NEVADA KING INTERCEPTS 4.68 G/T AU OVER 7.3M AND 1.00 G/T AU OVER 26.8M NEAR SURFACE AND BOTTOMING IN MINERALIZATION AT EAST RIDGE TARGET

Nevada King Gold Corp. (NKG) has announced results from a Rotary Air Blast (RAB) reconnaissance program conducted at the East Ridge Target, located immediately east of the existing Atlanta pit. The company plans to follow up with a deeper Reverse Circulation (RC) rig, contingent on receiving Bureau of Land Management (BLM) approval for additional sites.

The RAB program tested early-stage targets down to a maximum depth of 30 meters. The release characterizes the findings as high-grade, near-surface intercepts that validate a structural model and suggest the potential to convert waste to mineralization within a future pit shell. No true widths or cutoff grades were reported.

Key intercepts from the program include:

• AT26ERB-16: 4.68 g/t Au over 7.3 m starting at 21.9 m depth
• AT26ERB-42: 1.00 g/t Au over 26.8 m from 2.4 m
• AT26ERB-18: 0.75 g/t Au over 26.8 m from surface

Both AT26ERB-16 and AT26ERB-42 bottomed in mineralization, meaning the holes ended in economic-grade material.

Nevada King Gold Corp. (NKG) reported drill results from the East Ridge target, which lies immediately outside the current pit-constrained resource. While positive results in this area could theoretically extend the pit shell and add contained ounces, the intercepts reported are too early-stage and too shallow to alter the resource base materially.

The company’s existing resource stands at 1.02 moz M&I; these three RAB holes represent less than 100 m of drilling to a maximum depth of 30 m. Even if the entire 7.3 m of 4.68 g/t Au were continuous across a 100 m strike, the contained gold would be negligible relative to the resource.

The market has been in a downtrend since March 2026, with the stock trading at C$0.70—near the lower end of its 52-week range. The chart suggests that prior drill results from multiple targets (Silver Park East, South, North) failed to sustain price momentum; a modest RAB hit at a new target is unlikely to change that.

Nevada King is an explorer with no revenue and a going-concern warning. New discovery holes can be material if they are truly tier-one; these are not.

Nevada King Gold Corp. is an exploration and pre-development company focused on the 100%-owned Atlanta Gold Mine Project in Lincoln County, Nevada. The property covers 130 km² and contains a past-producing open pit that recovered 110 koz Au between 1975 and 1985. Since 2021, the company has drilled more than 130,000 m to advance the deposit.

An NI 43-101 resource statement effective in September 2024 reports Measured and Indicated resources of 27.7 Mt at 1.14 g/t Au for 1.02 moz, and Inferred resources of 3.6 Mt at 0.84 g/t Au for 99 koz. The resource is 91% oxide. Metallurgy confirms conventional heap-leach suitability for non-silicified volcanics, for which a simplified flowsheet is proposed.

Phase IV drilling, comprising 40,000 m and fully funded, is underway targeting Silver Park East, Atlanta South, Atlanta North, Western Rim, and East Ridge.

The company has approximately 100.4M shares outstanding post-consolidation, with a market cap of approximately C$70M. Centerra Gold holds 9.9% of the company, while insiders own approximately 37%. Nevada King Gold Corp. has zero revenue and reported a FY2026 net loss of C$10.4M. Working capital stood at C$4.5M at March 31, 2026. The MD&A flags material uncertainty regarding going concern, noting the company will need additional financing.