File: '\\swfile\EmailIn\20241125 180733 Attachment RUA - News Release announcing proposed 6_1 consolidation.docx'

LEGAL_44952184.1

LEGAL_44952184.1

November 25, 2024

RUA GOLD ANNOUNCED PROPOSED SHARE CONSOLIDATION

Rua Gold Inc. (TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") announces that the Board of Directors have approved a consolidation of the Company's issued and outstanding common shares on the basis of six (6) pre-consolidation shares for one (1) post-consolidation 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

RUA GOLD (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) 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 Limited announced in July 2024, the Company will have permits enveloping 90% 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 3 kms 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.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

RUA GOLD Contact

Robert Eckford

Chief Executive Officer

Email: reckford@RUAGOLD.com

Website: www.RUAGOLD.com

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.