Mr. Len Brownlie reports

GOLDRUSH ANNOUNCES COMPLETION OF SALE OF THE RONGUEN GOLD PROJECT TO NORD GOLD N.V.

Goldrush Resources Ltd. has completed the sale of its wholly owned Burkina Faso subsidiary, Goldrush Burkina SARL, to Nord Prognoz Ltd., a wholly owned subsidiary of Nord Gold N.V., pursuant to the terms of the share purchase agreement dated June 11, 2014, as amended among the company, Goldrush Burkina and Nordgold. Goldrush Burkina holds the Tikare and Kongoussi 1 mineral permits that comprise the Ronguen project, which is located 10 kilometres northwest of Nordgold's Bissa gold mine and 100 kilometres north of Ouagadougou, the capital city of Burkina Faso.

Prior to the closing of the transaction, all assets and liabilities of Goldrush Burkina, other than the Tikare and Kongoussi 1 permits (which host the Ronguen project, which continues to be held by Goldrush Burkina), were transferred from Goldrush Burkina to Goldrush West Africa SARL, a new wholly owned subsidiary of the company. Accordingly, Goldrush, through Goldrush West Africa, continues to indirectly hold six mineral permits and one mineral permit application in Burkina Faso.

Goldrush received the following from Nordgold as consideration for the sale of Goldrush Burkina:

• A cash payment of $4.25-million (U.S.), of which $1-million (U.S.) is being held in escrow, to be released in two tranches on July 1, 2015, and Dec. 31, 2017, subject to deductions for any liabilities of Goldrush Burkina that occurred prior to closing;
• The grant of a 1-per-cent net smelter returns royalty on any production from the Ronguen project at a gold price of over $1,700 (U.S.) per ounce; the royalty may be repurchased at any time for a cash consideration of $1-million (U.S.);
• An extinguishment of certain back-in rights held by Nordgold (or its predecessor, High River Gold Mines Ltd.) on Goldrush's Salbo or Ouavousse permits.

Goldrush currently intends to use the net proceeds from the sale of Goldrush Burkina to continue its precious metals exploration by advancing its land position in West Africa through the exploration of its mineral permits, for the acquisition of complementary, geologically promising permits, and for corporate and general working capital purposes.

Commented Len Brownlie, president and chief executive officer of Goldrush: "This was a very complex transaction to complete, and we certainly appreciate the patience of our shareholders as we worked through many issues to a successful closing. With a relatively full treasury, we now look forward to resuming our work in West African gold exploration."

About Nordgold

Nordgold is an international pure play emerging-market gold producer established in 2007 and publicly traded on the London Stock Exchange. Nordgold has expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. In 2013, Nordgold's gold production increased to 924,000 ounces from 717,000 ounces in 2012.

Nordgold operates nine mines in Russia, Kazakhstan, Burkina Faso and Guinea. Nordgold has two development projects, four advanced exploration projects, and a diverse portfolio of early exploration projects and licences in the Commonwealth of Independent States, West Africa and French Guiana. Nordgold currently employs over 10,000 workers.

For further information on Nordgold, please visit Nordgold's website.

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