Shine Announces Unsecured Loans

Kelowna, British Columbia – TheNewswire - October 28, 2026 – Shine Minerals Corp. ( TSXV: SMR.H ) (“ Shine ” or the “ Company ”) is pleased to announce that the Company has entered into agreements with a non-arm’s length private company wholly owned by Mr. Ross McElroy, the President and Chief Executive Officer of the Company, and a non-arm’s length private company wholly owned by Mr. Dev Randhawa, the Executive Chairman of the Company (together, the “ Lenders ”), pursuant to which the Lenders will provide financing to Shine by way of unsecured promissory notes, each with a principal amount of C$205,000 (the “ Loans ”). The proceeds of the Loans will be used by the Company to make an option payment in connection with the previously announced proposed transaction (the “ Proposed Transaction ”) with Red Cloud Silver Ltd. (“ RCS ”) pursuant to the terms of a definitive option agreement dated December 23, 2025, as amended by an amending agreement dated March 24, 2026. The Proposed Transaction remains subject to the approval of the TSX Venture Exchange (“ TSXV ”). The Loans are unsecured and all payments of principal and accrued interest will be deferred and repaid at the discretion of

Plan Gratis · Plus 29 CA$ o Pro 99 CA$/mes