Gurnee, Illinois--(Newsfile Corp. - August 5, 2026) - North America Lithium and Gold Corp. (OTCID: NALG) (the "Company"), a U.S.-focused lithium, gold, beryllium, and critical minerals exploration company, is pleased to announce the completion of the third phase of advanced airborne hyperspectral target refinement at its 100%-owned Midnight Owl Project located within Arizona's historic White Picacho Pegmatite District.

The interpretation, completed by internationally recognized remote sensing expert David Coulter, PhD, focused on identifying hydrothermal alteration signatures prospective for gold mineralization across the Company's expanding land position.

The program identified a total of seven priority gold exploration targets, consisting of five discrete Target Points and two larger corridor-scale Target Traverses, significantly expanding the Company's understanding of the district's precious metals potential while providing multiple high-priority targets for future field verification and drill planning.

Seven Priority Gold Exploration Targets Identified

The advanced hyperspectral refinement program identified seven priority exploration targets distributed across the Midnight Owl Project.

These consist of:

• Five Target Points – Discrete, localized hyperspectral anomalies representing individual exploration targets.
• Two Target Traverses – Larger corridor-scale exploration targets characterized by numerous clustered hyperspectral responses interpreted to follow favorable geological and structural trends.

While Target Points represent localized exploration opportunities, the Target Traverses encompass broader hydrothermal alteration systems containing multiple clustered spectral responses, making them separate higher-order exploration targets.

Figure 1. Property-wide hyperspectral interpretation identifying the Company's seven priority gold exploration targets across the Midnight Owl Project. The interpretation outlines five discrete Target Points distributed throughout the property together with two corridor-scale Target Traverses, providing multiple independent exploration opportunities identified through advanced airborne hyperspectral refinement.

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Property-Wide Gold Exploration Model

Unlike traditional exploration methods that often focus on isolated occurrences, hyperspectral analysis allows multiple alteration signatures to be evaluated simultaneously across an entire district.

The seven priority targets identified during this program establish a diversified exploration pipeline spanning multiple areas of the Company's land package. Together, these targets demonstrate the presence of numerous hydrothermal alteration systems that warrant additional geological investigation.

The Company believes this systematic approach substantially enhances exploration efficiency by prioritizing future field programs toward the highest-confidence targets generated through airborne spectral analysis.

Target Traverse A – Priority Hydrothermal Corridor

In addition to the five Target Points, detailed interpretation identified Target Traverse A, one of two major corridor-scale exploration targets generated during the refinement program.

Target Traverse A is characterized by numerous clustered hyperspectral responses distributed throughout a continuous alteration corridor extending across multiple claims. Rather than representing a single anomaly, the traverse reflects a broader hydrothermal system where multiple alteration signatures occur along an interpreted structural trend.

The density and continuity of the spectral responses make Target Traverse A one of the Company's highest-priority gold exploration targets for future geological mapping, surface sampling, structural interpretation, and drill planning.

Figure 2. Detailed hyperspectral interpretation of Target Traverse A, highlighting a broad corridor-scale hydrothermal alteration system containing numerous clustered high- and moderate-confidence spectral responses. The continuity of alteration across the traverse supports interpretation of a structurally controlled exploration target for future field verification and drill prioritization.

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Target Traverse B – Second Priority Hydrothermal Corridor

The refinement program also identified Target Traverse B, representing a second independent corridor-scale exploration target elsewhere on the property.

Target Traverse B contains multiple concentrated clusters of high-confidence hyperspectral responses distributed along a favorable geological trend. Similar to Target Traverse A, the spectral continuity suggests a larger hydrothermal alteration corridor rather than an isolated mineral occurrence.

The identification of a second major traverse demonstrates that the Midnight Owl Project hosts multiple large-scale hydrothermal systems, further expanding the Company's exploration potential beyond individual Target Points.

Figure 3. Detailed hyperspectral interpretation of Target Traverse B, highlighting the second corridor-scale hydrothermal alteration system identified during the refinement program. Multiple clustered spectral responses define an additional priority exploration corridor targeted for future geological mapping, geochemical sampling, structural analysis, and drill-target evaluation.

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Additional Target Points

Beyond the two Target Traverses, the hyperspectral refinement program identified five discrete Target Points distributed across the property.

Each Target Point represents an individual localized alteration anomaly identified through airborne hyperspectral analysis and provides an additional exploration opportunity for future field verification.

These Target Points may represent isolated mineralized systems, structural splays, or extensions of larger hydrothermal trends that have yet to be fully understood through field investigation.

Together with the two Target Traverses, they provide a robust portfolio of exploration targets across the Company's land package.

The Company intends to integrate the hyperspectral interpretation with ongoing geological mapping, structural analysis, historical mine data, and geochemical sampling to further prioritize exploration activities.

Future work is expected to include:

• Geological mapping of all seven priority targets
• Surface rock and soil geochemical sampling
• Ground truth verification of hyperspectral anomalies
• Structural mapping of identified alteration corridors
• Prioritization of drill targets based on integrated geological interpretation

The Company believes the identification of seven priority gold exploration targets represents a significant advancement in understanding the Midnight Owl Project and demonstrates the effectiveness of advanced airborne hyperspectral technology in refining exploration opportunities across district-scale mineral systems.

"The completion of our hyperspectral refinement program represents a significant milestone for the Midnight Owl Project," said Mac J. Shahsavar, Chairman and CEO of North America Lithium and Gold Corp. "Over the past several weeks, we've announced high-priority lithium, beryllium, and now gold exploration targets, demonstrating the exceptional multi-commodity potential of our land position. What began as an effort to refine lithium exploration has evolved into a much broader understanding of the district, identifying multiple independent exploration opportunities that will help guide our future field programs. We believe these results significantly strengthen the exploration potential of Midnight Owl and provide a clear roadmap for systematic project advancement."

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About North America Lithium and Gold Corp.

North America Lithium and Gold Corp. (OTCID: NALG) is a U.S.-focused critical minerals exploration company advancing a diversified portfolio of lithium, gold, beryllium, and other strategic minerals. The Company's flagship Midnight Owl Project, formerly known in historical records as the Lithium King Mine, is located approximately 13 miles east of Wickenburg, Arizona, within the historic White Picacho Pegmatite District. NALG holds a 100% interest in the historic Midnight Owl Mine and an adjoining 5,000-acre land package comprising 244 lode claims, positioning the Company within one of Arizona's most prospective districts for lithium, gold, beryllium, and other critical minerals. Strategically located approximately 170 miles from three major battery gigafactories, the Company is leveraging advanced exploration technologies, including airborne hyperspectral imaging, to unlock district-scale, multi-commodity discovery potential while advancing its long-term objective of becoming a domestic supplier of strategically important critical minerals.

To learn more about North America Lithium and Gold Corporation, visit:

Corporate Website:
https://northamericalithium.com

Social Media:
X (Twitter): https://x.com/NALithiumGold
LinkedIn: https://www.linkedin.com/company/northamericalithium
Instagram: https://www.instagram.com/north_america_lithium_and_gold/
Facebook: https://www.facebook.com/profile.php?id=61555020521212#

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and other applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the Company's exploration plans, geological interpretations, hyperspectral target refinement, target prioritization, field verification programs, geochemical sampling, drilling, permitting, mineralization potential, capital raising activities, future operations, growth strategy, liquidity, financial performance, and other future events.

These statements are based on management's current expectations, estimates, assumptions, and beliefs and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Hyperspectral anomalies, interpreted alteration signatures, Target Points, and Target Traverses are exploration tools only and do not constitute evidence of mineralization, mineral resources, mineral reserves, or the economic viability of any mineral deposit. Exploration targets identified through hyperspectral analysis require additional geological mapping, geochemical sampling, and drilling before their significance can be determined.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect new information, future events, or otherwise.

For additional information regarding the Company's risks and uncertainties, please review its public disclosures available on OTC Markets at:

https://www.otcmarkets.com/stock/NALG/disclosure

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308073