Mr. Anthony Zelen reports

RUSH GOLD ANNOUNCES CLOSING OF ACQUISITION OF LANDY INVESTMENTS

Rush Gold Corp., further to its news release dated June 30, 2026, has completed the acquisition of all of the issued and outstanding shares of Landy Investments Ltd., a private British Columbia company, pursuant to the share purchase agreement dated June 29, 2026.

Through the Landy acquisition, the company has acquired Landy's rights to mining interests in two Nevada projects: (i) a 100-per-cent interest in the Douglas Canyon project, a gold/antimony mineral property located in Mineral county, Nevada; and (ii) an 80-per-cent undivided interest in the Hollow North-South project, a copper/gold mineral property located in Lyon county, Nevada.

As consideration for the Landy acquisition, the company: (i) issued an aggregate of 12.5 million shares at a deemed price of 10 cents per consideration share to the shareholders of Landy and their nominees at closing; (ii) paid $50,000 in cash to satisfy consideration payable to the vendor of the Douglas Canyon project; (iii) paid $100,000 in cash (less $20,000 in exclusivity amounts already paid) to satisfy consideration payable to the vendor of the Hollow North-South project; and (iv) issued one million warrants exercisable at 20 cents per share for a three-year term to the vendor of the Hollow North-South project and its nominee.

All securities issued pursuant to the Landy acquisition 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.

In addition, 33 per cent of the consideration shares (being 4,125,000 consideration shares) are subject to voluntary escrow for six months from issuance and 33 per cent of the consideration shares (being 4,125,000 consideration shares) are subject voluntary escrow for 12 months from issuance.

In addition to the closing consideration, the company will issue up to an additional two million shares to certain of the Landy vendors upon achievement of drilling milestones on the mining rights, as follows: (i) one million shares upon completion of an aggregate of 1,000 metres of drilling; and (ii) an additional one million shares upon completion of an aggregate of 2,000 metres of drilling. If either milestone has not been satisfied within 36 months following closing, no milestone shares shall be issuable in respect thereof.

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, U.S.

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