Carolina Rush Corporation · TSXV:RUSH
Carolina Rush — Investor Presentation (April 2025)
29 slides from Carolina Rush's investor presentation, Apr 28, 2025
Slide 1: All In on Brewer's Untapped Gold and Copper Potential in the Southeast USA
TSXV: RUSH | OTCQB: PUCCF All In on Brewer’s Untapped Gold and Copper Potential in the Southeast USA Corporate Presentation – Q2 2025 Cover Photo: Reclaimed Brewer Open Pit/Heap Leach Mine Site, South Carolina, USA
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 Technical Disclosure
MINERAL RESOURCE ESTIMATE TECHNICAL DISCLOSURE All scientific and technical information relation to th e Mineral Resource Estimate (”MRE”) of th e Brew er Gold-Copper Project contained in th is presentation is derived from th e new s release dated March 20, 2025 titled “C arolina Rush Reports Maiden
Slide 4: Brewer Gold and Copper Project
BREWER GOLD AND COPPER PROJECT A past-producing gold mine in Chesterfield County, South Carolina BREWER MINE: Epithermal Gold-Copper & Porphyry Target • Historic open pit gold mine: produced +200,000 oz Au • Epithermal gold resource target: • pit floor - ready to drill • expanded target from IP surv
Slide 5: Brewer Exploration to Date
BREWER EXPLORATION TO DATE Key Objectives and Achievements #1: EVALUATE POTENTIAL OF BACKFILL MATERIAL • 6 Sonic holes completed (350 m) through backfilled pit • 488 large samples collected from pit backfill material #2: EXTEND GOLD-COPPER MINERALIZATION BELOW FORMER MINE • B21C-005: 181.6m @ 1.24 g
Slide 6: Compelling Porphyry Target
COMPELLING PORPHYRY TARGET From Deep-Sensing MT-IP Geophysical Survey • MT-IP survey was conducted by Zonge International Geophysical Services (Zonge) over a four-week period • The survey consisted of 5 lines approximately 3.8 km in length spaced 200 meters apart • The survey was designed to cover t
Slide 7: Brewer Geology: Exploration Model
Porphyry Cu Model BREWER GEOLOGY: EXPLORATION MODEL Cross-Section Diatreme Breccias and Porphyry Target Brewer Level • Lithocap forms prominent topographic high • High-Level diatreme at surface, above porphyry system at depth TSXV: RUSH | OTCQB: PUCCF 7
Slide 8: Compelling Porphyry Target
COMPELLING PORPHYRY TARGET From Deep-Sensing MT-IP Geophysical Survey Cutaway Section View Through 3D MT Resistivity Porphyry Cu Model Cutaway Section View Through 3D IP Chargeability Volume Showing Spatial Relationship Volume Showing Low-Resistivity Columnar Body Cross-Section Between Low-Resistivi
Slide 9: Summary of Best Intersections at Brewer
SUMMARY OF BEST INTERSECTIONS AT BREWER Drill From To Interval Au Cu RANK Au GxT Hole (m) (m) (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 <0.1 136 4 B21C-008 52.00 158.50 106.50 1.07 0.26 114 5 B20C-004 6
Slide 10: Higher Grades within Broad Mineralized Zones
Higher 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 Incl. 64.90 75.
Slide 11: Diatreme Breccia Complex
DIATREME BRECCIA COMPLEX Historic exploration efforts only scratched the surface TSXV: RUSH | OTCQB: PUCCF 11
Slide 12: Breccia Hosted Gold-Copper Deposit
BRECCIA HOSTED GOLD-COPPER DEPOSIT Vertical Cross Section – Looking West TSXV: RUSH | OTCQB: PUCCF 12
Slide 13: Lithology, Mineralization & Alteration
LITHOLOGY, MINERALIZATION & ALTERATION Breccia and Mineralization B21C-005: 165.4 m B21C-008: 120.3 m B21C-008: 104.5 m B21C-008: 67.6 m Multiple episodes of brecciation and Sub-rounded, polyphase, clast-supported, Angular, monolithic, matrix-supported Large, mineralized quartz-porphyry clast within
Slide 14: Tanyard Zone Photos
TANYARD ZONE PHOTOS Examples of Mineralization Encountered in Hole B23C-021 B24C-034: 145 - 148m 16m @ 2.8 g/t Au, 1.0% Cu 1m @ 3 g/t Au, 2.5% Cu 1m @ 372 g/t Au TSXV: RUSH | OTCQB: PUCCF 14
Slide 15: Tanyard Breccia Extended
TANYARD BRECCIA EXTENDED Recent Drilling Testing the Breccia Along ~ 250m of Strike from 50 – 150 m Below Surface From Drill Hole To (m) Interval (m) Au (g/t) Cu (%) (m) B21C-015 44.60 107.00 62.40 1.03 0.15 Incl. 76.50 97.70 21.20 2.23 0.36 Tanyard Zone Inclined Section Looking South B23C-021 111.5
Slide 16: Porphyry Copper Potential
PORPHYRY COPPER POTENTIAL Surface Map Showing Porphyry Copper Vectors Lithocap and High-Sulfidation Au-Cu Represents the Shallow Parts of a Porphyry System • A review of the Brewer Project provided evidence for the existence of porphyry-type mineralization • A series of geologic and geochemical vect
Slide 17: Porphyry Copper Potential
PORPHYRY COPPER POTENTIAL Indications of deep lithocap environment, approaching epithermal-porphyry transition B21C-016: 227 m. Patchy pyrophyllite “gusano” alteration textures TSXV: RUSH | OTCQB: PUCCF B21C-016: 223m. Chalcopyrite + Bornite 17
Slide 18: Brewer Mine: Epithermal Au-Cu & Porphyry Target
BREWER MINE: EPITHERMAL Au-Cu & PORPHYRY TARGET Strategic Advancements & Next Steps Prime Location: 2025 Focus: • Situated in the Carolina Slate Belt – • Advancing exploration of Brewer’s deep home to OceanaGold’s 4+ Moz Haile porphyry potential Gold Mine • Excellent infrastructure, including paved
Slide 19: Capital Structure
CAPITAL STRUCTURE TSXV: RUSH | OTCQB: PUCCF Capital Structure (as of April 25, 2024) Share Price: $0.075 Insiders, Management, Retail Shares Outstanding: 59,000,122 Advisors & Consultants 29% Warrants (Avg $0.41): 17,359,761 20% Options (Avg $0.65): 2,832,500 Fully Diluted: 79,192,383 52 Week Range:
Slide 20: Management Team
MANAGEMENT TEAM Technical Experience & Seasoned Management LAYTON CROFT – President, CEO & Director PATRICK QUIGLEY, MSc, QP – Exploration Manager & Senior Geologist • Executive with +20 years of global minerals and mining industry experience • Mining geologist with +15 years of professional explora
Slide 21: Technical Experience & Seasoned Governance
TECHNICAL EXPERIENCE & SEASONED GOVERNANCE Board of Directors Strategic Advisors LAYTON CROFT – President, CEO & Director DAVID MOSHER • Executive with +20 years of global minerals and mining industry experience including • Mining geologist and executive with 45+ years of global experience senior ro
Slide 22: Appendix
Appendix
Slide 23: Southeast USA: North America's First Gold District
SOUTHEAST USA: NORTH AMERICA’S FIRST GOLD DISTRICT Carolina Terrane: 10.35 M oz Gold Endowment • Major metallogenic province • Porphyry/epithermal and orogenic gold mineralization • Gold discovered 50 years before California • 1,493 mines and prospects documented Queensway GEOLOGICAL SETTING OF EAST
Slide 24: Brewer Gold-Copper Project Location
BREWER GOLD-COPPER PROJECT LOCATION Haile (5Moz) Golden Triangle (BC) Ridgeway (1.5Moz) Brewer Same Scale Mine 100km TSXV: RUSH | OTCQB: PUCCF 24 213 * USGS Professional Paper
Slide 25: Brewer Mine, Next to Haile Mine
BREWER MINE, NEXT TO HAILE MINE Table 1. Brewer Mine Production : 1987 – 1993 Location Ore Tonnes Waste Tonnes Total Tonnes Grade (g/t) Au Oz (calc) Brewer 4,487,441 4,500,617 8,869,699 1.20 173,150 B6 556,929 1,578,809 2,135,738 1.27 22,717 NW Trend 92,268 330,039 433,843 1.06 3,153 TOTALS 5,136,63
Slide 26: Maiden Mineral Resource Estimate
MAIDEN MINERAL RESOURCE ESTIMATE In Situ Resource Statement - March 20, 2025 Summary of Maiden Mineral Resource Estimate (March 20, 2025) Au Cu Tonnes Resource Classification Oz Au g/t M lbs % (Mt) Indicated 202,000 1.04 16.8 0.13 6.0 In Situ Inferred 210,000 0.84 7.9 0.06 7.8 Backfill Material Infe
Slide 27: Maiden Mineral Resource Estimate
MAIDEN MINERAL RESOURCE ESTIMATE March 20, 2025 Summary of Maiden Mineral Resource Estimate (March 20, 2025) Au Cu Tonnes Resource Classification Oz Au g/t M lbs % (Mt) Indicated 202,000 1.04 16.8 0.13 6.0 In Situ Inferred 210,000 0.84 7.9 0.06 7.8 Backfill Material Inferred 139,000 0.36 9.7 0.03 11
Slide 28: Reclaimed Pits: ~12 Mt of Backfill Material
RECLAIMED PITS: ~ 12 Mt OF BACKFILL MATERIAL Reclaimed Backfill Material (vertical section, looking west) Results of 6-hole Sonic Drilling Program: • 488 large samples collected • Average sample grade: 0.36 g/t Au • “Waste Rock” accounts for ~44% of backfill material with an average sampled grade of
Slide 29: For More Information
TSXV: RUSH | OTCQB: PUCCF FOR MORE INFORMATION: Layton Croft, President & CEO layton@thecarolinarush.com Patrick Quigley, Exploration Manager & Senior Geologist pquigley@thecarolinarush.com Jeanny So, Corporate Communications Manager info@thecarolinarush.com 29