Mr. Duane Nelson reports

RZOLV TECHNOLOGIES APPOINTS MARY ELLEN THORBURN TO THE BOARD OF DIRECTORS; ANNOUNCES THE RETIREMENT OF DARRYL YEA

Rzolv Technologies Inc. has appointed Mary Ellen Thorburn to the company's board of directors, effective Dec. 15, 2025.

"On behalf of the board of directors, I am pleased to welcome Mary Ellen to the Rzolv team," said Duane Nelson, president and chief executive officer. "Her wealth of financial, operational and global mining experience will be a valuable input as we advance toward commercialization and accelerate the company's next phase of growth."

In addition, Darryl Yea has announced his retirement from the board, effective Dec. 31, 2025. Following his retirement, Mr. Yea will continue to support the company in a continuing capacity as a member of Rzolv's advisory committee. As a strategic adviser, he will continue to contribute his insight and leadership to help guide the company's global commercialization initiatives.

Mary Ellen Thorburn, director

Ms. Thorburn is an accomplished corporate finance executive and board director with more than two decades of leadership experience across the mining sector, capital markets and international financial operations. She is both a chartered professional accountant and a chartered financial analyst, recognized for her expertise in steering public companies through large-scale transactions, global expansions, financial restructurings and investor-facing growth strategies.

She spent seven years with Barrick Gold Corp., one of the world's largest gold producers, where she held three progressively senior leadership roles. Most notably, she served as director of capital projects, overseeing financial governance, capital allocation frameworks and strategic evaluation processes across Barrick's global project pipeline -- solidifying her reputation for disciplined financial stewardship in complex mining environments.

Beyond Barrick, she has held several senior executive roles, including chief financial officer, Eco Oro Minerals, vice-president, finance, Great Panther Silver, interim chief financial officer, Nexii Building Solutions, where she oversaw finance, tax, financial planning and analysis, information technology, and cross-border integration initiatives.

She currently serves on multiple boards, including Madoro Metals Corp., where she is audit committee chair, and the Justice Institute of British Columbia, where she serves as chair of the finance and audit committee.

Ms. Thorburn holds a bachelor of business administration from Wilfrid Laurier University.

About Rzolv Technologies Inc.

Rzolv is a cleantech company developing innovative, non-toxic solutions that aim to transform gold extraction and mine-site remediation. The company's flagship product, Rzolv, is a proprietary water-based hydrometallurgical formula that provides a sustainable, safe alternative to sodium cyanide for the dissolution and recovery of gold.

Cyanide has been the industry standard for more than a century, yet its toxicity has resulted in bans or restrictions across multiple jurisdictions, along with significant permitting, handling, and environmental, social and governance challenges for mining companies. Rzolv delivers comparable performance and cost metrics with cyanide while offering a non-toxic, reusable and environmentally sustainable profile, enabling gold extraction in regions, ore types and project settings where cyanide use is impractical, prohibited or socially unacceptable.

We seek Safe Harbor.