Rumble Resources Announces Permit Application Submitted for the Wilmac Copper-Gold Project in Southeastern British Columbia

Executive Summary

• Rumble Resources submitted a Notice of Work (NOW) Permit Application for an IP/AMT geophysical survey on its Wilmac Copper-Gold Property in British Columbia, with completion expected in fall 2025.
• The company terminated the option agreement for the Woodruff Creek property to focus resources on the Wilmac Project.
• A forward stock split of 2-for-1 is being undertaken to increase liquidity, subject to CSE approval, with a record date of August 26, 2025.

Key Details

• Wilmac Project Survey:

  • Activity: Induced Polarization / Audio Magnetotelluric (IP/AMT) ground geophysical survey.
  • Location: Centered on three previously excavated trenches comprising the WILMAC MINFILE occurrence (092HSE042).
  • Survey Specs: Six east-west lines, 1.4 to 3 km in length, spaced 300 metres apart.
  • Timeline: NOW Permit Application submitted; expected "No Permit Required" authorization; survey completion targeted for fall 2025.
  • Geology: Trenches expose predominantly coarse-grained to pegmatitic hornblendite with epidote alteration and chalcopyrite mineralization.
  • Historical Sampling (2023-2024): Nine grab samples taken from trench exposures and excavated material.
  • Assay Results: Copper grades ranged from 200 ppm to >1%. Specific high values included 1.235% and 1.670% Cu. Average of nine samples was 6,390 ppm (0.639% Cu).
  • Additional Coverage: Survey will also cover two small exposures of diorite and/or ultramafic rock on Lamont Ridge Forest Service Road.
  • Interest: Company is earning up to a 70% interest, subject to a 2% net smelter return royalty.

• Woodruff Creek Option:

  • Action: Option agreement terminated due to inability to renegotiate terms to the company's satisfaction.
  • Strategy: Rumble will focus exploration efforts exclusively on the Wilmac Project.

• Share Split:

  • Structure: Forward split of 2 new Common Shares for 1 old Common Share.
  • Record Date: August 26, 2025.
  • Current Shares: 17,427,000 Common Shares issued and outstanding.
  • Post-Split Shares: Approximately 34,854,000 Common Shares outstanding.
  • Purpose: To increase liquidity and marketability of the Common Shares.
  • Mechanics: Conducted on a "push-out" basis; CUSIP and trading symbol remain unchanged.
  • Adjustments: Outstanding stock options and share purchase warrants will be adjusted by the split ratio, and respective exercise prices will be adjusted accordingly.
  • Status: Subject to approval of the Canadian Securities Exchange (CSE).

Notable Quotes

• "The Company further announces that it has been unable to renegotiate the option agreement terms with respect to the Woodruff Creek property to its satisfaction and has decided to terminate the option. Rumble will focus its efforts on the exploration of the Wilmac Project."