RUA GOLD Provides an Update on the Reefton Drilling Program and the next phase of drill targets

RUA GOLD Corporation (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand .

Preliminary results confirm the Pactolus system extends south for 550 meters along strike and is well mineralized on surface.
The Company is analyzing the results to better understand the plunge and tenor of the ore shoots at this early stage of exploration.
The Company has developed multiple new high-grade targets at past producing mines in the Murray Creek area for drill testing in Q2/2024.

Pactolus

Recall that Pactolus is a new, surface Greenfields discovery made by RUA GOLD in 2021. Pactolus has returned assays for three of six holes drilled on the system, highlighting:
- DD_PAC_035 intersecting 2 meters @ 5.13g/t Au
- DD_PAC_036 intersecting 2 meters @ 3.61g/t Au .
These results compliment the surface trenching across outcropping mineralization:
- 5m @ 12.2 g/t Au (including 1m @ 17.1 g/t Au) and
- 4m @ 6.9 g/t Au (including 1m @ 16.1 g/t Au).
Further work is needed to model the geometry of this zone to warrant additional drilling in this area. As a result, the company expects to refocus on the past-producing areas in Reefton in the near term.

RUA GOLD's forthcoming near-mine drilling program

RUA GOLD plans to commence with 5 targets in the Murray Creek area as the first step in a comprehensive drilling campaign that will test targets in Murray Creek, Crushington, Capleston and Caledonian historic districts. These historic mines collectively produced ~700 koz at 25.2 g/t within a radius of ~20 kilometers. Three of the targets are highlighted:

Murray Creek Target 1: Down-dip extension of mine shoot:

Records show mining stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, g/t Au , including some striking visible gold (Figure 3). Trenching of the lode on surface includes 3m @ 31.7 g/t Au incl. 2m @ 47.1 g/t Au .

Murray Creek Target 2: Near mine structural offset:

Targeting potential offset of Inglewood Mine group to the east, rock chips include 35.1, 34.5, and 27.8 g/t Au.

Murray Creek Target 3: Down-dip extension of mine shoot :

Records show mining ceased at 200 meters, yet this was the largest deposit in the Inglewood group.

Robert Eckford , CEO commented: "We are pleased to see consistent mineralization in the drilling from the Pactolus vein and see the potential for exciting new opportunities developing from the historic mine drill targets in the forthcoming near-mine program. Our team will continue drilling RUA GOLD's Reefton properties as our 2,500 meter drill program for 2024 rolls out. With the exceptional geology of the Reefton project and the highly experienced operating team on the ground, I am excited by the potential in this historic but under-explored high grade orogenic gold district".

More information can be found at the Company's website: www.ruagold.com .

Pactolus Summary

The recent 6-hole drill program (DD_PAC_035-040) has tested under the three trenches along the north-south trend of system. Trenching results over four outcrops at Pactolus illustrated in Figure 2 returned the following:

7m @ 13.75 g/t Au (including 1m @ 34.6 g/t Au, 1m @32 g/t Au) *
5m @ 8.1 g/t Au (including 1m @ 14.9 g/t Au)
5m @ 12.2 g/t Au (including 1m @ 17.1 g/t Au)
4m @ 6.9 g/t Au (including 1m @ 16.1 g/t Au)
*(Reported NI 43 101: Technical Report on the Reefton Project, New Zealand )

Four of the six drill holes intersected the targeted mineralized structure. Initial assay results for DD_PAC_35, 36, and 37 returned:

Table 1: Significant intercepts for 2024 drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From (m)	To (m)	Interval (m)	Au (ppm)	Including
DD_PAC_035	71	73	2	5.13	1m @ 8.44 g/t Au
DD_PAC_036	60	62	2	3.61	1m @ 4.92 g/t Au

DD_PAC_037 returned no significant intercepts.

Preliminary results and observations confirm the Pactolus system extends south for 550m and is well mineralized on surface, but determining the plunge and tenor of the ore shoots is proving challenging. A further update is anticipated when results from the remaining drill holes are received in 4-6 weeks.

Table 2: Significant intercepts for Pactolus drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)
DD_PAC_001	132.5	135	2.5	4.75*
DD_PAC_002	133	138	5	6.52*
DD_PAC_004	183	195	12	9.72*
DD_PAC_005	218	223	5	2.24*
DD_PAC_005	256	260	4	3.95*
DD_PAC_007	214	227	13	1.62*
DD_PAC_009	219	221	2	4.40*
DD_PAC_010	221	225	4	2.69*
DD_PAC_015	76	81	5	3.13*
DD_PAC_018	58	60	2	3.11*
DD_PAC_022	54	56	2	8.20*
DD_PAC_025	33	35	2	3.53*
DD_PAC_035	71	73	2	5.13
DD_PAC_036	60	62	2	3.61

Overview of the Reefton Region

The Reefton Goldfields presents as a classic orogenic style gold deposit, with historic mining recovering high-grade gold in plunging gold bearing quartz reefs. RUA GOLD's systematic exploration has highlighted the potential for the rejuvenation of this district in renewed opportunities in the vicinity of historic high-grade gold deposits.

Historic Mine Evaluation, Proposed Drilling

RUA GOLD has completed a comprehensive evaluation of the historic mines on the Company's tenements in the Reefton Goldfield which produced ~700 koz at 25.2 g/t (see Appendix 2). 3D computer modelling of the geology, structure, and historical mine lodes, was completed as a precursor to drill testing of priority targets. Likely targets include testing down-dip and potential duplicate structures in the vicinity of the historic mines.

RUA GOLD plans to commence with 5 targets in the Murray Creek area as follows.

Murray Creek Target 1: Down-dip extension of mine shoot

Records show Inglewood mine stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, 30.3, g/t Au, including some striking visible gold (see insert). Soil samples are up to 113 ppb Au. Trenching of the lode on surface includes:

MC_C03 3m @ 31.7 g/t Au (including 2m @ 47.1g/t Au )
MC_C04 12m @ 6.4 g/t Au (including 1m @ 63.9 g/t Au)

Murray Creek Target 2: Near mine structural offset

Targeting potential offset of Inglewood Mine group to the east, illustrated in ultra-detail magnetic data, coinciding with Au-As soil anomaly and mapped quartz veins. Rock chips along the jog include 35.1, 34.5, and 27.8 g/t Au from brecciated, highly sulfidic quartz samples. Soil geochemistry (max 172ppb gold) envelopes gold anomalism over the target area.
Trenching in the vicinity of the structural offset included:

MCCRAE05 3m @ 1.7 g/t Au
MC_C06 2m @ 2.9 g/t Au

Murray Creek Target 3: Down-dip extension of mine shoot

Records show mining ceased at 200m yet this was the largest lode in the Inglewood group. Historical records describe the ore directly associated with a dolerite dyke. Accurate mapping of the dyke (UAV magnetics) and 3D structural mapping show significant potential for continuation at depth.

Murray Creek Target 4: 250m north extensions of historic workings

RUA GOLD's mapping has delineated quartz and pug faulting along a syncline hinge that coincides with the north striking Perseverance historical workings. Rock samples returned 11-16.4 g/t Au, soil geochemical samples up to 195ppb Au envelope a north trending zone paralleling the Ajax-Golden Fleece historical mines.

Ajax Target 1: Potential jog/structural complexity

A jog in the magnetic and strong structural complexity show there may be an offset between the Golden Fleece mine group and Venus, very prominent soil gold geochemistry highlights surface expression of this target.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 875,476 deferred share units (" DSUs ") to the directors of the Company at a deemed price of $0.175 per DSU. The DSUs were granted in consideration for services provided by the directors for February 28 to March 31 , 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on April 17 , 2024. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

About RUA GOLD

RUA GOLD (RUA.CSE) is a new entrant to the mining industry, specializing in gold exploration and discovery in New Zealand . With permits that have a rich history dating back to the gold rush in the late 1800's, RUA GOLD combines traditional prospecting practices with modern technologies to uncover and capitalize on valuable gold deposits.

The Company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The Company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. RUA GOLD has a highly skilled team of New Zealand professionals who possess extensive knowledge and experience in geology, geochemistry, and geophysical exploration technology.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca .

Technical Information

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed, including sampling, analytical, and test data underlying the information in the technical disclosure herein.

QAQC Soil Samples

A bulk sample of ~0.5–1 kg was collected in the field and taken back to RGL's office for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to

A 50–100-g fine-sieved ( Brisbane for Au-TL43 analysis. The analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1 ppb. Approximately 5% of the samples were analyzed for a full multi-element suite using a 4-acid digest and ICP-MS finish.

ALS Brisbane is independent to RUA GOLD .

QAQC Drilling

The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.

Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton.

Pulverized drill core samples were analyzed by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505). The detection limit for Au by this method is 0.01 ppm. As part of SGS' internal quality control, SGS conducted repeat analyses, also at a rate of ~5%.

Thirteen 3-g samples were also analyzed by screen fire assay (FAS30K) at SGS Waihi to establish the presence of nuggetty Au. Samples were screened to 75 µm.

Website: www.RUAGOLD.com

Cautionary Note Regarding Forward Looking Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects; and the Company's expected receipt of permits or other regulatory approvals. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia - Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's CSE Form 2A – Listing Statement filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Appendix 1: Full list of significant intercepts from the Pactolus drilling program.

Table 3: Significant intercepts for Pactolus program, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From	To	Interval	Au (ppm)
DD_PAC_001	132.5	135	2.5	4.75
DD_PAC_002	133	138	5	6.52
DD_PAC_004	183	195	12	9.72
DD_PAC_005	218	223	5	2.24
DD_PAC_005	256	260	4	3.95
DD_PAC_007	214	227	13	1.62
DD_PAC_007	244	246	2	1.71
DD_PAC_009	219	221	2	4.40
DD_PAC_010	221	225	4	2.69
DD_PAC_015	76	81	5	3.13
DD_PAC_016	41	43	2	2.77
DD_PAC_018	43	46	3	2.75
DD_PAC_018	58	60	2	3.11
DD_PAC_022	54	56	2	8.20
DD_PAC_025	33	35	2	3.53
DD_PAC_035	71	73	2	5.13
DD_PAC_036	60	62	2	3.61

(Up to DD_PAC_025 reported in NI 43 101: Technical Report on the Reefton Project, New Zealand )

Appendix 2: Historic production from mining in the Reefton Goldfields.

*Table* 4 *: Historical production from mines within the Reefton Project (Barry, 1993).*
Shear Group	Mine Lode	Total Production (Au oz)	Recovered Grade (g/t)
Italian Gully	Golden Arch-Italian Gully-Tripoli	1,093.1	31.8
Capleston	Welcome-Hopeful	88,620.3	61.4
	Fiery Cross	27,955.1	34.8
	Just in Time	17,171.7	38.8
	Reform-Imperial-South Hopeful	1,070.6	19.6
	Lone Star	1,09.3	13.9
Murray Creek	Inglewood-North Star, Phoenix, Victoria	33,877.2	19.9
	Golden Treasure-Comstock	5,697.1	18.5
	Band of Hope	25.7	2.0
	Perseverance	19.3	10.4
	Westland	61.1	23.4
Ajax	Golden Fleece - Ajax Royal	89,629.9	20.4
Ajax	Venus	7,041.0	19.8
Crushington	Dauntless, Energetic-Wealth of Nations-Eclipse-Independent-Vulcan	208,970.2	14.2
	Heather Bell	9.6	4.9
	Golden Ledge	1,138.1	9.2
	Keep-it-Dark	182,597.0	17.0
	Hercules-Nil Desperandum	6,809.5	16.5
	No. 2 South Keep it Dark - Pandora	6,687.4	21.5
Specimen Hill	Specimen Hill	1,205.7	16.3
	Pactolus	498.3	141.3
	Lady of the Lake	3.2	9.8
	Argus	90.0	33.6
Larry Creek	Caledonian	1,160.6	25.3
	Larry's No. 1
	No. 2 South Larry's	4,128.2	16.8
Kirwans Hill	Newhaven, Earl Brassey, Mark Twain, Lord Brassey	11,011.6	15.2

Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield.

Appendix 3: Locations and information on drill holes and trenches at Pactolus.

Table 5: Drill hole locations and hole details. Coordinates in NZTM2000; DD: Diamond drill hole, TR: Trench.

Hole ID	Easting	Northing	Depth	Azimuth	Dip
DD_PAC_001	1512924	5341019	224	257	-50
DD_PAC_002	1512924	5341019	204.4	280	-45
DD_PAC_003	1512924	5341019	305.4	279	-71
DD_PAC_004	1512924	5341019	225	213	-52
DD_PAC_005	1512925	5341019	305.6	213	-70
DD_PAC_006	1512924	5341020	189.7	304	-42
DD_PAC_007	1512924	5341020	299	201	-43
DD_PAC_007A	1512924	5341020	37.5	202	-42
DD_PAC_008	1513028	5340787	312.3	297	-42
DD_PAC_009	1513028	5340787	284.6	268	-50
DD_PAC_010	1513028	5340787	330.2	230	-60
DD_PAC_011	1512924	5341019	178.95	224	-41
DD_PAC_014	1512867	5340988	44.95	250	-60
DD_PAC_015	1512867	5340988	89	250	-70
DD_PAC_016	1512867	5340988	63.7	250	-45
DD_PAC_017	1512863	5340958	75.6	250	-45
DD_PAC_018	1512863	5340958	81.9	250	-60
DD_PAC_019	1512863	5340958	92.3	250	-70
DD_PAC_020	1512878	5340924	96.7	250	-55
DD_PAC_021	1512878	5340924	100	250	-70
DD_PAC_022	1512833	5341082	87.3	250	-55
DD_PAC_023	1512833	5341082	107.7	250	-70
DD_PAC_024	1512833	5341082	85.9	250	-45
DD_PAC_025	1512843	5341036	91.2	250	-55
DD_PAC_026	1512843	5341036	106.3	250	-70
TR_PAC_001	1512827	5340994	7	358	0
TR_PAC_004	1512826	5340896	4	5	0
TR_PAC_005	1512827	5340896	5	5	0
TR_PAC_006	1512820	5340859	5	5	0
TR_PAC_008	1512831	5340552	5	5	0
DD_PAC_035	1512893	5340880	118.5	264	-47
DD_PAC_036	1512893	5340880	191.8	292	-57
DD_PAC_037	1512893	5340880	254.1	219	-65
DD_PAC_038	1512871	5340729	115	265	-65
DD_PAC_039	1512871	5340729	138.1	338.9	-57.5
DD_PAC_040	1512887	5340639	154.1	225	-55

SOURCE Rua Gold Inc.

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Rua Gold Com RUA:CNX CSE:RUA Precious Metals Investing

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RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent and on behalf of a syndicate of agents to be formed (collectively, the " Agents "), pursuant to which the Agents have agreed to act as agents on a "best efforts" basis, in connection with the public offering of 44,445,000 common shares in the capital of the Company (each, a " Common Share ") at a price of C$0.18 per Common Share (the " Offering Price ") for aggregate gross proceeds of C$8,000,100 (the " Offering "). The Offering is expected to close on or about July 25, 2024 (the " Closing Date "), or such other date as agreed upon between the Company and the Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

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Clarification: Historical Mineral Resource Estimate at Reefton

Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") provides a clarification in relation to its news release of July 15, 2024 (" Rua Gold to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer ").

Previously, the Company disclosed that "the tenements owned by [Reefton Resources Pty Limited] hosts a total JORC-compliant inferred mineral resource estimate (at a 1.5 g/t Au cut-off grade) containing 444koz Au @ 3.81g/t Au and 8.7kt Sb @ 1.5% Sb". The Company wishes to clarify that the tenements presently owned by Reefton Resources Pty Limited ("Reefton Resources") do not contain a current mineral resource estimate. The Company intended to disclose the aforementioned "inferred mineral resource estimate" as a "historical estimate" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). As a result, the Company also wishes to provide additional information and cautionary language required by NI 43-101.

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Element79 Gold Corp Provides Update on Chachas Community Charter and Revenue Generation, M&A Activities

(TheNewswire)

Vancouver, BC June 25, 2024 Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0), Hereinafter ("Element 79 Gold", the "Company") a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects, is excited to provide the following updates about the social and business engagement in Chachas as well as highlight additional revenue-generating business underway.

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PROSPECT RIDGE ANNOUNCES FINAL CLOSING OF ITS OVERSUBSCRIBED PRIVATE PLACEMENT

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce that it has closed the final tranche of its non-brokered private placement of $0.16 units (" NFT Units ") and $0.18 flow-through units (" FT Units ") announced May 29, 2024 and June 14, 2024 respectively, (see news releases for details). The final tranche consists of 2,912,500 NFT Units for gross proceeds of $466,000 plus an additional 7,717,441 FT Units for gross proceeds of $1,389,139.38 .

In total, the Company has raised aggregate gross proceeds of $5,218,847.24 , comprised of $2,860,520 in NFT Units plus an additional $2,358,327.24 in FT Units.

CEO Mike Iverson commented, "We are incredibly grateful to everyone who has supported us during this financing round. Your trust and confidence in Prospect Ridge Resources is deeply appreciated. We look forward to delivering on our promises and working diligently to create value for all our shareholders. Your belief in our vision fuels our commitment to achieving significant results during our upcoming drill program."

In connection with the final tranche, the Company paid aggregate finder fees of $100,801.38 in cash, 73,062 finder warrants having the same terms as the NFT Unit warrants (exercisable at $0.25 ) and 495,063 finder warrants having the same terms as the FT Unit warrants (exercisable at $0.30 ). All securities issued in the final tranche are subject to a statutory hold period expiring on November 25, 2024 . The final tranche and associated finder fees are subject to final Exchange acceptance.

Insiders of the Company purchased an aggregate of 312,500 NFT Units ($50,000) and 27,777 FT Units ($4,999.86) , representing approximately 10.7% and 0.36%, respectively, of the NFT Units and FT Units issued in the final tranche. The common shares so acquired by insiders represent approximately 0.41% of the issued and outstanding common shares upon closing, and together with the common shares issuable on exercise of the warrants so acquired by insiders would constitute an aggregate number of common shares representing approximately 0.61% of the then issued and outstanding shares as of closing.

The participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the transaction exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101, and/or on the basis that no securities of the Company are listed or quoted on a stock exchange as specified in MI 61-101.

Use of Proceeds of the Offering

The gross proceeds of the NFT Placement will be used to fund exploration expenditures on the Knauss Creek Property and Holy Grail Property (the " Properties "), corporate development and general working capital, while the gross proceeds of the FT Placement will be used to fund exploration expenditures on the Properties and other Canadian Exploration Expenses that will qualify as "flow-through mining expenditures" as defined in subsection 127(9) of the Income Tax Act ( Canada ), and "BC flow-through mining expenditures", as defined in the Income Tax Act ( British Columbia ).

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge's management and technical team cumulate over 100 years of mineral exploration experience and believes the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as " intends " or " anticipates" , or variations of such words and phrases or statements that certain actions, events or results " may", " could ", " should ", " would " or " occur " . This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company's use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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SOURCE Prospect Ridge Resources Corp.

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Silver Crown Royalties Goes Public on Cboe Canada

Cboe Canada Inc. ("Cboe Canada") is excited to announce the public markets debut of Silver Crown Royalties Inc. ("Silver Crown" or "SCRI"), a revenue-generating silver-only royalty company headquartered in Toronto. The company is now trading on Cboe Canada under the symbol SCRI .

Silver Crown unlocks previously unrecognized value by offering existing mining companies an up-front payment in exchange for the rights to revenues generated from the byproduct silver they mine. Silver Crown currently receives royalties from two mines, with another projected to begin producing revenues for Silver Crown in 2025, pending successful closing of the definitive agreement.

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Horizon Minerals Limited Group Mineral Resources Statement

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an updated Mineral Resource Statement for the Company's gold projects located near Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1*). In addition, following the merger with Greenstone Resources, the Company has also added the Burbanks, Phillips Find and 50% owned Mt Thirsty projects to the Company's resources.

Following the successful completion of the merger between Horizon Minerals Limited and Greenstone Resources Limited (formerly ASX-GSR), additional resource model work and reviews, the Company is pleased to provide a consolidated statement of group Mineral Resources as of 30 June 2024.

HIGHLIGHTS

- Mineral Resources currently stand at:

o 1.8Moz gold
o 20.2Moz silver, 104kt zinc
o 283kt nickel, 40.5kt cobalt and 296.2kt manganese (50% owned)

- Mineral Resources are underpinned by the large cornerstone Boorara and Burbanks assets

- Updated Mineral Resource Estimates (MRE) include a maiden MRE for Pinner, an update for Monument and a revision for Boorara which is currently under an Ore Reserve Study (ORS) from AMC Consultants

- Changes to the gold MREs include:

o Addition of 297,650oz from Burbanks open pit
o Addition of 167,920oz from Burbanks underground
o Addition of 13,000oz from Pinner
o Addition of 3,000oz from Monument, and
o Reduction of 20,240oz from Boorara

- Large Mineral Resource base and ongoing studies pave the way for a development profile aiming at sustained gold production and continuous cashflows

Commenting on the Group MRE upgrade, Managing Director and CEO Mr Grant Haywood said:

"It is very pleasing to have the Burbanks and Phillips Find assets under single ownership with Horizon's complementary and extensive project base. Together this provides 1.8 million ounce gold portfolio, which is a great platform to implement our near term strategy of cashflow from operations and further growth into the medium and long term".

The gold MREs include an updated Monument MRE and a maiden MRE for Pinner, both part of the larger Cannon project area, and a review of the cornerstone Boorara project. A summary of the revised MREs are as follows:

- Monument 740,000t grading 1.18g/t Au for 28,000oz at a 0.5g/t Au cut-off grade

- Pinner 330,000t grading 1.21g/t Au for 12,844oz at a 0.5g/t Au cut-off grade

- Boorara 10.53Mt grading at 1.27g/t Au for 428,000oz at a 0.5g/t Au cut-off grade

Cannon, Monument and Pinner Project Overview

The Cannon deposit (Figure 1*) is located 30 km east-southeast of Kalgoorlie in the Eastern Goldfields region of Western Australia on granted mining leases M25/333 and M25/357. The Cannon mine and surrounding area is dominated by mafic to ultramafic rocks of the Bulong Complex overlain by a sequence of felsic volcanics, volcaniclastics and sediments. Lithologies present include komatiitic mafics and ultramafics, peridotites, basalts and gabbros. Sedimentary rocks include shales and cherts with rare, banded iron formation. The geological structure is complex and dominated by the Cannon shear which is recognised as a key ingredient for local gold and possibly nickel sulphide mineralisation.

The gold mineralisation at the adjacent Pinner deposit is similar to Cannon and consists small pods of semi-continuous mineralisation with three dominant directions that highlight the structural complexity observed at Pinner. The dominant lodes trend SW/NE, N/S, and E/W with cross cutting faults influencing the geometry.

Gold mineralisation within the Monument deposit consists of two main zones oriented NNW and NW, dipping steeply to the west. There is some indication of faulting through the centre of the mineralised area.

Boorara Overview

The Boorara Gold Project is located 15 km east of Kalgoorlie-Boulder (Figure 1*) adjacent to the Super Pit, and 1 km southwest of the Nimbus Silver-Zinc Project site where established offices are connected to mains power and existing water supplies.

The deposit is hosted in a quartz dolerite comprising a sheeted quartz vein array system with bounding shear zones and late-stage cross faults. Mineralisation occurs as northwest dipping sheeted and stockwork quartz-carbonate vein arrays within the quartz dolerite host rocks, and steeply dipping zones along sheared geological contacts trending to the north-northwest.

*To view tables and figures with updated mineral estimates, please visit:
https://abnnewswire.net/lnk/181JSBZ2

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Rio Silver Completes Agreement with Local Community at Jorimina Project, Peru

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased to announce it has finalized a surface access agreement ("the Agreement") with the local Community for a period of one year at the Company's Jorimina Project, an advanced goldsilver project near the city of Ayachucho in south central Peru.

A recently completed Environmental Impact Study and community workshops aided by the President and Council of the local community, represent the final steps of the drill permitting application process and allow for the initiation of activities at this highly prospective, bulk tonnage gold and silver target located at the Company's wholly owned, Jorimina, Gold / Silver Project.

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Galloper Gold Retains MarketSmart Communications for Investor Relations

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) ("Galloper Gold" or the "Company") announces it has entered into an agreement with MarketSmart Communications Inc. ("MarketSmart") pursuant to which MarketSmart will provide investor relations (IR) services to Galloper Gold for an initial term of 12 months

Adrian Sydenham, President of MarketSmart, stated: "We are excited to assist Galloper Gold as this newly-listed company pursues an attractive opportunity in Newfoundland surrounding an historic gold deposit. Galloper Gold is well-funded and has a modest valuation as it approaches 2024 exploration at its flagship Glover Island Project. As the company achieves each milestone set before it, MarketSmart looks forward to keeping shareholders informed while broadening the investor audience for BOOM."

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	________________________________________________________
	¹ Source: "Alexander River Mineral Resource Estimate Report" dated April 2023 and prepared by Christopher Grove, B App Sci, MAusIMM, principal geologist, and Matt Binks, senior geologist, of Measured Group Pty Ltd. Assumptions from source: The resource has been estimated based on an assumption of mechanised underground mining for the Alexander River deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate.
	² Additional assumptions, parameters, and methods used to prepare the historical estimate, as identified by Mr. Simon Henderson: Geological wireframing in Leapfrog Geo; hard boundary compositing using Leapfrog – Edge Module (Leapfrog Edge); Variography and Ordinary Kriging using Leapfrog Edge; Block Model Estimation using Leapfrog Edge. The historical mineral resources are reported according to the terminology, definitions and guidelines given in the JORC Code (as defined herein).
	³ Source: "Mineral Resource Estimate Report – Big River Gold Project" dated June 2023 and authored by Mark McCulloch, BSc, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Big River deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate. See also note 2.
	⁴ Source: "Mineral Resource Estimate Report – Supreme Gold Project" dated June 2023 and authored by Mark McCulloch, BSc, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Supreme deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate. See also note 2.
	⁵ Source: "Mineral Resource Estimate Report – Auld Creek Project" dated October 2023 and authored by Mark McCulloch, BSC, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Fraternal deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the MRE. See also note 2.

RUA GOLD Provides an Update on the Reefton Drilling Program and the next phase of drill targets

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