Red Pine Announces Results of its Annual General Meeting

Press Release

TORONTO, January 22, 2026 — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce the results of its annual and special meeting of shareholders held on January 21, 2026 (the “Meeting”).

At the Meeting, the shareholders:

⦁ Re-elected Drew Anwyll, Rachel Goldman, Paul Martin, Michael Michaud, Alice Murphy and Gary O’Connor as directors of the Company;
⦁ Reappointed MNP LLP, Chartered Accountants, as the Company’s auditors;
⦁ Approved the change of name of the Company to “RPX Gold Inc.”, or such other name as determined by the Board of Directors and as may be acceptable to the regulatory authorities (the “Name Change”); and
⦁ Approved an amendment to the articles of the Company to delete the class of Preference Shares and update the terms of the common shares.

Following the Meeting, the Board of Directors of the Company resolved to proceed with the Name Change. Following receipt of all regulatory and stock exchange approvals, the Company’s stock is expected to begin trading under its new name. The ticker symbol will not change. The Company will make a further announcement when such date has been determined.

Michael Michaud, President and CEO of Red Pine commented: “We appreciate the continued support of our shareholders and are pleased to have received approval on all matters brought before the meeting. The name change to RPX Gold better reflects our strategic focus and evolution as we set on a path to becoming a producer at the Wawa Gold project.”

Effective January 21, 2026, the Board of Directors has granted an aggregate of 2,915,000 stock options to directors, officers, employees and consultants of the Company pursuant to its Stock Option Plan. Each stock option is exercisable to acquire one common share of the Company at a price of $0.21 per common share, being the closing price of the Company’s common shares as at the close of market on January 20, 2026. The stock options vest at a rate of 25% upon grant as well as 25% on the next three grant-date anniversaries up to January 21, 2029 and expire on January 21, 2031.

These options were granted under the Company’s “fixed number” stock option plan (“the Plan”), effective December 14, 2021. A “fixed number” plan that reserves not more than 10% of the outstanding shares does not require shareholder approval under applicable TSXVE policies. As of January 21, 2026, there were 9,606,565 stock options outstanding, leaving an aggregate of 504,315 to be granted under the Plan.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a Toronto-based gold company transitioning from exploration towards development. The Company’s shares trade on the TSX Venture Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol “RDEXF”.

The Company’s flagship asset, the Wawa Gold Project, is located in northwestern Ontario, in the Michipicoten Greenstone Belt of Ontario, adjacent to several established gold-producing operations, including those operated by Wesdome Gold Mines Ltd., Alamos Gold Inc., and Hemlo Mining Corp. The Wawa Gold Project also benefits from strong infrastructure and excess regional mill capacity.

The property currently hosts a National Instrument 43-101 compliant resource from two mineral deposits, namely the Jubilee Shear and the Minto Mine. The mineral resource includes an Indicated Mineral Resource of 14.7 million (“M”) tonnes grading 1.8 grams per tonne gold (“g/t Au”) containing 842,000 ounces of gold and an Inferred Mineral Resource of 16.2 M tonnes grading 1.6 g/t Au containing 843,000 ounces of gold, with both open pit and underground mining potential. Gold mineralization extends to surface on a historic mining property, which supports a staged development strategy. (Refer to WSP Technical report filed with Sedar on Sept. 30, 2024).

Red Pine is evaluating Phase 1 open-pit operations designed to generate early cash flow and help improve the cost of capital and works towards advancement of the Wawa Gold Project. The Company plans to update the mineral resource estimate and complete a Preliminary Economic Assessment in early 2026, with a phased approach aimed at de-risking development, accelerating time to revenue, and gaining the advantage associated with a producer share-price multiple.

For more information about the Company, visit www.redpineexp.com

Or contact:

Michael Michaud, President and Chief Executive Officer, at (416) 364-7024 or mmichaud@redpineexp.com

Or

Manish Grigo, Director of Corporate Development, at (416) 569-3292 or mgrigo@redpineexp.com

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