Mr. Anthony Zelen reports

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

Rush Gold Corp. has released the results of 2025 surface rock geochemical sampling completed at its Legal Tender and Skylight properties. The Legal Tender and Skylight properties are five kilometres apart, and both are located approximately 60 kilometres northwest of Tonopah, Nev., within the Royston Hills Republic mining district, Nye county.

The 2025 phase 1 geologic reconnaissance was designed to advance known gold and silver rock showings and ground truth satellite-derived alteration anomalies (see the company's news release dated Dec. 16, 2025). Rock geochemical sample results summarized below include the highest-grade silver value returned to date at Legal Tender, in addition to expansion of the Skylight gold trend to 1.2 km.

Of the 94 rock grab samples collected within the Legal Tender (60) and Skylight (34) properties, a total of nine samples returned greater than 0.1 gram per tonne gold and up to 2.41 g/t Au (Legal Tender), in addition to nine samples greater than 20 g/t silver and up to 2,770 g/t Ag (81 ounces per ton at Legal Tender). Highlights of the recently completed surface rock sampling are as follows:

• Highest-grade silver assay returned to date at Legal Tender of 2,770 g/t Ag (81 ounces per ton), in addition to 292 g/t Ag and 105 g/t Ag, in addition to gold assays of one g/t Au and 2.41 g/t Au at the Hyland target;
• Current and historic rock sampling cements the Hyland target as the priority drill target within the Legal Tender property, with a combined 400-metre northwest-trending strike length, exhibiting laterally persistent vein system development exploited by numerous historic exploration pits and inclined shafts;
• Widespread anomalous gold and silver values were returned from the Skylight property over a 1.2-kilometre north-south trend, which included 0.23 g/t Au and 4.8 g/t Ag, 0.1 g/t Au and 3.8 g/t Ag, 0.19 g/t Au and 2.7 g/t Ag and 0.13 g/t Au;
• Gold-silver assays within the Skylight property are associated with elevated arsenic values and visible hydrothermal clay-kaolinite alteration, quartz veining and brecciated felsic rhyolite volcanic rocks, consistent with a high-level, low-sulphidation epithermal environment.

In addition, the company confirms that it has received the final WorldView-3 (WV-3) satellite alteration imagery processing report from PhotoSat. The company's technical team is currently integrating rock grab assays announced today with surface rock visible and short-wave infrared (VIS-SWIR) hyperspectral TerraSpec analysis and WV-3 satellite alteration imagery.

The result of this combined study is expected to expand existing gold-silver targets and identify new exploration opportunities for additional ground follow-up. A comprehensive review and integration of surface rock and satellite alteration targets are expected to be released in the coming weeks.

"With the release of the initial rock sample results, the company has advanced near-term drill targets on both the Skylight and Legal Tender properties," said Anthony Zelen, chief executive officer of Rush Gold. He continued: "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. We look forward now to turning attention to the drill permitting process and integrating additional results from the WV-3 alteration study."

Methodology and quality assurance/quality control

The analytical work reported on herein was performed by ALS Global of Kamloops, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of Rush and its qualified person, Kristopher Raffle. Rock samples were subject to crushing at a minimum of 70 per cent passing two millimetres, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. Base and precious metals were determined by four-acid-digestion 48-element ICP-MS geochemistry and overlimit values for silver (100 g/t) and zinc (greater than 10,000 g/t) were analyzed by four-acid-digestion ICP-AES or AAS. Gold and silver values returning greater than 1,500 g/t were analyzed by 30-gram fire assay with AAS or gravimetric finish.

Rock grab samples are selective by nature and as such are not necessarily representative of mineralization or grades across defined intervals. Continued exploration including, but not limited to, trenching and/or diamond drilling will be required to confirm the grade and continuity of mineralized zones. Rush has relied on the internal QA/QC measures of ALS, which include the insertion of standard, blank and duplicate samples into the sample stream to confirm the accuracy of the reported results. Rush detected no significant QA/QC issues during review of the data and is not aware of any sampling, or other factors that could materially affect the accuracy of the results.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, PGeo (British Columbia), principal and consultant of Apex Geoscience Ltd. of Edmonton, Alta., a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Raffle is a director of Rush and accordingly is not independent of the company. Mr. Raffle has verified the data disclosed herein, which included a review of the sampling, analytical and test methods underlying the data, information and opinions contained in this news release.

Non-brokered financing

The company is pleased to announce a non-brokered private placement of up to 20 million common shares at a price of 10 cents per share to raise proceeds of up to $2-million.

Proceeds from the offering are intended to be used for general working capital.

The issuance of securities in connection with this offering will be subject to Canadian Securities Exchange approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The company may elect to pay finders' fees to eligible finders in connection with applicable securities laws and CSE policies in connection with the offering. The offering may close in multiple tranches.

Correction to Feb. 26, 2026, news release

The company wishes to clarify and correct its news release dated Feb. 26, 2026, with respect to the vesting terms of the stock options granted to Momentum Public Relations Inc. The stock options issuable to Momentum PR will vest as to one-quarter every three months from the date of grant. All other terms of the Momentum PR agreement remain as previously disclosed.

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 in Nye county, Nevada, in the United States. Rush Gold also holds an option on the Legal Tender property, a historic silver-gold project located 62 kilometres northwest of Tonopah, Nev.

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