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REDC.CN ·

Red Canyon Grants Stock Options

Share Capital & Compensation

Suite 1210 – 1130 West Pender Street

Vancouver, British Columbia, V6E 4A4 Canada

T +1 (604) 681-9100

[email protected]

Red Canyon Grants Stock Options

Vancouver, British Columbia, August 30, 2024: Red Canyon Resources Ltd. (“Red Canyon”

or the “Company”) (CSE: R EDC | OTCQB: REDRF) announces that it has granted 2,015,000

incentive stock options (the “Options”) to directors, officers, employees and consultants of the

Company. Each Option is exercisable to purchase one common share of the Company at a price

of $0.20 for a five-year term and vests immediately. The Options are subject to the acceptance

of the Canadian Securities Exchange.

About Red Canyon Resources

Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-

focused mineral exploration company focused on exploring North America’s top copper

jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all

stakeholders and aid in the clean energy transition. Red Canyon has a portfolio of 100% owned

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 which is a discovery-driven investment group

that builds value through the incubation and financing of mineral projects and companies. Further

information about NewQuest can be found on the company website at www.nqcapitalgroup.com.

On Behalf of the Board of Directors

Wendell Zerb, P. Geol

Chairman and Chief Executive Officer

+1 (604) 681-9100

[email protected]

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

[email protected]