NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
RED PONY EXPLORATION CLOSES PRIVATE PLACEMENT AND AQUIRES ADJACENT CLAIMS Vancouver, British Columbia – December 21, 2020 – Red Pony Exploration Limited (“Red Pony” or the “Company”) is pleased to announce that it has completed a non-brokered private placement (the “Offering”) of an aggregate of 4,285,714 common shares in the capital of the Company (each, a “Share”) at a price of $0.07 per Share for gross proceeds of $300,000. Red Pony intends to use the net proceeds of the Offering for exploration and development of the Winslow Gold Project and for general working capital purposes. Red Pony is also pleased to announce that it has staked two additional claims totaling 5.53 square kilometers covering prospective ground adjacent to and adjoining the Winslow property. About Red Pony Red Pony is an exploration company with a 51% interest in the Winslow Gold Project. The Winslow Gold Project covers approximately 3,321.45 hectares of land north of Trout Lake including part of the historic Silvercup Ridge area in the West Kootenay region of southeastern British Columbia, Canada. The Project includes the small past-producing Winslow mine and the Copper Queen, Enderby, Okanagan, Sharon, U and I, and Yuill prospects. Additional information about Red Pony and the Winslow Gold Project can be found on the Company’s website at redponyexploration.com.
Director and Chief Executive Officer
Red Pony Exploration Limited
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Cautionary Statement Regarding Forward-Looking Information.
Certain information contained in this news release constitutes “forward-looking information” or
“forward-looking statements” (collectively, “forward-looking information”). Without limiting the
foregoing, such forward-looking information includes statements regarding the process and completion
of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s
business plans, expectations and objectives. In this news release, words such as “may”, “would”,
“could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words
and the negative form thereof are used to identify forward-looking information. Forward looking
information should not be read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether, or the times at or by which, such future performance will be
achieved. Forward-looking information is based on information available at the time and/or the
Company management’s good faith belief with respect to future events and is subject to known or
unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond
the Company’s control. The forward-looking information set forth herein reflects the Company’s
expectations as at the date of this news release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.