NEVADA KING EXTENDS MINERALIZATION 150M ALONG STRIKE AT SILVER PARK EAST

The most recent news release dated 2025-11-10 announces that Nevada King has extended mineralization by 150m along strike at its Silver Park East (SPE) target, part of the Atlanta Gold Mine Project. The company has completed 28,000 meters of a planned 30,000-meter Phase III regional exploration program using Reverse Circulation drilling, with 7,815 meters of assays still pending.

The drill results confirm mineralization over a 450m by 300m footprint, which remains open to the east and south. Key intercepts from the SPE target include: - Hole AT25SP-41: 70.1m averaging 0.20 g/t Au - Hole AT25SP-42: 13.7m averaging 0.33 g/t Au - Other holes show grades ranging from 0.091 g/t Au to 0.46 g/t Au over various intervals.

Justin Daley, VP Exploration, highlighted that the objective of the Phase III program was to identify additional oxide gold zones beyond the Atlanta Resource Zone (ARZ). He noted the consistent presence of low-grade oxide gold and silver at the unconformity over a wide area, suggesting a strong potential at SPE. He also stated a strong belief that SPE is part of the same mineralizing event as the ARZ, with the highest gold grades expected at structural intersections. The company's current task is to map these key fluid pathways and test intersections for higher grades.

This news is a routine positive development for Nevada King Gold Corp. While it demonstrates continued exploration progress and a physical extension of the known mineralized footprint at Silver Park East, the reported gold grades in this specific batch of results are generally low (mostly 0.1-0.3 g/t Au, with a few higher intercepts).

Comparing this to previous drill results at Silver Park: - The 2025-08-19 news highlighted AT25SP-32 at SPE with a much higher 67.1m of 0.83 g/t AuEq (0.55 g/t Au and 24.2 g/t Ag). - The 2025-05-01 news reported AT25SP-21 at Silver Park with 1.11 g/t AuEq over 25m, which was described as the "most significant mineralized interval ever drilled at Atlanta outside of the ARZ."

The current results, while extending the mineralization footprint, do not feature the "high-grade" intercepts seen in earlier announcements for the Silver Park target. The VP Exploration's comments about "low grade oxide gold and silver consistently found" and the focus on "mapping fluid pathways and testing intersections where the best grades remain to be found" indicate that this release is more about expanding the general exploration area rather than hitting bonanza grades.

The Phase III drill program is nearing completion (28,000m out of 30,000m), with a significant portion of assays (7,815m) still pending. These pending assays will be crucial for determining if the overall Phase III program yields more substantial high-grade results, especially from the targeted structural intersections.

Overall, the news confirms continuity and expansion of mineralization, which is positive for resource growth potential, but the reported grades are not indicative of a "game changer" at this stage, nor do they significantly exceed prior expectations for grade, though the footprint expansion is a good sign.

Nevada King Gold Corp. is a Canadian mineral exploration company primarily focused on advancing its 100% owned Atlanta Gold Mine Project, located on the Battle Mountain Trend in southeast Nevada, USA. The Atlanta project is a past-producing gold mine covering 130 km² (or 120 km² depending on news release date).

Flagship Project: Atlanta Gold Mine Project - Resource Estimate: On June 4, 2025, the company announced an updated NI 43-101 compliant pit-constrained oxide resource estimate. This significantly increased the Measured and Indicated (M&I) resource to 27.7 million tonnes grading 1.14 g/t Au, containing 1,019,600 ounces of gold. This represented a 122% increase in M&I gold ounces compared to the 2020 estimate. The Inferred resource stands at 3.6 million tonnes grading 0.84 g/t Au, for 98,500 ounces of gold. Notably, the resource includes a high-grade core of 524,100 oz Au averaging 3.99 g/t Au at a 2 g/t AuEq cutoff. - Metallurgical Testing: Phase 1 and 2 metallurgical test results (July 16, 2025) confirmed that gold and silver mineralization is well-suited for conventional Nevada oxide processing methods. This includes conventional milling for higher-grade material (80.6%-90.1% gold extraction) and run-of-mine (ROM) heap leaching for lower-grade, non-silicified volcanics (83.1% gold extraction). The results support a simplified flowsheet, potentially leading to lower operating and capital costs. - Exploration Program: The company is currently undertaking a fully funded Phase III regional drill program, targeting 30,000 meters of drilling across various prospective areas within the Atlanta Caldera, including Silver Park, Atlanta South, Atlanta North, and Western Rim. The goal is to demonstrate multi-million-ounce potential and discover satellite deposits.

Nevada King is actively de-risking the project through ongoing exploration, metallurgical work, geotechnical studies, environmental assessments, and permit planning.