Big Red Mining Corp. Options the Bald Hill Antimony Property in New Brunswick, Canada and Announces Financing

Big Red Mining Corp. Options the Bald Hill Antimony Property in New Brunswick, Canada and

Announces Financing

Vancouver, BC, January 22, 2025 - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the “Company” or

“Big Red”) is pleased to provide an update on our expanding antimony portfolio. The company

has signed an agreement to acquire the Bald Hill Antimony Project in southern New Brunswick.

Highlights

• Bald Hill is a known high-grade antimony deposit in southern New Brunswick

• Past work including drilling has outlined an antimony deposit over 500 m long

• Widths average over 3 meters and grades average 3% to 4% antimony.

• NI-43-101 Technical Report: Potential quantity and grade of the drilled area, which is the

target of further exploration, is in the 725,000 to 1,000,000 tonne range grading 4.11%

to 5.32% Sb (~30,000 to 40,000 tonnes contained antimony)

• Potential to expand based on additional known targets

The Property

The property is located approximately equal distance from Sussex, Fredericton and St John in

southern New Brunswick in Queens County New Brunswick. Access is very good with Provincial

and regional highways crossing and adjacent to the property.

Total of 25 drill holes have been completed on the property since discovery in 2008. The deposit

consists of at least three antimony-bearing breccias and hydrothermal veins zones trending

northwesterly. Mineralization has been defined over 700 meter strike length to a vertical depth

of 300 meters and is open in all directions and to depth. High Grade antimony has been

encountered in drilling including the discovery Hole DDH08-03 which intersect ed 4.51m @

11.7% Sb including 2.29m grading 20.9% Sb.

2010 Trenching ~ 450 meters south of DDH08-03 returned 2.90% Sb over 8.18m, which included

5.79% Sb over 1.75m and 8.47% over 1.53m.

The Option Agreement

Big Red Mining Corp. can exercise the Option and earn a 100% interest in the Property by

making aggregate cash payments of $2,000,000 to Globex Mining Enterprises Inc., issuing an

aggregate of 1,100,000 common shares to Globex and incurring aggregate exploration

expenditures of $5,000,000 on the Property as follows:

(a) Paying $2,000,000 in cash to Globex as follows:

(i) $25,000 paid on or before the tenth business day after Exchange acceptance of this

Option Agreement;

(ii) $75,000 p a i d on or before the 3 m o n t h s f r o m of the Effective Date of this

Option Agreement;

(iii) $125,000 p a i d on or before the 1st anniversary of the Effective Date of this

Option Agreement;

(iv) $150,000 p a i d on or before the 2nd anniversary of the Effective Date of this Option

Agreement;

(v) $500,000 p a i d on or before the 3rd anniversary of the Effective Date of this Option

Agreement; and

(vi) $1,125,000 p a i d o n or before the 4th anniversary of the Effective Date of this

Option Agreement;

Note: First 2 year payments are firm obligations.

Figure 2: Sample of Antimony Baring Breccia from Surface Trench.

The Bald Hill Property is subject of a NI43 -101 Technical Report by CRA dated May 2010.

(Reference: NATIONAL INSTRUMENT 43-10 TECHNICAL REPORT BALD HILL ANTIMONY PROJECT

SOUTHERN NEW BRUNSWICK, CANADA NTS MAP SHEET 21G/09 AND 21H/12 Prepared For:

Rockport Mining Corp.)

While noting that the report does not describe a resource, that report does present the Potential

for the Bald Hill Project based on work to that date.

The report states:

“Potential Quantity and Grade Ranges”

Between March 2008 and June 2008, Rockport Mining Corp completed 16 diamond drill

holes totaling 3454 meters on the Bald Hill Property. A total of 609 samples (including

QA/QC) were assayed from the drill program. The drilling has outlined a northwest-southeast

trending antimony-rich mineralized zone over a strike length of 450 metres.

Significant antimony mineralization intersected by the drilling includes 11.7% Sb over

4.51 metres (core width) in diamond drill hole BH-08-03. A summary of significant drill

hole assay results is shown in Table 3. Surface mineralization assayed 43% Sb over 2.0

metres. The mineralized zone remains open in all directions and is felt to have

significant potential for expansion.

The potential tonnage and grade of a potential mineral deposit at the Bald Hill Property,

which is the target of further exploration, is expressed as ranges in the Table 6 below.

The potential quantity and grade is conceptual in nature as there has been insufficient

exploration to define a mineral resource and it is uncertain if further exploration will

result in the target being delineated as a mineral resource.

POTENTIAL QUANTITY AND GRADE RANGES*

Zone Metric Tonnage

Grade

(%Sb)

Main Zone 700,000 to 900,000

4.33% to

5.40

Parallel Zone 25000 to 100,000

2.13% to

3.19%

Total 725,000 to 1,000,000

4.11% to

5.32%

-Note: * The potential quantity and grade is conceptual in nature as there has been

insufficient exploration to define a mineral resource and that it is uncertain

if further exploration will result in the target being delineated as a mineral

resource.

Estimation Methodology

The Bald Hill potential quantity and grade estimates were completed using a manual

polygonal method to estimate antimony grades and tonnages for each composited

interval block (“block”). Composited intervals were calculated for each drill hole and

surface outcrop in an excel spreadsheet. Each interval had to meet the criteria of being

greater than or equal to the minimum true thickness of 1.0 metres, and to be greater than

or equal to the cut-off grade of 1% or 2% antimony. The current antimony metal price is

US $8,800 to $9,300 /tonne (Metal Bulletin: April 22, 2010).”

Figure 3: Bald Hill Mineralized Zones

Figure 4: Example Cross Section of Bald Hill Mineralized Zone

Discussion

Jim Atkinson, CEO of Big Red Commented “We are very excited to have an opportunity to

acquire the Bald Hill Antimony Property in Southern New Brunswick. The property has a series of

excellent drill holes with high-grade antimony intersections in a vein-breccia system that has

been drilled over 500 meters and is open for expansion. Our staff is currently finalizing plans for

08-03 08-10 08-12

43% Sb

(surface showing)

400E

200E

0 m

-100 m

100 m

-200 m Siltstone / Argillite

Volcaniclastics

Felsic Volcanics

Sb Mineralization

Legend

0 50 100

Scale

SW NE

0 m

-100 m

100 m

-200 m

1.77% Sb / 1.81m

4.41% Sb / 1.00m

6.74% Sb / 3.30m

11.70% Sb / 4.51m

Section 0+00 S

Bald Hill Antimony ProjectBald Hill Antimony Project

~ 40m off

-section

to NW

08-03 08-10 08-12

43% Sb

(surface showing)

400E

200E

0 m

-100 m

100 m

-200 m Siltstone / Argillite

Volcaniclastics

Felsic Volcanics

Sb Mineralization

Legend

0 50 100

Scale

SW NE

0 m

-100 m

100 m

-200 m

1.77% Sb / 1.81m

4.41% Sb / 1.00m

6.74% Sb / 3.30m

11.70% Sb / 4.51m

Section 0+00 S

Bald Hill Antimony ProjectBald Hill Antimony Project

08-03 08-10 08-12

43% Sb

(surface showing)

400E

200E

0 m

-100 m

100 m

-200 m Siltstone / Argillite

Volcaniclastics

Felsic Volcanics

Sb Mineralization

Legend

0 50 100

Scale

SW NE

0 m

-100 m

100 m

-200 m

1.77% Sb / 1.81m

4.41% Sb / 1.00m

6.74% Sb / 3.30m

11.70% Sb / 4.51m

Section 0+00 S

08-03 08-10 08-12

43% Sb

(surface showing)

400E

200E

0 m

-100 m

100 m

-200 m Siltstone / Argillite

Volcaniclastics

Felsic Volcanics

Sb Mineralization

Legend

Siltstone / Argillite

Volcaniclastics

Felsic Volcanics

Sb Mineralization

Legend

0 50 100

Scale

0 50 100

Scale

SW NE

0 m

-100 m

100 m

-200 m

1.77% Sb / 1.81m

4.41% Sb / 1.00m

6.74% Sb / 3.30m

11.70% Sb / 4.51m

Section 0+00 S

Bald Hill Antimony ProjectBald Hill Antimony Project

~ 40m off

-section

to NW

an exploration program that will include up to 2000 meters of diamond Drilling along with other

field work.”

The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc.,

P .Geo., who is a qualified person as defined by National Instrument 43-101.

Big Red also announces a private placement financing (the “Offering”) of up to 13,000,000

Common Shares of the Company at a price of C$0.11 per Common Share for gross proceeds to

the Company of up to $1,430,000. The net proceeds received from the Offering will be used by

the Company for exploration and development activities and general working capital.

About Big Red Mining Corp.

Big Red holds an option to acquire a 100% interest in the Antimony 2.0 Property, which is

located approximately 25 kilometers west of Fredericton, New Brunswick, and approximately

15 kilometers northeast of the historic Lake George antimony mine. The Lake George antimony

mine operated for various periods from the 1860s to 1998 and produced as much as 4 per cent

of the world's demand of antimony from 1970 through 1992. The Antimony 2.0 Property

comprises over 35 square kilometers of relatively unexplored ground with excellent access via

provincial and logging roads, and hydro power.

Big Red’s management team possess extensive experience in financing, exploration,

development and mining. Big Red intends to conduct exploration campaigns on each of its

optioned properties with a goal of finding one or more minable resources.

WWW.BIGREDMINING.COM

On Behalf of the Board of Directors

Jim Atkinson, CEO and President, [email protected]

For further information please contact:

Anthony Simone, President, Simone Capital Inc.

416-881-5154, [email protected]