Financial Results for the Three Months Ending March 31, 2026 - Seite 2

“Q1 2026 marked a period of strong progress for Rupert and the Ikkari project. The appointment of Ausenco as lead consultant for the Feasibility Study in February represented a key milestone in advancing the Ikkari project towards development. In parallel, we continued systematic exploration across our recently expanded land package in the Central Lapland Greenstone Belt, initiating targeting work on new priority areas whilst also progressing infill drilling around Ikkari and Heinä South.

Post quarter end we announced the Transaction with Agnico Eagle, one of the world's leading gold producers. Rupert shareholders will retain meaningful exposure to the Acquired Properties, including Ikkari’s future upside through the CVRs, while also participating in Agnico Eagle’s broader mining portfolio. We continue to believe this Transaction, which combines Rupert’s deep understanding of Ikkari with the local expertise and operational capabilities of Agnico Eagle to realise the assets full potential for shareholders, employees, local communities and regional stakeholders.”

Financial Highlights

During the three months ended March 31, 2026, the Company spent $7,574,845 (three months ended March 31, 2025 - $6,872,366) on general exploration costs and purchase of property, plant and equipment. As of March 31, 2026, Rupert held cash or cash equivalents of $89,004,509. The Company recorded a comprehensive loss for the three months ended March 31, 2026 of $(2,839,702) (comprehensive income for the three months ended March 31, 2025 - $3,507,377 and a net loss per share of $(0.01) (three months ended March 31, 2025 - $(0.01)).

Review by Qualified Person

Mr. Craig Hartshorne, a Chartered Geologist and a Fellow of the Geological Society of London, is the Qualified Person responsible for the accuracy of scientific and technical information in this news release.

About Rupert

Rupert is focused on creating value for all stakeholders through the exploration and sustainable development of gold projects in the Lapland region of Northern Finland.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which, other than statements of historical fact constitute “forward-looking information” within the meaning of applicable securities laws. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking statements included in this press release include, but are not limited to, statements relating to: the Mineral Resource and Mineral Reserve estimates; future mineral reserves on the Acquired Properties; plans and expectations regarding future exploration programs; plans and expectations regarding future project development; the progression of the EIA and FS on the timeline contemplated herein, if at all; operating and cost estimates; future gold prices; the achievement of commercial production at Ikkari on the timeline contemplated herein, if at all; future exploration costs; the Company’s plans for future advancement of the Ikkari project; the timing of the Meeting; the consummation and timing for completion of the Transaction; the achievement of milestones related to the CVRs; the satisfaction of the conditions precedent to the Transaction; the benefits, strengths and potential of the Transaction, including benefits to employees, shareholders, local communities and other stakeholders; and growth potential and expectations regarding the ability to advance the Ikkari project. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's most recent Annual Information Form, for the year ended December 31, 2025, available on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company does not intend, and does not assume any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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