Mr. Mark Bailey reports

NATION GOLD ADVANCES EXPLORATION PROGRAM AND DRILL PERMITTING AT BONITO GOLD-SILVER PROJECT IN NEW MEXICO

Nation Gold Corp. has provided a corporate and exploration update on its 100-per-cent-owned Bonito gold-silver project, located in the historic Nogal-Bonito mining district of Lincoln county, New Mexico. The company continues to advance exploration and permitting activities at the Bonito project. Recent activities include rock chip sampling, geological mapping, an airborne drone magnetic survey, and the engagement of additional geological and environmental consultants to support an expanded exploration program and advance permitting for an initial phase 1 drill program.

Highlights:

• Phase 1 exploration: initiated a geological mapping and rock chip sampling program over the Bonito property in collaboration with Rangefront Mining Services and ProDeMin USA LLC;
• Geophysical survey: completed a drone magnetic survey over the Bonito project;
• National Instrument 43-101 technical report: advancing the compilation and evaluation of historical and current exploration data toward the preparation of a technical report in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, for the Bonito project;
• Drill permitting advancement: preparing a proposed plan of operations (POO) application to support an initial phase 1 drilling program utilizing five drill pads for up to 15 drill holes. The company plans to submit the POO application to the applicable regulatory authorities in the near term;
• Environmental studies: engaged an independent environmental consulting firm to undertake environmental assessments, including biological surveys, in support of the proposed POO. Environmental consultants are expected to mobilize to the Bonito project in the coming weeks.

Mark Bailey, chief executive officer and director of Nation Gold, commented: "We continue to make meaningful progress at Bonito as we advance exploration, technical evaluation and permitting activities. We have commenced a comprehensive follow-up program with ProDeMin geologists that will include collecting more than 300 rock chip samples across prospective mineralized zones building on our initial limited sampling program and recently completed airborne magnetic survey. Importantly, we are also advancing preparations for a plan of operations application covering repair of the existing access roads and establishing five new drill pads for up to 15 drill holes. With experienced geological and environmental consultants engaged, our focus is on systematically advancing Bonito through the next stages of exploration and permitting. We believe the combination of a historically productive gold-silver district and a significantly expanded land position with limited modern exploration provides a compelling opportunity to evaluate Bonito's discovery potential."

Phase 1 exploration and geophysical surveys

Nation Gold has contracted for an initial geological mapping and limited widespread rock chip sampling program followed up by a more comprehensive rock chip sampling program, which is currently under way.

This initial program was designed to improve the company's understanding of the geological setting, identify prospective mineralized structures and generate additional information to support future exploration targeting.

The drone magnetic survey was undertaken to provide additional geophysical information that may assist in identifying geological structures, alteration patterns and lithological contacts. The drone survey utilized survey line spacing of approximately 50 metres at a nominal sensor altitude above ground level of 40 metres.

Nation Gold is compiling and interpreting the available geological, geochemical and geophysical information to support a more comprehensive exploration model. Additional rock chip sampling and geological mapping are currently under way across prospective areas of the property, including the main breccia zone, as part of the company's first phase exploration program.

Engagement of ProDeMin and expanded exploration program

Nation Gold has engaged ProDeMin, an independent specialized geological consultancy led by Dr. Craig Gibson, to execute a comprehensive fieldwork program, provide technical support, and assist with planning and co-ordinating the company's next phase of exploration at Bonito. Additional targeted rock chip sampling across planned drilling targets around the Great Western mine and the main breccia zone. The final report by ProDeMin will include a digital geological map and laboratory data processing.

ProDeMin personnel anticipate mobilizing to the property this month to commence a comprehensive rock chip sampling program, targeting prospective mineralized zones across the company's expanded land package, including the main breccia zone. The program is designed to systematically evaluate prospective gold-silver mineralization, improve the company's understanding of the geological and structural controls on mineralization, and identify and refine priority targets for future exploration drilling.

The planned program is expected to build upon the company's phase 1 exploration program and historical exploration database, with an emphasis on further geological interpretation, target refinement, rock chip sampling and systematic evaluation of prospective mineralized zones across the property. In parallel, Nation Gold, alongside ProDeMin, is advancing the compilation and review of historical and current technical information to support the preparation of a technical report for the Bonito project in accordance with NI 43-101.

Drill permitting application

The company is preparing a proposed POO application to support an initial phase 1 exploration drilling program. The proposed application contemplates five drill pads, each measuring approximately 30 feet by 70 feet. The company intends to minimize additional surface disturbance where practicable, subject to regulatory requirements and approval of the proposed exploration activities. Nation Gold anticipates submitting its POO application to the applicable regulatory authorities in the coming weeks.

Environmental studies

Nation Gold has engaged Cedar Creek Associates Inc., an independent United States-based environmental consulting firm, to assist with environmental assessments, biological surveys and regulatory permitting activities at the Bonito project. Cedar Creek will assist with the environmental baseline work and permitting requirements associated with the POO application, including biological surveys and other environmental assessments that may be required by regulatory authorities.

Cedar Creek is expected to mobilize to the Bonito project in the coming week to commence field investigations and advance the permitting process.

The company is working with its geological and environmental consultants to co-ordinate the proposed drilling program with the applicable regulatory requirements. The timing and commencement of drilling remain subject to receipt of all necessary regulatory permits and approvals.

Qualified person and disclosure

The scientific and technical information contained in this news release has been reviewed and approved by Mark Bailey, PGeo, CEO and director of the company and a qualified person (QP) as defined under NI 43-101. Mr. Bailey is not independent of the company. Mr. Bailey has verified the exploration data disclosed in this news release, including the sampling, analytical and test data underlying the information that has been collected by Nation Gold.

About ProDeMin USA LLC

Based in Vail, Arizona, with offices in Guadalajara and Hermosillo, Mexico, ProDeMin provides specialized quality and technology-driven services for mineral exploration, focusing on project management, technical reporting and field operations across North America.

About Cedar Creek Associates Inc.

Cedar Creek is a practical and specialized ecological consulting firm based in Ft. Collins, Colo. Cedar Creek provides biological, soil and risk assessment services to support environmental permitting and planning, regulatory compliance, and closure requirements. Cedar Creek's clientele include energy and mineral extraction companies, land developers and land management groups, and other clients whose projects disturb the land surface. Specializing in arid landscape reclamation design, the projects are located throughout the United States and internationally. Cedar Creek's interdisciplinary team of professional scientists brings a high level of expertise and common sense to the multifaceted challenges associated with soil and biological assessments, compliance solutions, land remediation and reclamation. Cedar Creek specializes in providing project-specific soils, vegetation and wildlife solutions in a cost-effective manner, and has done so successfully since inception in 1982.

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 gold-silver project in the Nogal-Bonito mining district of New Mexico. 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 markets professionals focused on acquiring potential multimillion-ounce precious metals 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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