RED PINE ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED “BOUGHT DEAL” PRIVATE PLACEMENT TO C$9,565,529

Red Pine Exploration Inc. has announced the upsize of its previously announced bought deal private placement to C$9,565,529, representing increased investor demand for the financing round. The transaction is being co-led by Haywood Securities Inc., acting as co-lead underwriter and sole bookrunner, along with Research Capital Corporation as co-lead underwriter.

The upsize of the private placement suggests strong investor confidence in Red Pine's prospects and indicates robust market appetite for the company's equity offering. Bought deal financings typically provide companies with certainty of funding as underwriters commit to purchase the full offering, making this an attractive financing structure for Red Pine's capital requirements.

This financing will provide Red Pine with additional capital to advance its exploration and development activities. The successful upsize of the offering demonstrates the company's ability to access capital markets effectively and positions it well for executing its strategic initiatives. The involvement of established investment dealers Haywood Securities and Research Capital Corporation adds credibility to the transaction and suggests institutional interest in Red Pine's investment proposition.