NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC - September 25, 2026 – Rush Gold Corp. (“Rush” or the “Company”) (CSE: RGN | OTCQB: RGNCF | FSE: B6H) is pleased to announce that, further to its news releases dated March 11, 2026, April 17, 2026, and June 30, 2026, it has closed the second tranche (the “ Second Tranche ”) of its previously announced non-brokered private placement (the “ Private Placement ”) of common shares (“ Shares ”) at a price of $0.10 per Share.
Private Placement
Pursuant to the Second Tranche, the Company issued 10,305,000 Shares for gross proceeds of $1,030,500. Together with the first tranche of the Private Placement which closed on April 17, 2026, pursuant to which the Company issued 6,120,000 Shares for gross proceeds of $612,000, the Company has now issued an aggregate of 16,425,000 Shares for aggregate gross proceeds of $1,642,500 under the Private Placement.
The Company intends to use the proceeds of the Second Tranche for exploration activities, potential new acquisitions, and for general working capital purposes.
As announced in the Company’s news release dated June 30, 2026, the Company is party to a corporate advisory agreement (the “ Advisory Agreement ”) dated June 29, 2026, with CPS Capital Group Pty Ltd. (“ CPS ”) pursuant to which it engaged CPS to co-ordinate and lead manage, on a best endeavours’ basis, the Second Tranche, in exchange for a combination of a management fee, a placement fee, a share-based commission, a work fee and a corporate finance fee. Under the terms of the Advisory Agreement, in connection with the Second Tranche, the Company paid CPS cash fees of $54,230 and issued CPS 3,504,300 Shares.
All securities issued pursuant to the Second Tranche and the Advisory Agreement are subject to a four-month hold period from issuance under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
None of the securities referenced herein have been or will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Rush Gold Corp.
Rush Gold is a Canadian mining exploration company focused on advancing its Skylight gold property, located in the Republic Mining District, Nye County, Nevada, in the USA. Rush Gold also holds an option on the Legal Tender property, a historic silver-gold project located 62 kilometers northwest of Tonopah, Nevada.
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Forward-Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements respecting the potential for delineation of mineralized zones by surface drilling; the Company’s belief regarding the nature of the hydrothermal system at Skylight; the expected outcomes of the combined satellite and rock sample study; the anticipated release of the comprehensive review and integration of surface rock and satellite alteration targets; the Company’s plans for drill permitting; the Company’s plans for its Skylight and Legal Tender properties; the Offering and the intended use of proceeds therefrom; and the vesting terms of the stock options issuable to Momentum PR. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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