Carolina Rush Shareholders Approve All Proposals at the Annual General and Special Meeting, Including Election of New Board Members
Carolina Rush Shareholders Approve All
Proposals at the Annual General and Special
Meeting, Including Election of New Board
Members
Toronto, Ontario--(Newsfile Corp. - June 5, 2026) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB:
PUCCF) ("Carolina Rush," "Rush" or the "Company") announced that shareholders voted in favour of all
resolutions brought before the meeting (the "
Meeting
") held on June 4, 2026, including: the election of
new directors, appointment of auditors, and approval of the Company's omnibus long-term incentive
plan. Details of all resolutions that were voted upon are set out in the management information circular
(the "
Management Information Circular
") dated April 23, 2026. The Management Information Circular
is available on the Company's profile on SEDAR+ at
www.sedarplus.ca
.
President and CEO Layton Croft said: "I am grateful our Company has attracted an expanded board with
four outstanding independent directors. It is rare for a minerals exploration company to have such
seasoned and respected professionals on its board. This will ensure the highest caliber of good
governance and strategic execution at this exciting and pivotal time for our Company. I thank each of
Laurie Curtis, Don MacLean, Billy Webster, and our new board chair Brahm Spilfogel, for their
commitments to bringing their respective technical, capital markets, entrepreneurial, civic leadership and
corporate governance expertise, and integrity, to the Carolina Rush board. I also thank Gordon Babcock
and David Petroff for their past service as independent directors."
Election of Directors
Shareholders approved the election of the following five directors to the Board:
Dr. Laurence (Laurie) Curtis
Don MacLean
Brahm Spilfogel
William (Billy) Webster IV
Thomas Layton Croft
Laurence (Laurie) Curtis, PhD – Independent Director, compensation committee chair
Dr. Curtis, based in Ontario, is a mining executive, Professional Geologist and economic geochemist
with more than 40 years of global experience in exploration and mine development. He was Founder,
Director and Chief Executive Officer of Intrepid Minerals and Intrepid Mines from 1995 to 2008, which
discovered the Tujuh Bukit high sulfidation gold-copper porphyry deposit in Indonesia. He has consulted
for major mining companies across gold, copper, uranium and nickel in Latin America, Australia and the
Arctic, and previously worked as a mining research analyst with Clarus Securities and Dundee Capital
Markets. He currently serves as Board Chair of TSX-listed Excellon Resources.
Don MacLean – Independent Director, nominating and corporate governance committee chair
Mr. MacLean, based in Ontario, is a mining engineer who has spent more than 40 years working in
capital markets, where he is one of the most experienced precious metals analysts. He has worked as
Senior Analyst and Partner with Paradigm Capital since 2003, prior to which he worked for Deutsche
Bank, BMO-Nesbitt Burns and CIBC-Wood Gundy. He is highly regarded for his ability to identify
promising exploration and development companies in the gold sector. His research emphasizes
geologic and economic potential in companies with strong management, comparing risks and
opportunities. Don also enjoys drawing on his gold team's extensive experience to help investors
understand the many macro factors that influence the gold equity market.
Brahm Spilfogel – Independent Director, board chair
Mr. Spilfogel, based in Ontario, is an award-winning financial executive with more than 25 years of
experience in resource portfolio management. Most recently, he served as Managing Director and
Senior Portfolio Manager at RBC Global Asset Management, where he co-managed several resource-
focused funds, including the RBC Global Precious Metal Fund, RBC Global Resources Fund, and the
RBC Small and Mid-Cap Resources Fund, with assets exceeding $2 billion. Recognized as one of
Canada's leading resource portfolio managers, Mr. Spilfogel has worked extensively with corporate
boards, contributing strategic insights on governance, safety, and sustainability. His expertise spans
financial analysis, mergers and acquisitions, and capital markets across the global resources sector.
William (Billy) Webster IV – Independent Director, audit committee chair
Mr. Webster, based in South Carolina, is a retired business and civic executive who built and sold four
companies, creating thousands of jobs. He served as White House Fellow in the George H.W. Bush
administration, Senior Aide to President Bill Clinton, and Chief of Staff for both the Governor of South
Carolina and the U.S. Secretary of Education. He has served as an independent director of NASDAQ-
listed Golub Capital BDC since 2010, currently chairing the audit committee. He is Adjunct Professor of
health care policy at Wofford College and is actively involved in philanthropic and community initiatives.
Layton Croft – President, CEO & Executive Director
Mr. Croft, based in North Carolina, is a mining executive and entrepreneur with more than 30 years of
global professional experience, including 22 years in minerals exploration and project development. He
has held senior roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy, and has served
as an independent director of TSX-listed Erdene Resource Development since 2015, and as Board
Chair since 2019. He has led Carolina Rush since April 2017, securing the Brewer Gold-Copper Project
in 2020 and establishing the Company's strategic partnership with OceanaGold in 2025.
About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is a mineral exploration company focused
on the discovery of gold and copper deposits in the southeastern United States. The Company is
advancing the Brewer Gold-Copper Project in Chesterfield County, South Carolina — a large,
underexplored hydrothermal system with a near-surface epithermal gold NI 43-101 mineral resource and
compelling exploration potential for deeper porphyry copper-gold mineralization. Brewer is currently
being explored in partnership with OceanaGold Corporation (TSX: OGC) (NYSE: OGC) under a US$20
million earn-in agreement. Brewer is located 13 km from OceanaGold's producing Haile Gold Mine.
Information from nearby properties is not necessarily indicative of the mineralization at Brewer.
For further information, please contact:
Layton Croft, President and CEO
or
Jeanny So, Corporate Communications Manager
E:
T: +1.647.202.0994
For additional information please visit our website at
http://www.TheCarolinaRush.com/
and our X feed:
https://twitter.com/TheCarolinaRush
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and
analysis as filed under the Company's profile at
www.sedarplus.ca
. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received
as and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, other than as required by applicable securities laws.
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