Mr. Cal Herron reports

NEVADA KING INTERCEPTS 1.43 G/T AU OVER 57.9M, 1.12 G/T AU OVER 45.7M & 1.15 G/T AU OVER 39.6M AT ATLANTA

Nevada King Gold Corp. has released assay results from six reverse circulation (RC) holes recently completed at its Atlanta gold mine project located 264 kilometres northeast of Las Vegas, Nev., in the prolific Battle Mountain trend.

Highlights

• Four of today's holes crossed the Atlanta mine fault zone (AMFZ) and were collared to fill in drill pattern gaps and better define feeder faults. Good lateral continuity in mineralization is present, with gold and silver grades ranging from 1.12 grams per tonne Au to 2.39 g/t Au and 24 g/t to 58.8 g/t Ag, while true thicknesses range from 22.9 metres to 57.9 metres. Mineralization within individual fault blocks are being better defined with closely spaced holes, thus adding definition to the grade distribution and highlighting the importance of high-angle faults that generally localize higher-grade and thicker mineralization.
• AT23NS-107 (39.6 m at 1.15 g/t Au) was a 17 m stepout to the south from previously released AT23NS-106 (41.2 m at 0.84 g/t Au) to test for lateral continuity of grade and thickness within the same fault block. These intercepts exhibit close agreement in grade, thickness and intercept depth, adding confidence to the company's understanding of the structural controls on the mineralization.
• Sited in the western portion of the West Atlanta graben zone (WAGZ), hole AT23WS-38 (50.3 m at 0.97 g/t Au) stepped out 40 m westward from previously released AT23WS-26 (30.5 m at 0.33 g/t Au) and shows a threefold increase in grade over a thicker interval, approaching the West Atlanta fault No. 2. Historical core hole DHRI-11-NRC5 is located approximately 15 m east of AT23WS-38 and intercepted 1.61 g/t Au over 61 m, and illustrates the variability in grade within the mineralized porphyritic dacite intrusive unit where grade is more structurally controlled compared with other portions of the resource zone.

Cal Herron, exploration manager of Nevada King, stated: "Today's results along Section 23-11N(2) are located in the central portion of the Atlanta resource zone and continue to be very positive. We know that the highest grades and thicknesses within the WAGZ occur in the southern portion of the resource zone along sections 4N through 9N and to the north along sections 14N through 17N, which is likely due to the presence of east-west-trending faults cutting across these portions of the Atlanta system. Such east-west-trending faults may also occur in the central portion of the WAGZ, where drilling density is lower and where several holes are pending that will ultimately be plotted on sections 12N and 13N. As more hole results come in, we'll get a much better handle on the grade distribution and in turn be more able to track higher-grade structural corridors through this thick, low-grade blanket."

Quality assurance/quality control protocols

All RC samples from the Atlanta project are split at the drill site and placed in cloth and plastic bags utilizing a nominal two-kilogram sample weight. CRF standards, blanks and duplicates are inserted into the sample stream on site on a one-in-20 sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in Reno, Nev., with full custody being maintained at all times. At American Assay Lab, samples were weighed then crushed to 75 per cent passing two millimetres and pulverized to 85 per cent passing 75 microns in order to produce a 300-gram pulverized split. Prepared samples are initially run using a four-acid plus boric acid digestion process and conventional multielement inductively coupled plasma optical emission spectroscopy analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 0.003 ppm (part per million) detection limit, with samples greater than 10 ppm finished gravimetrically. Silver samples that run greater than 100 ppm are also finished gravimetrically. Every sample is also run through a cyanide leach for gold with an ICP-OES finish. The QA/QC procedure involves regular submission of certified analytical standards and property-specific duplicates.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Mr. Herron, PGeo, who is a qualified person as defined by National Instrument 43-101.

About Nevada King Gold Corp.

Nevada King is the third-largest mineral claim holder in the state of Nevada, behind Nevada Gold Mines (Barrick/Newmont) and Kinross Gold. Starting in 2016, the company has staked large project areas hosting significant historical exploration work along the Battle Mountain trend located close to current or former-producing gold mines. These project areas were initially targeted based on their potential for hosting multimillion-ounce gold deposits and were subsequently staked following a detailed geological evaluation. District-scale projects in Nevada King's portfolio include (1) the 100-per-cent-owned Atlanta mine, located 100 km southeast of Ely; (2) the Lewis and Horse Mountain-Mill Creek projects, both located between Nevada Gold Mines' large Phoenix and Pipeline mines; and (3) the Iron Point project, located 35 km east of Winnemucca, Nev.

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