NEVGOLD ANNOUNCES MINERAL RESOURCE: ANTIMONY OF 29,600 TONNES MEASURED & INDICATED (0.26%) AND 48,100 TONNES INFERRED (0.18%); 100% OXIDE GOLD OF 181,400 OZS MEASURED & INDICATED AND 1,203,500 OZS INFERRED; STRATEGIC U.S. ANTIMONY RESOURCE

NevGold Corp. (NAU) released its maiden Mineral Resource Estimate (MRE) for the Limo Butte Project in Nevada, defining a strategic U.S. oxide gold-antimony resource. The MRE outlines two development scenarios based on 130,000 m of drilling through end-2025, using gold price US$3,000/oz and antimony US$35,000/t.

• Base Case MRE (0.30 g/t AuEq cut-off): Total Measured & Indicated (M&I) of 15.2 Mt grading 0.37 g/t Au and 0.21% Sb, containing 181,400 oz Au and 31,800 tonnes Sb. Total Inferred of 117.5 Mt at 0.32 g/t Au and 0.09% Sb, containing 1,203,500 oz Au and 75,700 tonnes Sb.
• Antimony-focused sub-domains (0.1% Sb cut-off within base case): M&I of 11.3 Mt at 0.36 g/t Au and 0.26% Sb (129,500 oz Au, 29,600 t Sb); Inferred of 26.9 Mt at 0.23 g/t Au and 0.18% Sb (196,100 oz Au, 48,100 t Sb).
• Project Jumpstart Antimony (surface/mined material): 6,900 t Sb M&I at 0.28% Sb (2.3 Mt) and 500 t Sb Inferred at 0.99% Sb.
• Higher-grade subsets (0.45 g/t Au or 0.25% Sb) show robust grade improvements.

A 20,000-m drill program is running in 2026 to expand the resource and test new targets, including the Bullet Zone and Armory Fault. Metallurgical testwork for the near-term antimony scenario is advancing, with PFS/PEA studies to follow.

Nevgold Corp. (NAU) released its maiden Mineral Resource Estimate (MRE) for the Limo Butte project in mid-July, meeting the company’s previously guided timeline for a Q2-Q3 2026 announcement. The release follows nearly 130,000 meters of drilling and high-grade intercepts up to 11.42 g/t AuEq, validating the substantial contained metal identified in the estimate.

The resource establishes Limo Butte as one of the largest antimony deposits in the U.S., defining a near-term production scenario known as Jumpstart Antimony that can be advanced to a pre-feasibility study (PFS). The M&I resource contains 181,400 oz of gold and 29,600 tonnes of antimony. Antimony is classified as a critical mineral with U.S. supply-chain priority. Potential revenues from the Jumpstart scenario, which includes 6,900 tonnes of M&I antimony at current prices of approximately US$35,000 per tonne, are considered meaningful relative to the company’s market capitalization of approximately C$314 million.

The MRE’s leach-pad component consists of 2.3 million tonnes at 0.28% Sb M&I, aligning with earlier pit-sampling estimates of 2.4-3.0 million tonnes grading approximately 0.30% Sb. The broader open-pit resource totals 15.2 million tonnes M&I, confirming multi-million-ounce gold potential in oxide material.

Prior to the news, Nevgold’s stock had risen from approximately $0.31 in July 2025 to $3.03 by late May 2026, before correcting to $1.87. The release is expected to be received positively as it validates the project’s story rather than introducing a surprise, though the project remains in the pre-feasibility stage.

NevGold Corp. is a junior explorer and developer focused on gold and antimony projects in Nevada and Idaho. Its flagship asset is the 100%-owned Limousine Butte oxide gold-antimony project in Nevada, a brownfield site with historical gold production of approximately 100,000 ounces and WWII-era antimony mining. The project features at-surface oxide mineralization amenable to heap-leach processing, with antimony recoveries up to 92% via acid leaching and gold recoveries exceeding 93% after antimony extraction.

Two development scenarios are being considered for Limousine Butte. The Jumpstart Antimony plan involves reprocessing approximately 2.5 million tonnes of historical crushed and run-of-mine leach pad material grading 0.30% antimony and 0.30 grams per tonne gold, targeting antimony production by 2027 or 2028. The Golden Bullet scenario envisions a larger open-pit, heap-leach operation on the broader resource at Resurrection Ridge, Cadillac Valley, and Northern Zones, with a potential production target of 2029 to 2030.

In Idaho, NevGold owns the Nutmeg Mountain oxide gold project, which reported a 2025 mineral resource estimate of 1.19 million ounces in the Indicated category and 0.55 million ounces in the Inferred category. A preliminary economic assessment is planned for 2026. The company also holds an early-stage porphyry-style copper target at Zeus Copper in Idaho.