Financing update news release

Big Red Mining Corp. Provides Financing Update.

Vancouver, BC, December 6, 2024 - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the “Company”

or “Big Red”) announced on October 23, 2024 a private placement financing (the “Offering”) of

up to 11,200,000 Common Shares of the Company at a price of C$0.18 per Common Share for

gross proceeds to the Company of up to $2,016,000. Big Red also announced a Flow-Through

financing of up to 4,800,000 Flow-Through common shares at $0.21 for gross proceeds to the

Company of up to $1,008,000. The net proceeds received from the Offering will be used by the

Company for exploration and development activities and general working capital. The Flow-

Though portion of the financing is expected to be closed shortly, followed by the private

placement in due course.

About Big Red Mining Corp.

Big Red holds an option to acquire 100% ownership of the Antimony 2.0 Property in New

Brunswick, Canada. The property is located approximately 25 kilometers west of Fredericton,

the Provincial Capital and approximately 15 km 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% of the world’s demand of Antimony from 1970 through

1992. The Antimony 2.0 property has excellent access including provincial and logging roads

and hydro power. Big Red also holds an option to acquire a 100% interest in the Dobie Lake

Copper Project (the “Property”) in Ontario, Canada. The Property is Located approximately 100

km from Sault Ste Marie, Ontario. The Property surrounds and covers Extensions of the Past

producing Jentina Mine. Past drilling on the property has identified at least three copper-

bearing vein and breccia structures with copper values.

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.

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.

416-881-5154, [email protected]