Forty-year mining executive and former President and Chief Executive Officer of Victoria Gold Corp. joins the Board, bringing extensive experience in mine development, operations, project financing, permitting and corporate governance

Vancouver, British Columbia - Newsfile Corp. - July 15, 2026 - RZOLV Technologies Inc. (TSXV: RZL) (OTCQB: RZOLF) (FSE: S711) ("RZOLV" or the "Company") is pleased to announce the appointment of John C. McConnell to its Board of Directors, effective July 14^th, 2026. The appointment strengthens the Company's governance, technical oversight and mining-industry experience as RZOLV advances the independent validation, scale-up and potential commercialization of its non-cyanide hydrometallurgical platform for the recovery of gold, silver and selected critical minerals. About John C. McConnell John C. McConnell is a mining executive with more than 40 years of experience in mine development, operations, corporate leadership, project financing and governance. Throughout his career, he has led the advancement of major mining projects from exploration through permitting, financing, construction and commercial production, while raising more than US$1 billion in capital to support project development and corporate growth. Mr. McConnell is currently Chief Executive Officer of 44984 Capital, a private investment company focused on strategic investments across the global mining sector, primarily focused on gold, silver, and copper. Investments include exploration, development, and production issuers, both public and private. Mr. McConnell most recently served as President, Chief Executive Officer and Director of Victoria Gold Corp., where he led the acquisition, development, financing, construction and operation of Victoria Gold's Eagle Gold Mine in the Yukon Territory. Under his leadership, Eagle became Canada's newest large-scale gold mine and one of the Yukon Territory's most significant private-sector investments, producing approximately 180,000 ounces of gold annually while establishing strong partnerships with First Nations, governments, investors and local communities. Prior to Victoria Gold, Mr. McConnell served as President and Chief Executive Officer of Western Keltic Mines Inc., as Vice President of Northwest Territories Projects for De Beers Canada Inc., where he led the development of the Snap Lake Diamond Mine, and held senior management positions with Winspear Diamonds Inc., Breakwater Resources Ltd. and Strathcona Mineral Services Ltd. His experience spans mine engineering, project development, operations, mergers and acquisitions, corporate finance, environmental and regulatory permitting, stakeholder engagement and corporate governance across gold, silver, base metals and diamond projects. He has also served on the boards and board committees of numerous public and private resource companies and industry organizations, contributing extensive experience in governance, technical oversight, risk management, sustainability and long-term shareholder value creation. Mr. McConnell holds a Bachelor of Science in Mining Engineering from the Colorado School of Mines. He is the recipient of the 2024 PDAC Viola MacMillan Award, the 2023 AME Murray Pezim Award and the 2022 AME E.A. Scholz Award in recognition of his contributions to the Canadian mining industry. Management Commentary "We are very pleased to welcome John to the RZOLV Board," said Duane Nelson, President and Chief Executive Officer of RZOLV Technologies Inc. "John has spent more than four decades advancing major mining projects through permitting, financing, construction and commercial production. His experience, technical knowledge and relationships throughout the mining industry, governments, First Nations and capital markets will be extremely valuable as RZOLV moves into its next phase of development." "RZOLV is advancing a potentially important alternative to conventional cyanide-based gold recovery," continued Mr. Nelson. "John's first-hand experience in mine development, heap-leach operations, environmental assessment, stakeholder engagement and project finance will significantly strengthen our Board as we pursue independent validation, strategic partnerships and commercial-scale opportunities." "I am pleased to join the Board of RZOLV Technologies," said John C. McConnell. "The mining industry requires practical technologies that can improve metal recovery while addressing the environmental, regulatory and operational challenges associated with conventional processing. RZOLV is developing an innovative non-cyanide hydrometallurgical platform, and I look forward to working with Duane, the Board and the Company's technical team as the technology advances through independent testing, scale-up and commercialization." Grant of Stock Options In connection with his appointment, the Board has approved the grant to Mr. McConnell of 250,000 incentive stock options. The Company has also approved the grant of...