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RUA GOLD Announced Effective Date of Consolidation

Corporate Actions

December 4, 2024

RUA GOLD ANNOUNCED EFFECTIVE DATE OF CONSOLIDATION

Rua Gold Inc. (TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) (“RUA GOLD" or the "Company") announces

that the Company will implement the consolidation of its common shares in the capital of the

Company (the “ Shares”) on the basis of six (6) pre-consol idation Shares for every one (1) post-

consolidation Share (the “Consolidation”) effective as of December 6, 2024.

The Company name will remain unchanged after the Consolidation. The new CUSIP number will be

78109M206 and the new ISIN number will be CA78109M206 for the post-Consolidation Shares.

The total issued and outstanding number of Shares post-Consoli dation will be approximately

53,659,307, subject to rounding for fractional Shares.

No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares

would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the

fractional Share will be cancelled if it is less than one-half (1/2) of a Share, and will be changed to one

whole Share if that fractional Share is equal to or greater than one-half (1/2) of a Share.

The exercise or conversion price, and the number of Shares issuable under any of the Company’s

outstanding convertible securities, if any, will be proportionately adjusted up on the effectiveness of

the Consolidation.

Registered shareholders who hold physical Share certificates will receive a letter of transmittal

requesting they forward pre-Consolidation Share certificates to the Company’s transfer agent,

Computershare Investor Services Inc. in exchange for new Share certificates representing Shares on a

post-Consolidation basis. Shareholders who hold their Shares through a broker or other intermediary

and do not have Shares registered in their own name will not be required to complete a letter of

transmittal.

About RUA GOLD

RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of

expertise, our team has successfully taken major discoveries into producing world-class mines across

multiple continents. The team is now focused on ma ximizing the asset potential of RUA’s two highly

prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield

on New Zealand’s South Island with approximately 12 0,000 hectares of tenements, in a district that

historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.

The Company’s Glamorgan Project solidifies RUA GOLD’s position as a leading high-grade gold explorer

on New Zealand’s North Island. This highly prospect ive project is located within the North Islands’

Hauraki district, a region that has produced an impressive 15 million ounces of gold and 60 million

LEGAL_44952302.1

ounces of silver. Glamorgan is within 3 kms of OceanaGold Corporation’s biggest gold mining project,

WKP.

For further information, please refer to the Company’s disclosure record on SEDAR+ at

www.sedarplus.ca.

RUA GOLD Contact

Robert Eckford

Chief Executive Officer

Email: [email protected]

Website: www.RUAGOLD.com

Neither TSX Venture Exchange nor its Regulations Se rvices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.