NevGold Extends Oxide Mineralization By Over 100 Meters: 7.27 g/t AuEq Over 3.0 Meters (6.18 g/t Au, 0.28% Sb) Within 1.55 g/t AuEq Over 32.0 Meters (0.92 g/t Au, 0.16% Sb); And 8.04 g/t AuEq Over 3.0 Meters (0.36 g/t Au, 1.98% Sb) Within 0.42% Sb Over 42

NevGold Corp. released additional 2026 drill assays from the Resurrection Ridge area of its Limousine Butte gold-antimony project in Nevada, stating it has extended oxide mineralization "over 100 meters to the east" of the Resurrection Ridge resource, both inside and outside the July 15, 2026 MRE pit-shell. The company reports six intervals from five holes: LB26-008, LB26-010, LB26-011, LB26-013, and LB26-015.

Key reported intercepts include: - LB26-011: 3.0 m @ 6.18 g/t Au, 0.28% Sb (7.27 g/t AuEq), within 32.0 m @ 0.92 g/t Au, 0.16% Sb (1.55 g/t AuEq), within 53.3 m @ 0.60 g/t Au, 0.12% Sb (1.06 g/t AuEq), from 56.4 m. - LB26-008 Upper: 65.5 m @ 0.30% Sb (no gold reported), including 42.7 m @ 0.42% Sb, also including 3.0 m @ 0.36 g/t Au, 1.98% Sb (8.04 g/t AuEq), from 4.6 m. - LB26-008 Lower: 50.3 m @ 0.16 g/t Au (0.16 g/t AuEq), including 3.0 m @ 1.29 g/t AuEq, from 207.3 m. - LB26-010: 21.3 m @ 0.21 g/t Au, 0.14% Sb (0.75 g/t AuEq), including 9.1 m @ 0.30 g/t Au (0.88 g/t AuEq). - LB26-013: 25.9 m @ 0.11 g/t Au, 0.07% Sb (0.37 g/t AuEq), including 4.6 m @ 0.57 g/t AuEq. - LB26-015: 132.6 m @ 0.18 g/t Au, 0.12% Sb (0.65 g/t AuEq) from surface, including 67.1 m @ 0.73 g/t AuEq and 7.6 m @ 0.15 g/t Au, 0.57% Sb (2.35 g/t AuEq).

The release also restates treasury "over $43 million," 50 holes drilled (~12,000 m) with 38 holes pending assays, a PEA targeted Q1-2027, and continuing met testwork and early permitting.

Nevgold Corp. (NAU) reported that its latest drilling at the Resurrection Ridge system confirms the deposit continues eastward, returning grades modestly above the Mineral Resource Estimate (MRE) profile. The results represent incremental expansion that supports a future resource update rather than redefining the scale of the deposit, adding a new zone, or de-risking the project’s economics.

The pre-existing high-grade anchor for this zone remains the April 2026 intercept LB25-023A, which returned 100.6 m @ 1.93 g/t AuEq from surface, and the March intercept LB25-024, which returned 11.42 g/t AuEq over 7.7 m. On the basis of AuEq-metres and gold-only metres, today’s best results sit below those historical benchmarks:

• LB26-015: 132.6 m @ 0.65 g/t AuEq
• LB26-011: 53.3 m @ 1.06 g/t AuEq

The company’s share price has experienced an approximately 80% drawdown, falling from C$3.03 on May 29, 2026, to C$0.62. The current market valuation assumes nothing about the current drilling programme, meaning the release must be materially better than anything previously demonstrated to be considered positive. The results are better than the immediately preceding 2026 holes—specifically the September 17 intercept of 5.00 g/t Au over 3.0 m, which is roughly matched by the recent 6.18 g/t Au over 3.0 m—but remain well short of the high-grade antimony hits recorded between February and April.

Nevgold is a pre-resource full-scale explorer with a maiden MRE in hand. Against a market capitalization of approximately C$108M (with an enterprise value of approximately C$62M net of a C$45M treasury), the release is viewed as a maintenance-of-narrative result.

NevGold Corp. (NAU) is a pre-revenue Vancouver-based explorer and developer holding 100% of four projects: Limousine Butte, Cedar Wash, Nutmeg Mountain, and Zeus. The Limousine Butte project, described as the flagship gold-antimony asset in Nevada, is a Carlin-style oxide hosted in the Pilot Shale below a thrusted dolomite. The company also holds the Cedar Wash gold-silver project in Nevada, the Nutmeg Mountain gold project in Idaho, and the early-stage Zeus copper project in Idaho.

The Limousine Butte maiden mineral resource estimate (MRE), effective July 15, 2026, defined 132.7 Mt at ~0.35 g/t Au and 0.10% Sb. This includes 181,400 oz Au and 31,800 t Sb in Measured and Indicated categories, and 1,203,500 oz Au and 75,700 t Sb in Inferred categories, at a 0.30 g/t AuEq cutoff. Over 88% of the tonnage falls into the Inferred category, with an average gold grade at the low end of heap-leach viability.

Development is presented in two phases: "Jumpstart Antimony," involving the re-processing of historic leach pads, and "Golden Bullet," a bulk open-pit leach operation. Production targets are set for 2028 and 2029-2030, respectively, with a preliminary economic assessment (PEA) due in Q1-2027.

Prior-period context indicates a Q1-2026 net loss of C$1.39M and cash of C$8.49M at March 31, 2026, before a May C$42.2M placement. The release’s statement of "over $43M treasury" is consistent with approximately C$45.5M at July 31 per the investor deck. Shares outstanding have climbed from approximately 114M in Q3-2025 to approximately 173M in mid-2026, with approximately 13.9M options and 14.6M warrants outstanding.