Carolina Rush Announces Grant of Restricted Share Units

Rhea-AI Summary

Carolina Rush (OTCQB: PUCCF, TSXV: RUSH) granted an aggregate of 678,000 restricted share units (RSUs) to an officer under its omnibus long-term incentive plan on April 21, 2026. The RSUs vest in three equal tranches: one-third on each of the first, second and third anniversaries of the grant.

This award represents a time‑based equity grant intended to align executive incentives with long‑term shareholder value through multi‑year vesting.

AI-generated analysis. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - April 21, 2026) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush" or the "Company") announces that it has granted an aggregate of 678,000 restricted share units (each, an "RSU") to an officer of the Company pursuant to the terms of the Company's omnibus long-term incentive plan. The RSUs shall vest as to 1/3 on the first anniversary of the date of grant; 1/3 on the second anniversary of the date of grant; and 1/3 on the third anniversary of the date of grant.

About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is a Southeastern U.S.-focused exploration company advancing the Brewer Gold-Copper Project in South Carolina, currently being explored in partnership with OceanaGold Corporation. Brewer is a large, underexplored system that hosts near-surface epithermal mineralization and the potential to host deeper porphyry-style mineralization. Brewer is located 13 km from OceanaGold's producing Haile Gold Mine, which is expected to produce an average of 210,000 ounces of gold per year from 2027-2031 inclusive (source: www.oceanagold.com).

The information disclosed from nearby properties is not necessarily indicative to the mineralization at Brewer.

For further information, please contact:
Layton Croft, President and CEO
or
Jeanny So, Corporate Communications Manager
E: info@thecarolinarush.com
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293626

FAQ

What did Carolina Rush (PUCCF) announce on April 21, 2026 about RSUs?

Carolina Rush granted 678,000 RSUs to an officer, vesting over three years. According to Carolina Rush, the award vests one‑third on each anniversary of the grant to align the officer’s interests with long‑term performance.

How do the 678,000 RSUs granted by Carolina Rush (PUCCF) vest over time?

The RSUs vest in three equal annual tranches: 1/3 on each of years one, two and three. According to Carolina Rush, this time‑based schedule ties compensation to continued service and multi‑year retention.

Who received the restricted share units in Carolina Rush's (PUCCF) April 2026 grant?

An officer of the company received the aggregate 678,000 RSUs under the omnibus plan. According to Carolina Rush, the grant was made pursuant to the terms of the company's long‑term incentive plan.

What is the purpose of Carolina Rush (PUCCF) granting RSUs to an officer?

The RSU grant is intended to align executive incentives with long‑term shareholder value via time‑based vesting. According to Carolina Rush, the award supports retention and links compensation to multi‑year performance objectives.

Will the 678,000 RSUs granted by Carolina Rush (PUCCF) dilute existing shareholders?

The announcement describes an RSU grant but does not state dilution percentage or share count impact. According to Carolina Rush, 678,000 RSUs were granted; investors should consult company filings for dilution details.

Where can investors find the vesting schedule for Carolina Rush (PUCCF) RSUs granted April 21, 2026?

The vesting schedule is one‑third on each of the first, second and third anniversaries of the grant. According to Carolina Rush, the RSUs follow the omnibus long‑term incentive plan terms.