NevGold Expands Recent Mineral Resource Estimate With First 2026 Drillholes; 1.16% Antimony Over 3.0 Meters Within 1.38 g/t AuEq Over 50.3 Meters (0.31% Antimony and 0.19 g/t Au) From Surface

NevGold Corp. (NAU) has released assay results from the first three holes of its 2026 drill program at the Limousine Butte project. The company states that holes LB26-001, LB26-002, and LB26-003 expanded the July 15, 2026 maiden oxide antimony-gold mineral resource estimate (MRE) by intercepting mineralization over 100 meters outside the current block model. All three holes were drilled in the Bullet Zone / Armory Fault area on the east side of Resurrection Ridge.

To date, 28 holes have been completed in the 2026 program, with assays pending for 25 additional holes. No new metallurgical, economic, or resource-estimate update was provided alongside the results.

Key reported intercepts include:

• LB26-003 Upper: 1.38 g/t AuEq over 50.3 m from surface
• 0.31% Sb and 0.19 g/t Au
• including 3.0 m at 4.55 g/t AuEq with 1.16% Sb and 0.06 g/t Au
• LB26-003 Lower: 0.71 g/t AuEq over 38.1 m from 135.6 m
• 0.35 g/t Au and 0.10% Sb
• including 13.7 m at 1.31 g/t AuEq with 0.59 g/t Au and 0.18% Sb
• LB26-002 Upper: 1.04 g/t AuEq over 10.7 m from surface
• 0.23% Sb and 0.15 g/t Au
• LB26-002 Lower: 1.04 g/t AuEq over 65.5 m from 161.5 m
• 0.22% Sb and 0.18 g/t Au
• including 36.6 m at 1.34 g/t AuEq with 0.29% Sb and 0.22 g/t Au
• also including 6.1 m at 3.94 g/t AuEq with 0.95% Sb and 0.25 g/t Au
• LB26-001 Upper: 1.34 g/t AuEq over 9.1 m from surface
• 0.31% Sb and 0.14 g/t Au
• including 3.0 m at 2.81 g/t AuEq with 0.67% Sb and 0.21 g/t Au
• LB26-001 Middle: 0.70 g/t AuEq over 24.4 m from 129.5 m
• LB26-001 Lower: 0.42 g/t AuEq over 45.7 m from 211.8 m
• including 3.0 m at 3.30 g/t AuEq with 2.39 g/t Au and 0.23% Sb

Nevgold Corp. (NAU) is a pre-revenue exploration company with no current income, where drill results serve as the primary driver of the equity story. The stock experienced significant volatility, rising from C$0.26 in August 2025 to C$3.03 by May 29, 2026, driven by high-grade Bullet Zone and Armory Fault discoveries. At C$1.59, the stock remains roughly sixfold higher than its pre-discovery low and has not round-tripped. Even following the decline from C$3.03, the market continues to price in substantial expectations that Limousine Butte will become a high-grade, strategically important domestic antimony resource.

The first three 2026 drill holes represent a step-down in grade and width rather than a confirmation of that high-grade expectation. While the results appear respectable against the low-grade Mineral Resource Estimate (MRE), they do not deliver the high-grade antimony grades the market previously valued. The company is explicitly presenting these as MRE expansion and step-out holes located outside the existing block model, rather than infill holes at or above resource grade.

If the remaining 25 holes yield similar results, the high-grade narrative may continue to de-rate toward a bulk-tonnage, low-grade reality. The initial three holes alone do not support previous promotional comparisons positioning the project as one of the highest-grade antimony projects in North America.

Nevgold Corp. (NAU) is a Vancouver-based pre-revenue exploration and development company focused on gold and critical minerals in Nevada and Idaho. The company’s principal assets include the Limousine Butte property in Nevada, an oxide antimony-gold deposit with a Carlin-style profile and a maiden mineral resource estimate expected in July 2026; the Cedar Wash property in Nevada for gold-silver exploration; the Nutmeg Mountain property in Idaho, featuring near-surface oxide gold with a 2025 mineral resource estimate; and the Zeus property in Idaho for copper exploration.

Financially, the company reported no revenue. For the first quarter of 2026, Nevgold posted a net loss of C$1.39 million and held cash of C$8.49 million. Following a C$42.2 million financing, cash reserves were later reported at approximately C$45.5 million as of July 31, 2026. The company has 173,378,488 common shares outstanding.