Mr. Robert Eckford reports

RUA GOLD EXPANDS REEFTON DRILL PROGRAM AND PROVIDES STRATEGIC OUTLOOK

Rua Gold Inc. has commenced an expanded drilling program at its Reefton project on the South Island of New Zealand, and has outlined the strategy for its fully financed 12-month exploration program.

Robert Eckford, chief executive officer of Rua Gold, commented: "We closed Q2 2025 with $14-million in the treasury, placing us in a strong position to execute on our aggressive exploration plan in New Zealand. Over the past month, our board and management team have been focused on shaping the company's strategy to transition us from an explorer to a developer.

"With New Zealand's highly supportive permitting regime, our goal is to rapidly build ounces on our balance sheet and enter the fast-track permitting process in 2026.

"As our gold-antimony resource continues to grow rapidly -- and with antimony at the top of every nations' critical minerals lists -- the significance of this resource expansion and accelerated permitting is substantial for both Rua Gold and New Zealand."

Reefton goldfield exploration overview

The Reefton goldfield is an orogenic district that produced two million ounces of gold at grades up to 50 grams per tonne up to the early 1900s. Rua Gold has assembled 120,000 hectares within this district that has seen limited drilling in the past 30 years. This goldfield is analogous in age, geology, mineralization style and geological structure to that of Southern Cross gold and the Fosterville gold mine.

Auld Creek: Rua Gold commenced drilling at Auld Creek in December, 2024, and has completed approximately 2,800 metres of drilling. The targeted program aims to add a further 4,000 metres of drilling across four mineralized shoots identified from surface exploration work. Following this, the resource will be refreshed and updated into the National Instrument 43-101 report.

The company is targeting an increase of the Auld Creek resource to over 300,000 gold equivalent ounces by the end of 2025. This target is a global estimate based on current resource surface extension of 350 metres being extended over a one kilometre on surface at similar depths of 280 metres. Insufficient exploration to define a mineral resource has been completed to date, and there is uncertainty if a mineral resource estimate will be delineated; therefore, economic decisions should not be made on this target.

Auld Creek is situated between two past producing mines, Globe Progress mine and the Crushington group of mines, which collectively produced 933,000 ounces at 14.0 grams per tonne gold (Barry, 1993).

Cumberland: Initial drilling from Rua Gold confirms the consistency of the near-surface gold mineralization and supports the strong potential of this target. Continuing drilling is targeting the southern surface extension 100 metres along strike and at depth. Intensified surface exploration is under way to delineate additional drill targets along the 2.5-kilometre-long gold mineralized shear zone.

Additional targets are currently being modelled and surveyed across the Reefton goldfield, including Caledonia in the north and Alexander River in the south. Caledonia represents a historical mine recording the highest-grade production (nine oz per ton gold) in the Reefton goldfield. It was abandoned early and represents a shallow development target.

"The first crushing yielded at the rate of nine oz per ton, with subsequent crushings averaging about four oz per ton. The ore-shoot had a steep easterly dip and pitched to the north at about 30 degrees. It had an average length of about 180 feet and a width of three feet."

Alexander River returned historical production of 41,000 oz of 26 g/t Au, with mining ceasing in 1942 due to the Second World War. Mineralization outcrops over 1.2 kilometres and comprises high-grade quartz reefs and disseminated sulphides. Predecessor Siren Gold drilled extensively along the structure and intersected some exceptionally high-grade zones, which remain open at depth.

An inferred resource of 130,000 oz of 4.1 g/t Au has potential to develop along strike and at depth. Remodelling and further drilling are a priority of the strategic plan.

Glamorgan exploration overview

Glamorgan on the North Island is an exciting new epithermal gold target. Rua Gold has completed extensive surface exploration over the past 12 months as a precursor to drill targeting. Four significant gold-arsenic soil anomalies trending north, northeast and north-northwest strike out individually over four km in length. Drill applications have been submitted, and drilling is expected to commence in fourth quarter 2025.

Results from the work to date indicate the classic features of a major epithermal gold-silver system and are identical to the surface features of the neighbouring Oceanagold Corp. project, Wharekirauponga, which is currently in New Zealand's fast-track permitting process with a decision expected in fourth quarter 2025.

Importantly, Rua Gold's chief operating officer, Simon Henderson, was a member of the exploration team that led to the discovery of Wharekirauponga and has more the 25 years working in the region.

New marketing agreements

Capital Gain Media Inc.: On Aug. 4, 2025, the company entered into an investor relations agreement with Capital Gain. Pursuant to the investor relations agreement, Capital Gain has agreed to provide content development and digital marketing services. The investor relations agreement will remain in effect for five months commencing on Aug. 4, 2025. In accordance with the terms and conditions of the investor relations agreement and as consideration for the services provided by Capital Gain, the company agreed to pay an aggregate cash fee of $120,000 (U.S.), plus applicable taxes. As of the date hereof, to the company's knowledge, Capital Gain (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company. Under the Capital Gain agreement, the company will not issue any securities to Capital Gain as compensation for its marketing service.

Sidis Holdings: The company has entered into a service agreement dated July 30, 2025, with Sidis Holdings pursuant to which Sidis Holdings has agreed to provide investor relations, market awareness campaigns and digital media support. Pursuant to the terms of the Sidis Holdings agreement, such services are to be provided over a six-month period for a fee of $120,000 (U.S.) plus applicable taxes. Sidis Holdings is a full-service marketing agency based in Hong Kong, and is headed by Francis Barker. As of the date hereof, to the company's knowledge, Sidis Holdings (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company. Under the Sidis Holdings agreement, the company will not issue any securities to Sidis Holdings as compensation for its marketing service.

About Rua Gold Inc.

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, its team has taken major discoveries into producing world-class mines across multiple continents. The team is focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.

The company controls the Reefton gold district as the dominant landholder in the Reefton goldfield on New Zealand's South Island with over 120,000 hectares of tenements in a district that historically produced over two million oz of gold grading between nine and 50 g/t.

The company's Glamorgan project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Island's Hauraki district, a region that has produced an impressive 15 million oz of gold and 60 million oz of silver. Glamorgan is adjacent to Oceanagold's biggest gold mining project, Wharekirauponga.

Technical information

Simon Henderson, CP, AusIMM, a qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), chief operating officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed by running checks on the location, analytical and test data underlying the information in the technical disclosure herein.

We seek Safe Harbor.