Carolina Rush : Click here to view PDF file

Exploring for Gold and Copper in the Southeast USA

Corporate Presentation - Q2 2024

Cover Photo: Reclaimed Brewer Open Pit/Heap Leach Mine Site, South Carolina, USA

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 criminal offense.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the applicable securities laws of any state of the United States and may be offered and sold in the United States only in reliance upon an exemption from the registration requirements of the U.S. Securities Act and in accordance with any applicable securities laws of any state of the United States.

Each prospective investor must rely on his or her own examination of Carolina Rush ("RUSH") and the terms of the offering, including the merits and risks involved in making an investment decision with respect to the securities. The Company makes no representation or warranty, express or implied, and assume no responsibility for the accuracy, reliability or completeness of the information contained in this Presentation.

Forward - Looking Statements

This Presentation includes "forward looking statements", within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of RUSH to obtain all permits, consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of RUSH to fund the capital and operating expenses necessary to achieve the business objectives of RUSH, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by RUSH. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of RUSH should not place undue reliance on these forward-looking statements.

Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this Presentation are made as of the date hereof and the RUSH undertakes no obligation to update publicly or revise any forward-looking statements contained in this Presentation or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement.

Historical Results

This Presentation contains past mineral exploration results. RUSH has not yet completed the work necessary to verify those past exploration results and the results should not be relied upon. In addition, this Presentation contains information with respect to adjacent mineral properties obtained through public ally available documents. Such information has not been independently verified by RUSH and is not necessarily indicative of the mineralization on RUSH's projects.

The technical and scientific information in this Presentation has been reviewed and approved by Patrick Quigley, MSc, CPG-12116, a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrations.

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

2

PROJECTS

BREWER MINE		SAWYER & NEW SAWYER		EXPANDED REGIONAL PROGRAM
Epithermal & Porphyry Copper-Gold Target		Two historic Gold Mine Acquired		Management Commitment
• Historic open pit gold mine: produced	•	Sawyer Trend gold properties: +20 km	•	7 additional new targets identified:
+200,000 oz Au		structural gold trend		pipeline of new projects with immediate
• Epithermal gold resource target:	•	Sawyer Mine: historic gold resource -		Au - Cu discovery potential
• pit floor - ready to drill		validate and expand gold resource	•	Regional database: additional target
• expanded target from IP survey				development for exploration and
• Big company porphyry copper-gold target:	•	New Sawyer Mine: immediate gold		discovery
	resource potential
Venture discussions in progress			•	Strengthened management

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

3

SOUTHEAST USA: NORTH AMERICA'S FIRST GOLD DISTRICT

Carolina Terrane: 10.35 M oz Gold Endowment

• Porphyry/epithermal and orogenic gold mineralization
• Gold discovered 50 years before California
• 1,493 mines and prospects documented

GEOLOGICAL SETTING OF EASTERN NORTH AMERICA

Carolina Terrane

Reed et al., 2005

Brewer

Haile

Ridgeway

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

4

Carolina RUSH Has 3 Historic Gold Mines *

Sawyer Trend

Brewer

Mine

Golden Triangle (BC)

Same Scale

* USGS Professional Paper 213

CAROLINA TERRANE IS 400 km NE-SW BY 100 km NW-SE = 40,000 km2 and contains Hundreds of Historic Mines

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

5

km/
17		miles
	6
	.
10

Haile Gold Mine

Haile Gold 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	5,136,638	6,737,146	11,873,784	1.20	199,021

*Source: Modified from Zwaschka and Scheetz, 1995

Deposit	Type	Host Rocks	Alteration	Historic*/Current	Au Age
Resource (Moz Au)	(Ma)
Haile	Sediment-hosted	Persimmon Fork	Quartz-pyrite-sericite	4.20	549
epithermal	metasediments
Ridgeway	Sediment-hosted	Persimmon Fork	Quartz-pyrite-sericite	1.44	553
epithermal	metasediments
Brewer	High sulfidation	Persimmon Fork	Quartz-pyrite-	See Table 1*	550
epithermal	metavolcanics	aluminosilicate

• Haile Gold Mine (OceanaGold), located 17 km from Brewer Mine; expected 130,000 to 150,000 ounces of gold per year - produced 176,000 ounces in 2022 (www.oceanagold.com)

TSXV: RUSH | OTCQB: PUCCF

6

Phase I Data Driven Exploration

Brewer Near Surface Resource Target

CORE DRILLING

• Inaugural drill program: 17 holes, 5,400m drilled
• Highlights include:
• • B21C-005:181.6 m @ 1.24 g/t Au, 0.27% Cu from 56 m depth Including: 10.1 m @ 8.20 g/t Au, 0.24% Cu from 65 m depth
  • B21C-008:106.5 m @ 1.07 g/t Au, 0.26% Cu from 52 m depth
    Including: 45.2 m @ 2.03 g/t Au, 0.52% Cu from 104 m depth

RAB DRILLING: 194 holes drilled, max depth 24 m, utility: prospecting, bedrock mapping

SONIC DRILLING

• 6 Sonic holes completed (350 m) through backfilled pit
• 488 large samples collected from pit backfill material
• Utilized as pre-collars for core holes

COMPILATION OF HISTORIC DATA: Historic drillhole database & blasthole model

HIGH RESOLUTION INDUCED POLARIZATION SURVEY COMPLETED: Targets Identified and prioritized for immediate testing

TECHNICAL REPORT IN PROGRESS - NI 43-101

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

7

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 0.57 g/t Au

• The Company cautions that a Qualified Person has not done sufficient work to classify the Historic Estimate as current mineral resources or mineral reserves under NI 43-101. The Company is not treating the Historical Estimate as current mineral resources or mineral reserves. There can be no certainty, following further evaluation and/or exploration work, that the Historic Estimate can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101. However, the Company plans to conduct further evaluation and/or exploration work with the objective of verifying or upgrading the Historic Estimate as mineral resources or mineral reserves in accordance with NI 43-101.

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

8

Brewer Core Drilling To Date

Summary of Best Intersections in Each Hole

Rank	Drill Hole	From	To	Interval	Au	Cu	Au
		(m)	(m)	(m)	(g/t)	(%)	GxT
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	B21C-008	52.00	158.50	106.50	1.07	0.26	114
4	B20C-004	66.41	182.00	115.59	0.91	0.17	105
5	B23C-018	166.50	241.00	74.50	1.10	0.12	82
6	B21C-015	44.60	107.00	62.40	1.03	0.15	64
7	B21C-011	72.49	207.48	134.99	0.41	<0.10	55
8	B24C-022	49.00	106.50	56.00	0.70	0.11	39
9	B23C-020	163.50	229.45	65.95	0.50	<0.10	33
10	B21C-014	56.90	162.00	105.10	0.31	<0.10	33
11	B21C-010	81.95	93.85	11.90	2.22	0.07	26
12	B23C-019	336.18	379.50	43.32	0.41	<0.10	18
13	B21C-013	51.15	93.50	42.35	0.42	<0.10	18
14	B21C-009	154.55	170.50	15.95	1.09	0.22	17
15	B21C-012	208.29	256.00	47.71	0.35	<0.10	17

Notes: *Reported intervals are drilled widths and do not represent true thicknesses. Holes ranked in terms of best GxT value (GxT = Au grade x thickness). Table shows reported intersections with a GxT value > 10 with new results highlighted in yellow.

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF

Brewer I & II Drill Programs

Best Copper Results

RUSH 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	215.3	12.2	1.80	0.74
B23C-021	132.70	149.00	16.30	2.83	1.00

• Intervals reported are those that contain a minimum weighted average of 0.5% Cu over a minimum 5-meter length

Q2 - 2024

TSXV: RUSH | OTCQB: PUCCF