and
future events may vary from those anticipated in such statements.
Important risk factors that could cause actual results to differ
materially from the Company's plans or expectations include
failure to obtain CSE acceptance of the offerings, inability to use of
proceeds from the offerings as expected, failure to raise sufficient
funds on the proposed terms or at all, and risks associated with
mineral exploration, including the risk that actual results and timing
of exploration and development will be different from those expected
by management. The forward-looking statements in this news release
were developed based on the assumptions and expectations of
management, including that CSE acceptance for the offerings will be
obtained, the Company will be able to use the proceeds from the
offerings as anticipated, required fundraising will be completed, as
well as the other assumptions disclosed in this news release and that
the risks described above will not materialize. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by applicable
securities legislation.

Readers are cautioned not to place
undue reliance on forward-looking statements. The Company undertakes
no obligation to update any of the forward-looking statements, except
as otherwise required by law.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.

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