Mr. Robert Eckford reports

RUA GOLD ANNOUNCES UPSIZING OF NON-BROKERED PRIVATE PLACEMENT

Due to strong investor demand, Rua Gold Inc. has increased the size of its previously announced non-brokered private placement offering of common shares of the company to raise gross proceeds of up to $8,005,800, consisting of 7,278,000 common shares at a price of $1.10 per common share, up from the previously announced $5,005,000.

The net proceeds of the upsized non-brokered offering will be used for exploration and development activities on the company's Reefton project and Glamorgan project, both located in New Zealand, and for working capital and general corporate purposes.

No finder's fee will be paid in connection with the upsized non-brokered offering.

The common shares issued under the upsized non-brokered offering will be issued on a non-brokered private placement basis pursuant to applicable exemptions under National Instrument 45-106 (Prospectus Exemptions). The common shares will be issued to purchasers in each of the provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States on a private placement basis pursuant to available exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended. The common shares issued under the upsized non-brokered offering will be subject to resale restrictions pursuant to applicable Canadian securities laws of four months and one day from the closing date of the upsized non-brokered offering.

The upsized non-brokered is expected to close on or about Jan. 28, 2026, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The upsized non-brokered offering is subject to final acceptance of the TSX-V.

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 ounces of gold grading between nine and 50 grams per tonne. 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 ounces of gold and 60 million ounces of silver. Glamorgan is adjacent to Oceanagold Corp.'s biggest gold mining project, Wharekirauponga.

We seek Safe Harbor.