The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length option to joint venture agreement dated Sept. 15, 2025, between Carolina Rush Corp., its wholly owned subsidiary -- Pancon Resources Carolinas Corp. (Subco) -- and an arm's-length party: OceanaGold Minerals U.S. Inc. (the optionee), a subsidiary of OceanaGold Corp. Pursuant to the agreement, the optionee will have an option to acquire up to an 80-per-cent beneficial interest in the company's leasehold interest in the Brewer gold-copper project, located in South Carolina, United States.

In order to exercise the initial option (to earn a 50-per-cent interest), the optionee must: (i) satisfy a predrilling expense payment of $150,000 (U.S.); and (ii) incur $8-million (U.S.) in expenditures on the property by Dec. 31, 2027. Following the exercise of the initial option, the company and the optionee will enter into a 50/50 joint venture (the JV) for the exploration and development of the property.

Further, the optionee may elect to earn an additional 30-per-cent interest in the JV (for a total of 80-per-cent interest) by incurring an additional $12-million (U.S.) in expenditures on the property by Dec. 31, 2030.

For further details, please refer to the company's news releases dated Sept. 16, 2025, Nov. 27, 2025, and Dec. 8, 2025.