Mr. Mark Bailey reports

NATION GOLD SIGNIFICANTLY EXPANDS LAND POSITION BY 140% AT THE BONITO PROJECT, COMPLETES PHASE 1-2026 EXPLORATION PROGRAM AND ENGAGES RANGEFRONT

Nation Gold Corp. has completed phase 1 of its 2026 maiden exploration program at its recently acquired flagship Bonito gold-silver project in New Mexico, along with the completion of strategic claim staking that significantly expands the Bonito project's footprint.

Highlights:

• Significant project expansion: staked an additional contiguous 35 claims, increasing the project footprint from 25 claims to a total of 60 claims, now covering approximately 1,400 acres, representing an increase in acreage of 140 per cent in the highly prospective Nogal-Bonito mining district;
• Completed phase 1 of maiden 2026 exploration program: completed phase 1 of the 2026 exploration program, including detailed geological mapping, rock sampling and target refinement (assays pending);
• Technical advancement: initial work focused on validating historical data, identifying structural controls and defining priority drill targets;
• Experienced technical consultant: engaged Rangefront Mining Services, a leading United States-based geological consulting firm, to assist with program execution, targeting and additional staking;
• Next steps: compilation and interpretation of results to guide a follow-up exploration phase, including potential geophysics and drill program planning.

Mark Bailey, chief executive officer and director of Nation Gold, commented: "The 140-per-cent expansion of our land position at Bonito is a strategic move that consolidates our footprint across a highly prospective and historically underexplored gold-silver system. Increasing the Bonito project to approximately 1,400 acres enhances our control over key geological trends and potentially positions us to systematically unlock value across the district. The completion of phase 1 marks an important milestone as we begin to apply modern exploration techniques to a project with compelling historical work but limited systematic follow-up. With assays pending and strong early indications from mapping and sampling, we believe Bonito has the potential to deliver meaningful new discoveries. Contracting with Rangefront brings a high level of technical expertise to our program as we advance toward defining high-priority drill targets and executing a disciplined exploration strategy as we advance drill-ready targets in 2026."

Bonito project expansion

The newly staked claims at the Bonito project were identified through a combination of historical data review, satellite imagery analysis and field reconnaissance completed during the initial phase of exploration. The expanded land package captures additional prospective structures and extensions of known mineralized trends, strengthening the company's position across the broader Bonito system. The claims are contiguous to the claims hosting the Bonito project. This expanded land package provides a broader footprint surrounding the Bonito project, which is expected to support future exploration.

The Bonito project is located in the historic Nogal-Bonito mining district in Lincoln county, New Mexico, a region with a long history of gold and silver production and exploration. Historical work in the district includes drilling, trenching and underground development by prior operators although much of the Bonito project remains underexplored using modern geological and geophysical techniques.

Maiden 2026 exploration program

Phase 1 of the 2026 exploration program is focusing on:

• Geological mapping to refine lithological and structural interpretations;
• Rock and soil sampling across priority target areas;
• Ground truthing historical drill and exploration data;
• Road repermitting for improved project access;
• Identification of new mineralized zones and extensions of known trends.

Next steps

Upon receipt of assay results, the company plans to:

• Target generation and refinement;
• Exploration program design and execution;
• Permitting and regulatory processes;
• Data integration and technical reporting;
• Finalize high-priority drill targets;
• Evaluate additional exploration techniques, including geophysical surveys;
• Advance permitting in preparation for a potential drill program in 2026;
• Continue systematic exploration across the expanded land package.

These initiatives are expected to position the company for its inaugural drill program at the Bonito project.

Qualified person and disclosure

All scientific and technical information contained in this news release is historical in nature unless otherwise stated. The technical content contained in this news release has been prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects). The scientific and technical information contained in this news release has been reviewed and approved by Mark Bailey, PGeo, chief executive officer and director of the company, a qualified person as defined under National Instrument 43-101. Mr. Bailey is not independent of the company. Mr. Bailey has not verified the historical exploration data disclosed in this press release, including the sampling, analytical and test data, as such data are historical and the original data are not readily available.

The company cautions that mineral exploration is speculative, and there is no guarantee that the company will be able to unlock value from the Bonito project or that the Bonito project will prove economically feasible.

About Nation Gold Corp.

Nation Gold is an exploration company based in Vancouver, B.C. The company recently acquired a 100-per-cent interest in the Bonito project in the Nogal-Bonito mining district of New Mexico, United States. The Bonito project was formerly in production in the late 1800s and has seen limited modern exploration, most recently in the 1980s and 1990s by Pioneer Metals and Placer Dome. The company is led by a team of mining, exploration and capital market professionals focused on acquiring potential multimillion-ounce precious metal deposits in Tier 1 mining jurisdictions. The company also has a 100-per-cent interest in the Cattle Creek project located near Vernon, B.C.

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