Rush Gold Corp. — Capital/Financing Update 2025

Sep 27, 2025

RUSH GOLD CORP.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Rush Gold Announces Closing of Oversubscribed Unit Private Placement

VANCOUVER, BC, September 26, 2025 – Rush Gold Corp. (“Rush” or the “Company”) (CSE: RGN | FSE: B6H) is pleased to announce that further to its news releases of September 12, 2025 and September 22, 2025, the Company has closed the previously announced unit offering raising a total of CAD$514,500. The Company issued 5,145,000 units (“Units”) with each Unit consisting of one common share and one share purchase warrant, with each warrant being exercisable for a period of 24 months at a price of $0.20 per share.

The Shares are subject to a 4-month hold period in all selling jurisdictions, starting from the date of issue.

The Company paid cash finders fees of $18,840 being 8% of the proceeds raised from persons introduced by the finder.

Anthony Zelen, Executive Chairman & CEO of Rush Gold Corp, commented: "We are very pleased to have successfully closed this $500,000 financing, which strengthens our balance sheet and positions Rush Gold for the next phase of growth. This capital will allow us to advance our exploration initiatives and continue delivering value to our shareholders. We appreciate the continued support from our investors and look forward to building on this momentum."

Insiders participated in the Financing, which is a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in subsections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any related party participation in the Offering, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceed 25% of the Company's market capitalization.

The Company will use the net proceeds therefrom towards general working capital and exploration at its mineral properties in Nevada.

The securities referenced herein have not been and will not be registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the "United States" (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release

---

shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Rush Gold Corp.

Rush Gold is a Canadian mining exploration company focused on advancing its properties located in the Republic Mining District, Nye County, Nevada.

| To Learn More About Rush Gold Corp:
Visit website: rushgoldcorp.com/about-us
Subscribe to our mailing list
View our Presentation | Follow our Trajectory & Follow Us On Social Media:
https://www.rushgoldcorp.comhttps://www.rushgoldcorp.com |
| --- | --- |

For further information, please contact:

Anthony Zelen, Director and Chief Executive Officer

T: (778) 388 5258

E: investors@rushgoldcorp.com

https://rushgoldcorp.com

Forward-Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements respecting: the Private Placement and expected timing thereof and use of proceeds therefrom; the Company's commitment to creating lasting value for its shareholders by staying disciplined in its capital allocation, executing with purpose, and building a strong foundation in a highly prospective, world-class district; market conditions continuing to support growth and renewed investor confidence in the Company's sector; and the upsize bringing the Company closer to unlocking the full potential of its assets and delivering meaningful returns over time. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.