NEVADA KING EXPANDS SILVER PARK EAST MINERALIZATION WITH 350M STEP-OUT, INTERCEPTS 0.93 G/T AUEQ OVER 14.6M STARTING AT SURFACE

The most recent news release (February 3, 2026) details results from the initial phase of the 20,000-meter Phase 4 drill program at the Atlanta Gold Mine Project. Nevada King reported nine Rotary Air Blast (RAB) drill holes from the Silver Park East (SPE) target. Key highlights include hole B25-101, which returned 0.93 g/t AuEq over 14.6 meters starting from the surface. The drilling successfully extended known mineralization by 350 meters to the south, increasing the SPE footprint to approximately 300 meters by 500 meters. Crucially, several holes (B25-100, B25-101, B25-108) bottomed in mineralization, suggesting potential for deeper intercepts. The mineralization is hosted in the same silicified breccia and structural corridor as the main Atlanta Resource Zone (ARZ).

The impact of this news is material but incremental. It validates the company’s structural model that the Atlanta system is not limited to the historical pit area but extends significantly along regional fault corridors. - Scale Validation: A 350-meter step-out is significant for an exploration-stage project, effectively doubling the strike potential of the SPE satellite target. - Economic Potential: Intercepts starting from the surface (0m to 2.4m depth) are highly favorable for open-pit, heap-leach economics, even at lower grades (~0.7 to 0.9 g/t AuEq). - Cost Efficiency: Using RAB drilling for early-stage target testing allows the company to cover more ground with less capital before committing more expensive Reverse Circulation (RC) or Core rigs. - Operational Progress: The company has only completed 2,100 meters of the 20,000-meter Phase 4 program. While these results are positive, they represent only 10% of the planned work, meaning significant news flow is expected throughout 2026.

Nevada King Gold Corp. is focused on the Atlanta Gold Mine Project, a past-producing site located in the Battle Mountain Trend of Nevada. - Flagship Project: The Atlanta Project covers 130 km² and hosts a pit-constrained oxide resource. - Resource (RESPEC 2025): 1.02 million ounces of gold (M&I) at 1.14 g/t Au and 98,500 ounces (Inferred) at 0.84 g/t Au. - Metallurgy: Phase 2 testing confirmed high gold recoveries (up to 90.1%) using conventional oxide processing (milling for high-grade, heap leach for low-grade).