RAB Capital Discloses Additional Investment In Viva Gold Corp.

(TheNewswire)

BRENTWOOD, U.K., January 2,2026 – TheNewswire – RAB Capital JerseyLimited (“RABCapital”), a private investment holdingcorporation controlled by Mr. Philip Richards (“Mr. Richards”), andMr. Richards report that, on December 30, 2025, they purchased 1,250,000units (“Units”) of Viva Gold Corp. (VAU: TSXV) (“Viva Gold”)pursuant to a private placement, at a price of C$0.16 per Unit foraggregate consideration of C$200,000. Each Unit is comprised of onecommon share and one-half non-transferable common share purchasewarrant (“Warrant”). Each Warrant is exercisable toacquire one common share of Viva Gold at an exercise price of C$0.24per share until December 29,2028.

Mr. Richards now beneficially owns and controls,directly and indirectly, 22,220,000 Common Shares and 5,775,000 warrants topurchase Common Shares (“Warrants”) (representing approximately12.94 %of the outstanding Shares on a non-diluted basis and approximately16.31%on a partially-diluted basis). Prior to this investment acquisitiontransaction Mr. Richards beneficially owned or controlled 20,971,500Common Shares and 4,150,000 Warrants.

The Unit were acquired by RAB Capital for investmentpurposes. Mr. Richards and RAB Capital have a long-term view of theinvestment and may acquire additional securities of Viva Gold,including on the open market or through private acquisitions, or sellsecurities of Viva Gold, including on the open market or throughprivate dispositions, in the future depending on market conditions,reformulation of plans and/or other relevant factors.

RAB Capital is a private company that invests in a widerange of assets based on fundamental analysis. RAB Capital currentlytargets investments in small companies, both listed and private, andreal estate development opportunities.

Viva Gold is a British Columbia company having itsregistered office at 20th Floor, 250 Howe Street, Vancouver, BC,Canada V6C 3R8.

This news release is being issued in accordance withNational Instrument 62-103 – The Early Warning System and Related Take-Over Bid and InsiderReporting Issues in connection with the filingof an early warning report. A copy of the earlywarning report with respect to the foregoing will appear on VivaGold’s profile on SEDAR at www.sedar.com and may also be obtained bycontacting its office at + 44 (0) 20 7389 7000 (6 Kilmington Close,Brentwood, United Kingdom CM14 9TB)

RAB Capital Jersey Limited

“AndrewKnatchbull”

Andrew Knatchbull

Finance Director

T: 02073897161

E: Andrew.Knatchbull@rabcap.com

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