Rush Gold Corp. Samples 2,770 g/t Silver and 2.4 g/t Gold at Legal Tender, Extends Skylight Property Gold Trend to 1.2 Km and Announces Non-Brokered Financing

Executive Summary

• Rush Gold reports high‑grade surface rock geochemical results from its Legal Tender and Skylight properties, including a record 2,770 g/t Ag (81 oz/ton) assay.
• The data identify the Hyland target at Legal Tender as the priority drill target and extend a gold‑silver trend across 1.2 km at Skylight.
• The company announces a non‑brokered private placement of up to 20 million common shares at CAD 0.10 per share, seeking up to CAD 2 million in working capital.

Key Details

• Sampling Overview: 94 rock grab samples collected (Legal Tender = 60; Skylight = 34).
• Gold Assays: 9 samples > 0.1 g/t Au; highest at Legal Tender = 2.41 g/t Au (Hyland target).
• Silver Assays: 9 samples > 20 g/t Ag; highest at Legal Tender = 2,770 g/t Ag (81 oz/ton), plus notable assays of 292 g/t and 105 g/t Ag.
• Skylight Trend: Anomalous values over a 1.2 km N‑S trend: 0.23 g/t Au & 4.8 g/t Ag; 0.10–0.19 g/t Au with 2.7–5 g/t Ag.
• Geological Context: Skylight shows elevated arsenic, hydrothermal clay‑kaolinite alteration, quartz veining, and brecciated felsic rhyolite consistent with a high‑level low‑sulphidation epithermal system.
• Technical Integration: Final WorldView‑3 satellite alteration imagery received; rock assays being integrated with VIS‑SWIR hyperspectral TerraSpec® analysis for target expansion.
• Future Plans: Comprehensive review of surface rock and satellite data to be released in coming weeks; drill permitting process to commence soon.

Financing Details

• Offering Size: Up to 20 million common shares.
• Price per Share: CAD 0.10.
• Maximum Gross Proceeds: CAD 2,000,000.
• Use of Proceeds: General working capital.
• Regulatory Conditions: Subject to CSE approval; statutory hold period of four months plus one day; may close in multiple tranches; possible finder’s fee payable.

Correction Notice

• Updated vesting schedule for stock options granted to Momentum Public Relations Inc.: one‑quarter vests every three months from grant date (previous release misstated terms).

Notable Quotes

“At Legal Tender we have identified a laterally persistent high grade silver‑base metals vein system, which lends itself to potential delineation by surface drilling. At Skylight the assays demonstrate the presence of what the Company believes may be the upper reaches of a widespread gold‑primary hydrothermal system.” – Anthony Zelen, CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.