Shine Minerals Corp. announced a non-brokered private placement to issue minimum 4,000,000 units at an issue price of CAD 0.05 per unit for the minimum gross proceeds of CAD 200,000 and maximum of 10,000,000 units at an issue price of CAD 0.05 per unit for the maximum gross proceeds of CAD 500,000 on April 28, 2023. Each Unit consists of one common share of the Company and one common share purchase warrant.

Each Full Warrant entitles the holder to purchase one common share of the Company at a price of CAD 0.07 per share for a period of 12 months following the date of issuance. The transaction is subject to the acceptance of the TSX Venture Exchange. The Company shares issued upon closing will be subject to a statutory 4-month hold period.

The Company may pay finder's fees in connection with the transaction in accordance with the policies of the TSXV.