Mr. Anthony Zelen reports

RUSH GOLD ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Further to Rush Gold Corp.'s news releases dated March 11, 2026, April 17, 2026, and June 30, 2026, it has closed the second tranche of its previously announced non-brokered private placement of common shares at a price of 10 cents per share.

Private placement

Pursuant to the second tranche, the company issued 10,305,000 shares for gross proceeds of $1,030,500. Together with the first tranche of the private placement which closed on April 17, 2026, pursuant to which the company issued 6.12 million shares for gross proceeds of $612,000, the company has now issued an aggregate of 16,425,000 shares for aggregate gross proceeds of $1,642,500 under the private placement.

The company intends to use the proceeds of the second tranche for exploration activities, potential new acquisitions and for general working capital purposes.

As announced in the company's news release dated June 30, 2026, the company is party to a corporate advisory agreement dated June 29, 2026, with CPS Capital Group Pty. Ltd. pursuant to which it engaged CPS to co-ordinate and lead manage, on a best endeavours' basis, the second tranche, in exchange for a combination of a management fee, a placement fee, a share-based commission, a work fee and a corporate finance fee. Under the terms of the advisory agreement, in connection with the second tranche, the company paid CPS cash fees of $54,230 and issued CPS 3,504,300 shares.

All securities issued pursuant to the second tranche and the advisory agreement are subject to a four-month hold period from issuance under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Rush Gold Corp.

Rush Gold is a Canadian mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. The company is focused on advancing its mineral projects in Nevada, United States.

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