Shine Minerals Provides Update on High-Grade Silver-Fluorspar-Barite Silver District Project, Southern Arizona

(TheNewswire)

January 30, 2025 – TheNewswire - VANCOUVER,BRITISH COLUMBIA, Shine Minerals Corp. (TSXV: SMR-H.V) (“Shine” or the“Company”) is pleasedto provide an update on the proposed transaction (the “Proposed Transaction”) with Red Cloud Silver Ltd. (“RCS”), wherebypursuant to the terms of a definitive option agreement (the“DefinitiveAgreement”) dated December 23, 2025, Shine hasbeen granted an option to acquire all of the 11,100,000 issued andoutstanding common shares of RCS pursuant to the terms of theDefinitive Agreement. This press release is being published inaccordance Section 3.5 of TSX Venture Exchange (the “TSXV”) Policy 3.3– TimelyDisclosure.

The Proposed Transaction is proceeding toward closing,and the Company has made the requisite submissions to the TSX VentureExchange (the “TSXV”) in connection with the ProposedTransaction. Completion of the Proposed Transaction remains subject tothe satisfaction of customary conditions, including receipt of allrequired approvals of the TSXV. In connection with the ProposedTransaction, a finder’s fee of 1,000,000common shares in the capital of the Company ispayable to an arm’s-length finder, subject to compliance withapplicable securities laws and the policies and approval of theTSXV.

RCS is a private British Columbia company that holds anoption on the Silver District Exploration Project located in La PazCounty, Arizona, USA (the "Project"). The Proposed Transaction isintended to serve as Shine's reactivation from the NEX board to aTier 2 Mining Issuer in accordance with TSXV Policy 2.6, Section 1.4(Reactivation of NEXIssuers).

About Shine Minerals Corp.

Shine Minerals Corp is a Canada-based natural resourcefocused company. The Company is engaged in the acquisition,exploration, evaluation, and development of mineral resourceassets.

Shine Minerals Corp.
750-1620 Dickson Ave
Kelowna, BC V1Y 9Y2

Contact Information:
Investor Relations
info@shine-minerals.ca
Telephone: 250-868-6553

ON BEHALF OF THE BOARD
"DevRandhawa"
Dev Randhawa, CEO

Neither the TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) has reviewed or acceptsresponsibility for the adequacy or accuracy of this release.

Cautionary Note RegardingForward-Looking Information

Certain statements contained in thisrelease constitute forward-looking information within the meaning ofapplicable Canadian securities laws. Such forward-looking statementsrelate to: the Definitive Agreement, the Proposed Transaction, theProject, the exploration potential of the Project and any of theCompany's other mineral projects; and potential futureproduction.

In certain cases, forward-lookinginformation can be identified by the use of words such as"plans", "expects", "budget","scheduled", "estimates", "forecasts","intends", "anticipates" or "believes",or variations of such words and phrases or state that certain actions,events or results "may", "could","would", "might", "occur" or "beachieved" suggesting future outcomes, or other expectations,beliefs, plans, objectives, assumptions, intentions or statementsabout future events or performance. Forward-looking information contained in this newsrelease is based on certain factors and assumptions regarding, amongother things, the Company can raise additional financing to continueoperations; the results of exploration activities, commodity prices,the timing and amount of future exploration and developmentexpenditures, the availability of labour and materials, receipt of andcompliance with necessary regulatory approvals and permits, theestimation of insurance coverage, and assumptions with respect tocurrency fluctuations, environmental risks, title disputes or claims,and other similar matters. While the Company considers theseassumptions to be reasonable based on information currently availableto it, they may prove to be incorrect.

Forward-looking information involvesknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any future results, performance orachievements expressed or implied by the forward-looking information.Such factors include risks inherent in the exploration and developmentof mineral deposits, including risks relating to the ability to accessinfrastructure, risks relating to the failure to access financing,risks relating to changes in commodity prices, risk related tounanticipated geological or structural formations and characteristicsrisks related to current global financial conditions, risks related tocurrent global financial conditions and the impact of any futureglobal pandemic on the Company's business, reliance on keypersonnel, operational risks inherent in the conduct of explorationand development activities, including the risk of accidents, labourdisputes and cave-ins, regulatory risks including the risk thatpermits may not be obtained in a timely fashion or at all, financing,capitalization and liquidity risks, risks related to disputesconcerning property titles and interests, environmental risks and theadditional risks identified in the "Risk Factors" section ofthe Company's reports and filings with applicable Canadiansecurities regulators.

Although the Company has attemptedto identify important factors that could cause actual actions, eventsor results to differ materially from those described inforward-looking information, there may be other factors that causeactions, events or results not to be as anticipated, estimated orintended. Accordingly, readers should not place undue reliance onforward-looking information. The forward-looking information is madeas of the date of this news release. Except as required by applicablesecurities laws, the Company does not undertake any obligation topublicly update or revise any forward-looking information.

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