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4901-0575-0836.1

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

PRESS RELEASE

MICHAEL A. PARKER ACQUIRES SECURITIES OF NEVADA KING GOLD CORP.

Toronto, Ontario, April 22, 2025 - Michael A. Parker (the "Acquirer") announces that he has indirectly acquired ownership and control of 22,103,564 common shares (the "Subject Shares") of Nevada King Gold Corp. (the "Company" or "Nevada King"), effective April 22, 2025 (the "Acquisition").

The Subject Shares were acquired from treasury pursuant to a private placement completed by Nevada King (the "Private Placement"), and not through the facilities of any stock exchange. The Subject Shares represent approximately 5.2% of all issued and outstanding common shares of the Company ("Shares") as at April 22, 2025, resulting in a corresponding change to the aggregate percentage ownership of the Company by the Acquirer.

Immediately before the Acquisition, the Acquirer and his joint actors held an aggregate of 62,643,000 Shares, representing approximately 16.6% of the issued and outstanding Shares, of which the Acquirer held 763,372 Shares representing less than 1% of the issued and outstanding Shares, and his joint actors held 61,879,628 Shares representing approximately 16.4% of the issued and outstanding Shares. Immediately following the Acquisition, the Acquirer and his joint actors held 84,746,564 Shares representing approximately 19.9% of the issued and outstanding Shares as at April 22, 2025, of which the Acquirer held 763,372 Shares representing less than 1% of the issued and outstanding Shares, and his joint actors held 83,983,192 Shares representing approximately 19.8% of the issued and outstanding Shares immediately following the completion of the Acquisition.

The Subject Shares were acquired pursuant to the Private Placement at a purchase price of $0.25 per share, for aggregate consideration of $5,525,891. The holdings of securities of the Company by the Acquirer are managed for investment purposes, and the Acquirer and/or his joint actors could increase or decrease their respective investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Michael A. Parker, 4525 N. Rubicon Ave., Phoenix, AZ 85018, Tel: (602) 625-4049.