Carolina Rush Corporation · TSXV:RUSH
Carolina Rush — Investor Presentation (October 2026)
36 slides from Carolina Rush's investor presentation, October 2026
Slide 1: Two Paths to Value Creation
TSXV: RUSH | OTCQB: PUCCF Two Paths to Value Creation Near-surface gold expansion/discovery + drill-ready copper porphyry discovery Q4 2026 Corporate Presentation | TSXV: RUSH | OTCQB: PUCCF Q4 - 2026 TSXV: RUSH | OTCQB: PUCCF 1
Slide 2: Disclaimer
Disclaimer This Presentation is not an offer to buy or sell the securities referenced herein, nor has the Securities and Exchange Commission or any state, provincial or territorial regulatory authority determined if this Presentation is truthful or complete. Any representation to the contrary is a c
Slide 3: Mineral Resource Estimate
Mineral Resource Estimate Technical Disclosure All scientific and technical information relation to the Mine ral Resource Estimate (”MRE”) of the Bre wer Go ld-Copper Project contained in this pres entation is de rived from the ne ws release dated August 8, 2025 title d “Carolina Rush Announces Refi
Slide 4: 100% Ownership. Established Resource. Drill-Ready Targets.
100% Ownership. Established Resource. Drill-Ready Targets. An established near-surface resource within a much larger gold-copper system Brewer-Jefferson Land Position Ownership & Control N 100% interest and operational control of Brewer-Jefferson Project, totalling >3,500 acres and maiden NI 43-101
Slide 5: Two-Path Exploration Strategy
Two-Path Exploration Strategy A disciplined exploration strategy balancing transformational discovery potential A Rare Junior-Explorer Setup N Defined discovery upside, existing resource baseline, 100% exposure and a near-term drill catalyst Near-Surface Gold System Copper Porphyry Potential Brewe
Slide 6: Near-Surface Gold: The First Value-Building Opportunity
Near-Surface Gold: The First Value-Building Opportunity Objective: materially expand Brewer’s near-surface gold resource Summary of 2025 Maiden Mineral Resource Estimate Au Cu Tonnes EXPAND → DEFINE → EVALUATE Resource Classification Oz Au g/t M lbs % (Mt) Indicated 192,000 0.97 16.7 0.13 6.2 Expand
Slide 7: Brewer In Situ & Backfill Mineral Resource Validation
Brewer In Situ & Backfill Mineral Resource Validation Existing NI 43-101 resource before the 2026 deep-drill program Brewer In Situ Mineral Resource Visual Validation ’ ’ open open open open Brewer Backfill Mineral Resource Visual Validation Q4 - 2026 TSXV: RUSH | OTCQB: PUCCF 7
Slide 8: The Foundation: Near-Surface Gold-Copper System
The Foundation: Near-Surface Gold-Copper System Resource growth can generate repeatable news flow while the porphyry is tested Brewer Expansion Exploration Targets Pipeline N • Tanyard & B6 Expansion Targets: Known high-grade • A1 Anomaly | Gate Breccia | Snake Mtn | Au-Cu mineralization remains ope
Slide 9: Porphyry: The Transformational Opportunity
Porphyry: The Transformational Opportunity The deeper system remains central to the Brewer thesis What we know Location of Deep Drilled Holes & Proposed Target – Vertical Section – view to the SW • Extensive gold-copper mineralization at surface and depth • Geological work supports a large magmatic-
Slide 10: Porphyry: Interpretation and Next Steps
Porphyry: Interpretation and Next Steps Phase II porphyry targets defined • 2026 deep drilling confirmed a large hydrothermal system extending more than 1 km below surface • Independent review by Dr. Richard Sillitoe supports the tilted porphyry copper-gold model • Recent drill hole 38 provides evid
Slide 11: Near-Term Action Plan
Near-Term Action Plan Deploy existing capital into near-surface resource expansion and discovery drilling A’ Plan View Targeting Additional Near-Surface Gold Potential NWT Tanyard Zone discovered in 2021 by drilling below anomalous gold mineralization identified in shallow historic drilling Former
Slide 12: Near-Term Action Plan
Near-Term Action Plan Cross Section looking West (50m clipping window) Expanding Known Au-Cu NWT Pit Mineralization Identified mineralization remains open for expansion in several directions Brewer Breccia extended 180m below former oxide mine, open to NW Tanyard Breccia discovered by RUSH in
Slide 13: Near-Term Action Plan
Near-Term Action Plan Cross Section Looking North (50m clipping window) B B’ Targeting Additional Near-Surface Gold Potential Cross Section through the Brewer and B6 pits – 700 meters of strike length below the former mine tested by only 2 RUSH drill holes B21C-014 drilled below the B6 pit encou
Slide 14: Investment Thesis
Investment Thesis Full ownership, multiple drill-ready targets and resource baseline Carolina Rush combines 100% ownership, an established resource and two defined paths to value creation 100% ~US$2M 5+ 2+ 3,524 acres Brewer interest and partner-funded priority near-surface gold priority drill-ready
Slide 15: Capital Structure
Capital Structure & Contact Information CAPITAL STRUCTURE SHARE DISTRIBUTION Share Price (as of October 27, 2026) $0.085 Shares Outstanding 90,799,482 Warrants (avg.$0.205) 31,490,748 Retail Options (avg. $0.275) 7,152,000 20% Fully Diluted 129,442,230 HNW Investors 52-Week range $0.20/0.065 37% Mar
Slide 16: Management Team
Management Team Operational leadership advancing exploration, strategy and execution LAYTON CROFT – President, CEO & Director • 30 years global experience, including 20 years in mining and exploration • Senior roles with Ivanhoe Mines, Rio Tinto Peabody Energy and Duke Energy • Chairman of Erdene Re
Slide 17: Directors & Advisors
Directors & Advisors Aligned expertise in discovery, capital markets and project advancement Proven leadership across discovery, capital markets & strategic direction Technical & strategic support aligned with Brewer’s discovery potential BRAHM SPILFOGEL – Chair of the Board, Independent Director LA
Slide 18: Appendix
TSXV: RUSH | OTCQB: PUCCF APPENDIX Q4 - 2026 Q4 - 2026 TSXV: RUSH | OTCQB: PUCCF 18
Slide 19: Brewer History
Brewer History 200 years of gold prospecting, exploration and mining Brewer becomes a Superfund Site When the company abandoned the site in 1999, the U.S. Environmental Protection 1990 Flood Event Agency (EPA) took title to the site and oversaw water treatment operations to Drilling in 1970s contain
Slide 20: Summary of Best Interceptions at Brewer
Summary of Best Interceptions at Brewer 36 Holes drilled by Carolina Rush prior to 2026 drill program To Au Cu RANK Drill Hole From (m) Interval (m) Au GxT (m) (g/t) (%) 1 B23C-021 111.50 174.00 62.50 8.45 0.28 528 2 B21C-005 56.00 237.60 181.60 1.24 0.27 225 3 B24C-036 63.20 269.50 206.30 0.66 <0.1
Slide 21: Highest Grades
Highest Grades Within broad mineralized zones Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%) B20C-004 66.41 182.00 115.59 0.91 0.17 Incl. 150.50 166.00 15.50 2.35 0.46 Incl. 162.55 166.00 3.45 5.29 1.19 B21C-005 56.00 237.60 181.60 1.24 0.27 Incl. 62.00 137.00 75.00 2.13 0.26 64.90 75.00 10
Slide 22: Best Copper Results
Best Copper Results Core drilling BHID From (m) To (m) Interval (m) Au* (g/t) Cu* (%) B20C-004 161.4 169.0 7.6 2.96 0.97 B21C-005 71.9 87.5 15.6 1.43 0.54 and 190.9 210.2 19.3 0.86 0.65 and 221.0 226.0 5.0 0.45 0.51 B21C-008 105.5 149.2 43.7 2.05 0.54 B21C-015 81.5 88.5 7.0 2.88 0.74 B23C-018 203.09
Slide 23: Tanyard Breccia Extended
Tanyard Breccia Extended Testing the breccia along ~250m of strike from 50-150m below surface Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%) B21C-015 44.60 107.00 62.40 1.03 0.15 Tanyard Zone Inclined Section Looking South Incl. 76.50 97.70 21.20 2.23 0.36 B23C-021 111.50 174.00 62.50 8.45
Slide 24: Tanyard: The Clearest Near-Surface Growth Target
Tanyard: The Clearest Near-Surface Growth Target High-grade discovery zone remains open with a large under-tested gap toward Brewer • B21C-015: 62 m @1.0 g/t Au & 0.15% Cu, incl. 21 m @ 2.2 g/t Au & 0.36% Cu • B23C-021: 62.5 m @ 8.5 g/t Au & 0.28% Cu, incl. 2.5 m @ 169 g/t Au • Follow-up drilling de
Slide 25: Brewer Extension: Open Beneath the Former Mine
Brewer Extension: Open Beneath the Former Mine Known mineralization plus deeper feeder-structure potential • 12 holes drilled below the Brewer pit targeting the extension of the known ore body • All holes encountered significant mineralization, which remains open • Down-plunge drilling intersected m
Slide 26: B6: Potential Additional Breccia Centre
B6: Potential Additional Breccia Centre A disciplined follow-up target after the immediate priorities SE Vertical section – view to the SW (100 m clipping) NW B6 B6 I.P. Target Breccia Target B21C-014 105 m of Breccia @ 0.3 g/t Au B21C-014: Polylithic, quartz-topaz altered, sulfidic breccia Q4 - 202
Slide 27: Jefferson & A1: District Scale Optionality
Jefferson & A1: District Scale Optionality Expanded land: room to follow-up on both porphyry & near-surface opportunities Why this matters A1 Anomaly Historical Drill Intersections (2016-2017 | 2011) Hole ID From To Interval Au (g/t) • Brewer and Jefferson now form approximately 3,524 acres (m) (m)
Slide 28: The Porphyry Model: Now Drill-Tested
The Porphyry Model: Now Drill-Tested Deep drilling & independent review support a tilted porphyry copper-gold system Large System Confirmed at Depth Porphyry Cu Model Cross Brewer Geology: Exploration Model Section Brewer’s near-surface Au-Cu mineralization is interpreted as the high-level expressio
Slide 29: First Systematic Deep Drill Program at Brewer
First Systematic Deep Drill Program at Brewer Initial deep test confirms Brewer as a large gold-copper system Location of Initial Deep Drill Holes • 3-hole, 3,579 m drill program completed with OceanaGold • Confirmed a large hydrothermal system extending > 1 km below surface • Identified chalcopyrit
Slide 30: Key Geological Observations from Hole 38
Key Geological Observations from Hole 38 Confirming copper-gold porphyry system below lithocap Conceptual Porphyry Copper-Gold Model Showing Effects of Post Mineral Tilting and Interpreted Position of Brewer High-Sulfidation Mineralization (1) and Cu- Au Intercept in Hole 38 (2) Q4 - 2026 TSXV: RUSH
Slide 31: The Blue-Sky Case: Brewer Porphyry
The Blue-Sky Case: Brewer Porphyry Hole 38 advanced the model from concept toward a tangible source Location of Deep Drill Holes & Proposed Target – Vertical Section – view to the SW Why this matters SE NW • B26C-038 validated the southeast-tilted alteration system • Higher-temperature assemblages a
Slide 32: Hole 38: The Critical Vector
Hole 38: The Critical Vector First Cu-Au mineralization below lithocap; target sharpened northwest Hole 38 Intersects New Mineralized Alteration Zone Below Brewer Lithocap (view to the Southwest) Key technical takeaways • Hole 38 drilled to 1,374 m and extended alteration > 1 km below surface • 60 m
Slide 33: Key Geological Observations from Hole 38
Key Geological Observations from Hole 38 Intersected the first Cu-Au mineralization below the lithocap Examples of Porphyry-Related Alteration and Mineralization in Hole 38 A. Disseminated chalcopyrite B. Early A-type quartz veins in within deformed chlorite-sericite intense chlorite alteration with
Slide 34: Key Geological Observations from Hole 37
Key Geological Observations from Hole 37 Confirming a large hydrothermal system and northwest vector • 410m of chalcopyrite-bearing copper mineralization • B-type veining at multiple depths; highest density 170–223m and 570–640m • Alteration zonation vectors to the northwest • No porphyry centre ide
Slide 35: Hole 39: Resource Growth Beyond the Current Footprint
Hole 39: Resource Growth Beyond the Current Footprint Near-surface Au-Cu mineralization supports parallel value creation Cross Section of Hole 39 The Key result 51 m @ 0.62 g/t Au & 0.22% Cu, incl. 12 m @ 1.04 g/t Au & 0.60% Cu • 50 m step-out from the nearest intercept used in the 2025 MRE • Demons
Slide 36: Key Geological Observations from Hole 39
Key Geological Observations from Hole 39 Confirmed Au-Cu mineralization beyond the current resource footprint Examples of Breccia Hosted Au-Cu Mineralization Encountered in Hole 39 A. Au-Cu mineralized breccia (1.5 B. Chalcocite mineralization (1.0 m m @ 2.0 g/t Au, 0.8% Cu) @ 1.7 g/t Au, 2.5% Cu) Q