Mr. Brandon Bonifacio reports

NEVGOLD APPOINTS SCOTT BENSING AS INDEPENDENT NON-EXECUTIVE DIRECTOR; KEY US-BASED EXTERNAL AND GOVERNMENT RELATIONS BOARD APPOINTMENT TO SUPPORT STRATEGIC INITIATIVES

Nevgold Corp. has appointed Scott Bensing to its board of directors as an independent non-executive director, effective immediately.

Mr. Bensing has over 25 years of experience in external relations and government affairs at both the state of Nevada and federal levels from his base in Nevada. He is a former executive director of the National Republican Senatorial Committee and Senate Leadership staff member. He has served in senior staff positions in both the United States House of Representatives and U.S. Senate, including service as the first chief of staff to U.S. Senator John Ensign. Having risen to the highest levels of service in both crafting federal policy and leading national political campaigns, Mr. Bensing has proven that he is uniquely qualified in navigating legislative and regulatory affairs.

Mr. Bensing first went to Capitol Hill as a naval officer working for the Secretary of the Navy as a congressional liaison officer. He served at sea during Operation Desert Shield/Desert Storm in the first Persian Gulf War and as an aide to the admiral commanding the NATO Standing Naval Force. Heavily involved in community efforts in Nevada, Mr. Bensing currently serves on the board of the Tahoe Fund and was appointed to the board of the Tahoe Transportation District by Governor Joe Lombardo. He was recently elected to serve as chairman of the veteran-focused non-profit PTSDNOW! Mr. Bensing is a past chairman of the Nevada Military Support Alliance, was appointed by Governor Sandoval as state commissioner of the Interstate Compact on Educational Opportunities for Military Children, and to the board of the Nevada Institute for Autonomous Systems.

Mr. Bensing holds a BS degree in political science from the U.S. Naval Academy in Annapolis, Md., and master's degree in public administration from The American University in Washington, D.C.

Brandon Bonifacio comments: "We are pleased to welcome Scott to the Nevgold board. His impressive track record will be invaluable to the company as we continue our efforts around our antimony-gold Limo Butte project in Nevada. Scott's experience at both the state of Nevada and federal level will be key to our efforts in advancing strategic discussions around the project. After completion of our recently announced maiden mineral resource estimate (MRE), we have defined a highly strategic, domestic antimony resource that has significant implications to the national security of the United States."

Grant of options

The company announces that it has granted an aggregate of 4.85 million stock options of the company to certain directors, officers and consultants of the company. Each stock option entitles the holder to acquire one common share of the company at an exercise price of $1.50 per share with expiry of July 30, 2031. The stock options were issued pursuant to the terms of the company's omnibus equity compensation plan.

Engagement of marketing consultants

The company has continued its engagement with Equedia Network Corp., based in Vancouver, Canada, to provide advertising, press release distribution, native advertising of editorial and additional services as may be determined. The program will utilize non-generic marketing channels to provide the company exposure to fresh investment audiences. The advertising program is comprised of an initial three-month term that started on Feb. 24, 2026, for $250,000 that has been completed and a further estimated three-month term that started on July 10, 2026, for an additional $250,000. The company paid for the advertising program upfront on the commencement of each term. Equedia Network was initially engaged by the company as outlined in news releases dated June 3, 2025, and June 4, 2025. The services provided by Equedia Network are mainly rendered by Ivan Lo. Equedia Network and its principals have an arm's-length relationship with the company. Equedia Network and its principals currently own 2,353,750 shares and 585,000 warrants of the company.

Additionally, Nevgold announces that it has entered into a media agency agreement dated April 17, 2026, with Global One Media Group Pte. Ltd., who is based in Singapore, for an initial 12-month period that commenced on May 1, 2026, and will continue on a month-to-month basis thereafter. Under the agreement, Global One provides a comprehensive suite of services, including digital advertising, media creation, social media marketing and shareholder communications. In consideration of its services, the company paid Global One an upfront cash fee of $21,000 (U.S.) on May 1, 2026, for the first three months of the engagement, and will pay Global One a $7,000 (U.S.) monthly cash fee thereafter. After an initial six-month period, the agreement can be terminated by the company with 30 days prior written notice. The services provided by Global One are mainly rendered by Bastien Boulay. Global One and its principals do not currently have any interest in the company or the securities of the company. Global One and its principals have an arm's-length relationship with the company.

The engagements of Equedia Network and Global One are subject to the approval of the TSX Venture Exchange.

About Nevgold Corp.

Nevgold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. Nevgold owns a 100-per-cent interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.

We seek Safe Harbor.