New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.63m market cap, or US$6.12m). Announcement • Jul 17
Carolina Rush Corporation Appoints Patrick Quigley as Vice President of Exploration, Effective 14 July 2026 Carolina Rush Corporation announced that Mr. Patrick Quigley has been appointed Vice President of Exploration of the Company effective 14 July 2026. Patrick is an exceptional economic geologist who has consistently performed at a high level since joining team in mid-2020. He was appointed Senior Geologist and Exploration Manager in January 2022, and serves as Qualified Person. Patrick's 18 years of professional experience spans the United States and parts of Latin America. His extensive knowledge of exploration opportunities in the southeastern U.S. includes unmatched expertise of Brewer's large, complex, and highly prospective gold-copper epithermal-porphyry system. Announcement • Jul 14
Carolina Rush Reports Final Results of Initial Brewer Porphyry Drill Program and Intersects Near-Mine Epithermal Gold-Copper Mineralization Carolina Rush Corporation reported results from Hole B26C-039, the third and final hole of the initial deep drill program at the Brewer Gold-Copper Project in South Carolina, USA, funded under the Company's earn-in agreement with OceanaGold Corporation. Hole 39 was drilled approximately 400 meters southeast of Hole 37 and collared just west of the former Brewer mine, intersecting significant gold-copper mineralization and demonstrating lateral continuity of the Brewer epithermal system in a previously untested area. Hole 39 completes the initial three-hole deep porphyry exploration drilling campaign at Brewer. In conjunction with Holes 37 and 38, results from Hole 39 support the geologic model of a shallow northwest dipping alteration system and strengthens the Company's interpretation that the core of the copper-gold porphyry system is located further west-northwest and remains untested by drilling. 51 meters grading 0.62 g/t gold and 0.22% copper from 214.0 meters, including 12 meters grading 1.04 g/t gold and 0.60% copper from 217.5 meters. Au-Cu mineralization encountered in Hole 39 represents a 50-meter step out from the nearest intercept used to calculate the current Mineral Resource Estimate. Mineralization remains open for expansion and demonstrates continuity of the broader Brewer hydrothermal system. The result highlights potential opportunities for future resource growth while complementing the Company's ongoing evaluation of deeper exploration targets. Hole 39 was designed to test the southern margin of a large low-resistivity anomaly that was initially targeted in Hole 37. The hole was collared just west of the former Brewer mine, which enabled it to also test the near surface breccia-hosted mineralization west of Brewer's current mineral resource. The hole intersected: Hole From (m) To (m) Interval (m) Au (g/t) Cu (%) B26C-039 214.0 265.15 51.15 0.62 0.22 Including 217.5 229.62 12.12 1.04 0.60. Reported intervals are downhole lengths. True widths have not yet been determined. Mineralization is hosted within a diatreme breccia and consists of gold and copper associated with sulfide-bearing hydrothermal alteration characteristic of the Brewer epithermal system. The primary copper bearing mineral identified in hole 39 is chalcocite. The intersection extended mineralization approximately 50 meters from the nearest drillhole (B23C-018) and demonstrates the potential for significant mineralization to extend beyond the limits of the existing Mineral Resource Estimate. Hole 39 was drilled to a total depth of 917m and confirmed that the low-resistivity anomaly below the former Brewer mine is not associated with an underlying intrusion. The Brewer Project currently hosts a NI 43-101 Mineral Resource Estimate comprising 192,000 ounces of gold and 16.7 million pounds of copper in the indicated category; 210,000 ounces of gold and 8.3 million pounds of copper in the inferred category; and an additional 129,000 ounces of gold and 9.7 million pounds of copper contained within historical backfill material classified as inferred. The Mineral Resource Estimate is supported by a technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate - Brewer Project", with an effective date of March 20, 2025. Hole 39 intersected gold-copper mineralization 50 meters beyond the nearest drill hole that was used in the 2025 resource estimate and confirms that mineralization remains open for expansion. While Hole 39 was not designed as a resource delineation hole, the intersection confirms that significant gold-copper mineralization occurs beyond the boundaries of the current Mineral Resource Estimate and identifies areas for future follow-up drilling. Hole 39 marks the completion of the initial three-hole deep drilling campaign conducted under the OceanaGold earn-in agreement. Collectively, several important conclusions can be made from the recently completed program: Hole 37 identified an extensive deep hydrothermal system characterized by widespread alteration, porphyry-style veining and chalcopyrite-bearing copper mineralization; Hole 38 confirmed the presence of porphyry-related copper-gold mineralization below Brewer's lithocap within a newly recognized chlorite alteration zone with remnant biotite and A-type quartz veins, strengthening vectors toward a porphyry copper-gold source; Hole 39 intersected significant gold-copper mineralization outside the current resource footprint, demonstrating that mineralization remains open beyond the current resource limits and warrants further evaluation. The Company will now integrate all geological, structural, geochemical, and alteration data from the recent program, which will inform prioritization of drill targets for a potential follow-up program. Any follow-up exploration will be conducted subject to OceanaGold's earn-in funding commitment and the Company's ongoing evaluation of Brewer's broader exploration model. The Company's 2026 exploration diamond core drilling was HQ and/or NQ size. The core was logged and marked for sampling and assaying by geologists contracted by Rush. Samples, typically 2 meters in length, were sawn in half using a diamond core saw and one-half of the core was placed in sample bags and tagged with unique sample numbers, while the remaining half was kept in the core box for reference. Each bagged core sample was shipped to ALS Laboratory in Reno, NV where it was dried, crushed and pulverized to >80% passing -200 mesh. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold are analyzed by fire assay with a gravimetric finish (method Au-GRA21). Multielement analyses were analyzed with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0% copper are reanalyzed using method Cu-OG62. ALS Minerals is accredited in accordance with International Standard ISO/IEC 17025:2017 and also inserts its own certified reference materials plus blanks and duplicates. Strict sampling and QA/QC protocols are followed, and assay integrity is monitored internally with a quality control program including the insertion of standards and blanks every 10th sample within the sample stream. Assay results are reviewed, and discrepancies are investigated prior to incorporation into the Company's database. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc, CPG-12116, the Company's Senior Geologist and Exploration Manager and a Qualified Person as defined by NI 43-101. 
