Carolina Rush reschedules special meeting to Nov. 6

The most recent news release dated October 15, 2025, announces that Carolina Rush Corp. has rescheduled its special shareholder meeting to November 26, 2025, at 11 a.m. (Toronto time). The purpose of the meeting is to seek shareholder approval for the proposed earn-in to joint venture agreement with OceanaGold Corp., which was executed on September 15, 2025, concerning the Brewer gold-copper project in South Carolina. The rescheduling was necessitated by the Canada Post workers' nationwide strike, which has now ended. President and CEO Layton Croft expressed pleasure that mail delivery has resumed and anticipates commencing deep drilling in partnership with OceanaGold at the Brewer project upon securing shareholder approval.

This news is a routine positive development because it resolves an administrative delay for a previously announced material transaction. The earn-in and joint venture agreement with OceanaGold, announced on September 16, 2025, was a significant positive catalyst for Carolina Rush. In that agreement, OceanaGold committed to spending $8 million (U.S.) to earn a 50% interest by December 31, 2027, and an additional $12 million (U.S.) for another 30% (aggregate 80%) by December 31, 2030. This deal brings substantial funding and technical expertise from a mid-tier producer, significantly de-risking the Brewer project's exploration, especially for the deep porphyry targets identified through recent geophysical surveys.

The initial cancellation of the meeting due to the Canada Post strike was a temporary administrative setback (Routine - Neutral/Slightly Negative). The current news of rescheduling the meeting is positive as it indicates the company is moving forward with the critical shareholder approval process for the OceanaGold deal. Given Carolina Rush's precarious financial position (cash balance of $362,308 as of June 30, 2025, against current liabilities of $811,912), the OceanaGold funding is vital to avoid further dilutive financings for exploration. The CEO's statement reiterating plans for deep drilling with OceanaGold underscores the strategic importance of this partnership for advancing the Brewer project.

Carolina Rush Corp. (TSXV: RUSH, OTCQB: PUCCF), formerly Pancontinental Resources Corporation, is a United States-focused exploration company. Its flagship project is the Brewer Gold-Copper Project located in Chesterfield County, South Carolina, USA. Brewer is a past-producing gold mine that historically produced over 200,000 ounces of gold between 1820 and 1995.

The company's primary focus at Brewer is on delineating near-surface epithermal gold-copper mineralization and exploring for a deeper porphyry-style copper-gold system. Key recent developments include: * Tanyard Breccia Zone: A newly discovered near-surface gold-copper zone south of the historic Brewer mine, which has yielded high-grade intercepts, including 2.5 meters at 168.72 g/t Au (B23C-021, Feb 2024), representing the highest gold grades ever reported at Brewer. * Deep Porphyry Potential: Extensive geophysical surveys (MT and IP) and deep drilling (e.g., B24C-016x, Jan 2025) have identified large low-resistivity and high-chargeability zones, consistent with a buried intrusion and sulfide shell, strongly suggesting an underlying porphyry system. Elevated molybdenum (a porphyry pathfinder) in deep drill holes further supports this model. * Mineral Resource Estimate: A Maiden Mineral Resource Estimate (MRE) for Brewer was filed, effective May 2, 2025 (initially announced March 2025). It reported: * Indicated: 6.0 million tonnes at 1.04 g/t Au for 202,000 ounces of gold. * Inferred: 7.8 million tonnes at 0.84 g/t Au for 210,000 ounces of gold. * Backfill (Inferred): 11.9 million tonnes at 0.36 g/t Au for 139,000 ounces of gold. * Project Divestment: The company has strategically dropped its Sawyer and New Sawyer exploration projects in North Carolina to sharpen its focus on Brewer's deeper porphyry potential. * Royalties: The Brewer project is noted as royalty-free (from the February 21, 2024 news release regarding the option deal amendment), which is a significant advantage.