Nevgold signs standstill agreement with Goldmining

Mr. Brandon Bonifacio reports NEVGOLD ANNOUNCES ENTRY INTO STANDSTILL WITH GOLDMINING Nevgold Corp. has entered into a standstill agreement with Goldmining Inc., pursuant to which Goldmining has agreed not to, directly or indirectly, sell common shares of Nevgold through open market transactions for a period of 18 months, subject to certain customary exceptions. Goldmining holds, and has control and direction over, 19,073,350 common shares, representing approximately 16.7 per cent of the company's outstanding common shares. Nevgold chief executive officer Brandon Bonifacio comments: "We are pleased to execute this standstill agreement with Goldmining, which prohibits selling, transferring or disposing Nevgold shares for a period of 18 months through open market transactions. The company will have an extremely active end to 2025, and we will have more updates out shortly from our Limousine Butte (oxide gold-antimony), Nutmeg Mountain (oxide gold) and Zeus (copper) projects." Goldmining CEO Alastair Still comments: "We continue to be supportive of Nevgold and continue to be its largest shareholder, holding 16.7 per cent of Nevgold's outstanding shares. We look forward to working with Nevgold as it continues to progress and develop its high-quality projects in the Western USA." About Nevgold Corp. Nevgold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. Nevgold owns a 100-per-cent interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.