You give the red scale from the shiny gyarados to mr Pokemon
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Yes. Give a red scale to Mr. Pokemon and he will give you EXP Share.
go to mr. pokemon's house and trade it for a exp. share
After fighting the red Gyarados at the Lake of Rage, you will get a Red Scale. You need to take this scale to Mr Pokemon on Route 30 (North of Cherrygrove City). He will trade the Experience Share item for your Red Scale.
Use the experience share item and attach it to a pokemon that you want to gain exp. Also if you start with the weak pokemon and swap out for a stronger pokemon, then half the exp goes to each pokemon
If you take the red gyarados scale to Mr. Pokemon (The guy who gave you the egg at the beginning of the game), he will trade it for the experience share.