NEVADA KING INTERCEPTS 2.58 G/T AU OVER 29.3M FROM SURFACE AND BOTTOMING IN MINERALIZATION AT EAST RIDGE AND CONTINUES TO EXPAND NEAR SURFACE OXIDE GOLD AT SILVER PARK

Nevada King Gold Corp. (NKG) released results on Oct. 27, 2026, from reverse air blast (RAB) reconnaissance drilling at the East Ridge (ERT) and Silver Park prospects within its Atlanta project in Nevada. The vertical RAB holes were limited to depths of approximately 30 meters, with intervals ending at 29.3 meters described as “bottoming in mineralization,” a method that does not define the full depth extent of the deposits.

Assay results from the East Ridge zone included hole AT26ERB-70, which returned 2.58 g/t Au over 29.3m from surface, containing 11.8 g/t Ag and an AuEq of 2.59 g/t. Other notable intercepts at ERT included AT26ERB-63 with 1.04 g/t Au over 26.8m from surface; AT26ERB-62 with 0.47 g/t Au over 29.3m from surface; AT26ERB-59 with 0.74 g/t Au over 9.8m; AT26ERB-59A with 0.69 g/t Au over 14.6m; AT26ERB-61 with 0.25 g/t Au over 24.4m, including 0.45 g/t Au over 12.2m; and AT26ERB-67 with 0.30 g/t Au over 12.2m.

At Silver Park, key assays included AT26SPB-78, which returned 0.46 g/t Au over 14.6m starting from 14.6m depth; AT26SPB-85 with 0.30 g/t Au over 17.1m from 12.2m; and AT26SPB-73 with 0.15 g/t Au over 26.8m. The company’s data table lists 40 holes, including 17 NSI holes, with a full assay table provided and no stated cutoff grade.

The AuEq formula utilized US$2,200/oz Au and US$25/oz Ag prices, with Phase II recovery averages applied to the mineral resource estimate. For AT26ERB-70, the silver credit was negligible, resulting in an AuEq of 2.59 g/t compared to an Au grade of 2.58 g/t. Nevada King Gold frames the East Ridge zone as located immediately east of the Atlanta pit, where it may convert waste to above-cutoff material, and plans follow-up RC drilling. No resource or economic study is included in the release.

Nevada King Gold Corp. (NKG) released data that does not alter its existing 1.02moz measured and indicated plus 0.099moz inferred resource. The update provides shallow RAB support for a satellite target located east of the Atlanta pit, though no tonnage, cutoff, true width, metallurgy, or resource estimate is attached to this finding.

The company remains a pre-revenue explorer with an existing oxide resource rather than a producer. While a genuinely large new satellite discovery could be material, a 30m RAB program featuring one 75.6 g.m hole and patchy NSIs is insufficient to re-rate the equity on its own.

Expectations are anchored by prior East Ridge RAB results released on July 7, 2026, which included a best of 4.68 g/t over 7.3m (34.2 g.m) and 1.00 g/t over 26.8m (26.8 g.m). The stock closed at C$0.74 on July 7 and C$0.64 on Oct. 26, 2026, indicating the prior result is not embedded in a higher current price. The new best hole shows better gram-metres but lower grade and remains an RAB result.

The delta is positive on grade-thickness versus the East Ridge anchor, but it does not represent a step-change in scale nor confirmation by RC. The market is likely to treat the release as encouraging target validation rather than a resource event.

At a C$64.2M market cap, a new shallow oxide zone could matter if RC proves several hundred metres of continuity at resource grade. On this release alone, the change in perceived scale is modest.

Nevada King Gold Corp. (TSXV: NKG; OTCQX: NKGFF) is a TSXV-listed gold explorer focused on the 100%-owned 130km2 Atlanta Gold Mine project in eastern Nevada, a past-producing oxide gold-silver district. The company’s current NI 43-101 resource estimate includes 1,020koz Au M&I at 1.14 g/t in 27.7Mt, plus 99koz Au inferred at 0.84 g/t in 3.6Mt, using US$2,200/oz Au and US$25/oz Ag. The presentation also cites 8.69moz Ag M&I and an AuEq grade of 1.20 g/t.

Infrastructure at the site includes a deeded power line, private water well, on-site camp/office, year-round access, and a BLM-approved Plan of Operations. The project is located in Nevada, a top-ranked mining jurisdiction.

Exploration is currently in Phase 4, a 40,000m RC program plus RAB reconnaissance. The company had completed about 18,675m of Phase 4 RC as of the latest MD&A context.

The company’s capital structure consists of 100,366,914 shares outstanding. The presentation lists 5.81M options and no warrants, resulting in about 106.18M fully diluted shares. Treasury was about C$16M as of Sept. 21, 2026. Centerra Gold made a strategic investment in April 2026; the release states 9.9% ownership, while the presentation’s shareholder table shows 41% — the discrepancy is unresolved in the provided materials and should not be relied on without confirmation.

No revenue, no production, no economic study and no mine plan are provided. This is an exploration story.