ATMY.CN · 2024-12-11 12:00:00

Big Red Mining Corp. Closes Flow-Through Private Placement

Financings

Vancouver, BC, December 11, 2024 - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the “Company” or “Big

Red”) announces that, further to its news releases of October 23, 2024 and December 6, 2024, it has

closed its flow-through financing of common shares at $0.21 per share, whereby the Company issued a

total of 3,605,000 common shares for proceeds of $757,050. The Company is paying a cash finder’s fee

of $52,900 to GloRes Securities Inc. and has issued 192,833 finder’s warrants to GloRes Securities Inc. and

59,500 finder’s warrants to Marquest Asset Management Inc. for services provided to the Company as a

finder with respect to the private placement subscriptions by the private placement placees. Each finder’s

warrant is exercisable into one common share at a price of $0.22 per share on or before June 9, 2026.

The shares issued pursuant to the private placement, and any shares to be issued on the exercise of the

finder’s warrants are restricted from trading until April 10, 2025. The proceeds of the private placement

will be used for property exploration.

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 kilometres west of Fredericton, New Brunswick, and approximately 15 kilometres north-

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 kilometres of

relatively unexplored ground with excellent access via provincial and logging roads, and hydro power.

Antimony has been detected at highly anomalous levels in soil samples collected on the Antimony 2.0

Property by the optionor.

Big Red also holds an option to acquire a 100% interest in the Dobie Lake Copper Project (the “Dobie Lake

Property”), which is located approximately 100 km from Sault Ste. Marie, Ontario. The Dobie Lake

Property surrounds and covers extensions of the past producing Jentina Mine and comprises 131 claims

totaling 6,500 acres (26 square kilometers).

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

For further information please contact:

Anthony Simone, President, Simone Capital Inc.