NevGold Intercepts Highest-Grade Oxide Antimony At Bullet Zone Discovery: 5.51% Antimony Over 4.6 Meters Within 4.00 g/t AuEq Over 41.1 Meters (0.96% Antimony And 0.29 g/t Au) at Limo Butte, Nevada

On December 2, 2025, NevGold Corp. announced further high-grade oxide antimony drill results from the recently discovered Bullet Zone at its Limousine Butte project in Nevada. The highlight intercept was from hole LB25-009, which returned 5.51% antimony (Sb) over 4.6 meters, within a broader mineralized zone of 41.1 meters grading 0.96% Sb and 0.29 g/t gold (Au), equivalent to 4.00 g/t gold equivalent (AuEq). This extremely high-grade sub-interval graded 21.49 g/t AuEq.

This is the second drill hole into the Bullet Zone target, following the discovery hole LB25-002 announced on October 16, 2025. The company stated its objective is to continue drilling the Bullet Zone to rapidly advance the project towards an initial antimony-gold Mineral Resource Estimate (MRE). CEO Brandon Bonifacio emphasized the project's strategic position to support the United States' critical minerals strategy due to its domestic, near-surface, oxide antimony-gold mineralization.

The news is materially positive as it strongly confirms the significance of the Bullet Zone discovery announced in October 2025. In mineral exploration, a single high-grade discovery hole can be an anomaly; a second hole confirming and even improving upon the discovery grade significantly de-risks the target and increases confidence in the potential for a new, economically viable deposit.

The grades reported, particularly 5.51% Sb over 4.6 meters, are exceptionally high for an oxide antimony deposit and surpass the already impressive grades of the discovery hole (3.76% Sb over 4.6 meters). This demonstrates continuity of high-grade, near-surface mineralization.

This result validates the company's exploration model and justifies the recent C$10 million financing completed in November 2025. The capital is now being deployed to systematically delineate a discovery that appears to have substantial grade and strategic value. The market had likely priced in a confirmation hole, but the higher grade exceeds expectations and provides a strong fundamental underpinning for the stock's recent price appreciation. Given the US government's stated commitment to securing domestic supply of critical minerals like antimony, these results position Limo Butte as a potentially strategic asset.

NevGold Corp. is a Canadian-based mineral exploration company with assets in the Tier-1 mining jurisdictions of Nevada and Idaho. While the company holds a portfolio of projects, its flagship asset is now the Limousine Butte Project in Nevada. The focus at Limo Butte has shifted to defining a near-surface, oxide gold-antimony deposit, a critical mineral in the United States. The company's other key assets include the Nutmeg Mountain Gold Project in Idaho, which has an established MRE, and the early-stage Zeus Copper Project, also in Idaho.

The company's strategy in 2025 has been to systematically unlock the value of the antimony mineralization at Limo Butte, which was not a focus for historical operators. This strategy led to the high-grade Bullet Zone discovery in October 2025.