Mr. Robert Eckford reports

RUA GOLD ANNOUNCED PROPOSED SHARE CONSOLIDATION

Rua Gold Inc.'s board of directors has approved a consolidation of the company's issued and outstanding common shares on the basis of six preconsolidation shares for one postconsolidation share, subject to regulatory approval. The board of directors is proceeding with the consolidation on the basis that it will provide the company with increased flexibility to seek additional financing opportunities and strategic acquisitions.

About Rua Gold Inc.

Rua Gold is a new entrant to the gold mining space, specializing in gold exploration and discovery in New Zealand. Upon closing of the transaction with Siren Gold Ltd. announced in July, 2024, the company will have permits enveloping 90 per cent of the Reefton goldfield in New Zealand's South Island. This district has a rich history dating back to the gold rush in the late 1800s. The company also has a highly prospective tenement package in the North Island, located within three kilometres of Oceanagold's biggest pipeline project, Wharekirauponga. Rua Gold combines traditional prospecting practices with modern technologies to uncover and capitalize on valuable gold deposits.

The company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. Rua Gold has a highly skilled team of New Zealand professionals who possess extensive knowledge and experience in geology, geochemistry and geophysical exploration technology.