Mr. Duane Nelson reports

RZOLV TECHNOLOGIES COMPLETES NRC IRAP-SUPPORTED R&D PROJECT FOR NON-CYANIDE GOLD EXTRACTION TECHNOLOGY

Rzolv Technologies Inc.'s wholly owned operating subsidiary, Innovation Mining Inc., has completed its first research and development project supported by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Innovation Mining received advisory services and funding from NRC IRAP to support a research and development project focused on the company's proprietary Rzolv non-cyanide gold extraction technology. The completed work included bench-scale evaluation of electrochemical regeneration, reagent-management approaches and process-control conditions intended to inform future closed-loop testing and pilot-scale evaluation. The project generated internal technical information to support continued process development but did not include commercial-scale demonstration or a determination of commercial performance.

The company believes completion of the project has strengthened its internal technical capacity and provided additional bench-scale development information to support further evaluation of the Rzolv technology platform.

As a result of the project, the company has expanded its internal technical capabilities through the addition of two full-time employees to its laboratory team. The company believes this strengthened in-house capacity will support continued research and development, process optimization, and future scale-up activities.

The company acknowledges the support of NRC IRAP. Hanif Jafari, chief technology officer of Rzolv Technologies, commented: "The completion of this project was valuable for our team as it allowed the company to carry out focused bench-scale development work while also expanding our laboratory capabilities through the addition of two full-time technical employees. We are grateful to NRC IRAP for its support and for the guidance provided during the project. We look forward to building on this work through further technical evaluation and development of the Rzolv platform."

The company intends to continue development work through Innovation Mining, including further technical validation, process optimization, pilot-scale activities and strategic commercial engagement related to the Rzolv technology platform.

About NRC IRAP

The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) supports the growth of innovative Canadian small and medium-sized businesses by providing advisory services, connections, and financial assistance. NRC IRAP helps Canadian companies strengthen their technical and innovation capabilities, address business and technology challenges, and advance innovative products and services toward the marketplace.

About Rzolv Technologies Inc.

Rzolv Technologies is a clean technology company focused on the development and commercialization of alternatives to conventional cyanide-based gold extraction. Through its wholly owned operating subsidiary, Innovation Mining Inc., the company is advancing its proprietary Rzolv technology, a non-cyanide, water-based gold extraction technology under development, designed to reduce reliance on cyanide-based processing in applicable mining applications.

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