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REDC.CN ·

Red Canyon Resources to Commence Trading on the OTCQB Under Symbol REDRF

Listings & Exchange

Suite 1210 – 1130 West Pender Street

Vancouver, British Columbia, V6E 4A4 Canada

T +1 (604) 681-9100

[email protected]

Red Canyon Resources to Commence Trading on the OTCQB

Under Symbol REDRF

Vancouver, British Columbia, April 30, 2024: Red Canyon Resources Ltd. (CSE: REDC)

(OTCQB: REDRF) (the “Company” or “Red Canyon”) is pleased to announce that it has qualified

for trading on the OTCQB Venture Market in the United States operated by the OTC Markets

Group Inc. and the Company’s common shares will commence trading on the OTCQB under the

symbol “REDRF” with an effective date of May 1, 2024. The Company has additionally secured

Depository Trust Company (“DTC”) eligibility for its common shares traded in the United States.

The Company’s common shares continue to trade on the Canadian Securities Exchange (the

“CSE”) under the symbol “REDC”.

Wendell Zerb, the Company’s President and CEO , commented: “The OTCQB listing with DTC

eligibility will allow Red Canyon to broaden its shareholder base in the USA, as well as promote

greater liquidity as we continue to explore our portfolio of 100% owned copper and copper-gold

properties in the Western USA and British Columbia”.

About the OTCQB

The OTCQB offers early stage and developing U.S. and international companies the benefits of

being publicly traded in the U.S. The OTCQB helps companies build shareholder value with a

goal of enhancing liquidity and achieving fair valuation.

U.S. investors can find current financial disclosure and Real-Time level 2 quotes for the Company

on www.otcmarkets.com. The Company’s listing on the CSE and the trading of its shares on the

OTCQB contribute to a larger global presence and offers investors preeminent access to trading.

About the Depository Trust Company

The Depository Trust Company is a subsidiary of The Depository Trust & Clearing Corporation

and manages the electronic clearing and settlement of publicly traded companies. Securities that

are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible".

This electronic method of clearing securities speeds up the receipt of stock and cash, and thus

accelerates the settlement process for investors trading the Company's shares on the OTCQB.

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.

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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]

Forward-Looking Statements:

This news release includes certain forward -looking statements and forward -looking information

(collectively, “forward-looking statements”) within the meaning of applicable Canadian securities

legislation. All statements, other than statements of historical fact, included herein including,

without limitation, statements regarding future capital expenditures, exploration activities and the

specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and

the anticipated business plans and timing of future activities of the Company, are forward-looking

statements. Although the Company believes that such statements are reasonable, it can give no

assurance that such expectations will prove to be correct. Often, but not always, forward looking

information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”,

“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or

variations of such words including negativ e variations thereof, and phrases that refer to certain

actions, events or results that may, could, would, might or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors

which may ca use the actual results, performance or achievements of the Company to differ

materially from any future results, performance or achievements expressed or implied by the

forward-looking statements. Such risks and other factors include, among others, risks r elated to

the anticipated business plans and timing of future activities of the Company, including the

Company’s exploration plans and the proposed expenditures for exploration work thereon, the

ability of the Company to obtain sufficient financing to fund its business activities and plans, the

ability of the Company to obtain the required permits, changes in laws, regulations and policies

affecting mining operations, the Company’s limited operating history, currency fluctuations, title

disputes or claims, environmental issues and liabilities, as well as those factors discussed under

the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings

of the Company with the Canadian Securities Authorities, copies of which can be found under the

Company’s profile on the SEDAR website at www.sedar.com.

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.