Mr. Cal Herron reports

NEVADA KING INTERCEPTS 1.41 G/T AU OVER 76.2M, 1.86 G/T AU OVER 53.4M, 1.80 G/T AU OVER 48.8M & 2.51 G/T AU OVER 32.0M, EXTENDS MINERALIZATION WESTWARD ACROSS THE WEST ATLANTA GRABEN ZONE

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 (km) northeast of Las Vegas, Nev., in the prolific Battle Mountain trend.

Highlights:

• These six holes concentrated on in-filling a sizeable information gap at the southwest corner of the historical pit along the Atlanta mine fault zone (AMFZ). Both southward and northward directed angle holes successfully tied mineralization to adjacent Sections 22-5N and 22-7N by bridging across a large pit collapse zone that has prevented vertical drilling within this part of the resource area since cessation of mining in 1985.
• Intercepts across this previously untested, approximately 100-metre-wide zone range in grade from 4.91 grams per tonne (g/t) gold (Au) and 41.4 g/t silver (Ag) to 1.41 g/t Au and 13.5 g/t Ag, with estimated true thicknesses ranging from 21 metres (m) to 52 m. Highlight intervals in this segment include 4.91 g/t Au and 41.4 g/t Ag over 39.6 m in AT23NS-131C (previously released Jan. 9, 2024), 1.41 g/t Au and 38.8 g/t Ag over 76.2 m in AT23NS-168 and 1.86 g/t Au and 34.1 g/t Ag over 53.4 m in AT23NS-167A.
• On the west side of the West Atlanta graben zone (WAGZ), AT23WS-50 returned 68.6 m grading 0.343 g/t Au, indicating a drop in grade west of the West Atlanta fault No.2 (WAF2), currently considered to be the western margin of the WAGZ. For reference, previously released AT23WS-39 is located 30 m to the east on the opposite side of the WAF2 and intersected 91.5 m of 0.96 g/t Au.

Cal Herron, PGeo, exploration manager of Nevada King, stated: "Unstable ground conditions at the southwestern corner of the historical Atlanta pit have been a thorn in the side for every operator at Atlanta, Nevada King included. The collapsed pit wall precluded any drill evaluation of shallow mineralization within a 100-metre-by-100-metre area that is surrounded on three sides by holes containing high-grade gold hits, thus indicating similar potential directly underneath the collapsed zone. We have finally angle-drilled shallow holes underneath the collapse zone from locations along sections 22-4N and 22-8N, thereby in-filling the data gap that previously existed on lines 22-5N, 22-6N and 22-7N. Intercept results demonstrate good lateral continuity of moderate gold grade within this portion of the AMFZ and firmly tie the Gustavson 2020 resource model's southwestern margin to the mineralization previously drilled by Nevada King in 2021 to 2022 along the eastern and southern sides of the Atlanta pit -- mineralization that extends approximately 150 m south-southeast of the existing resource zone and remains open for further expansion."

QA/QC (quality assurance/quality control) protocols

All RC (reverse circulation) 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 (mm) 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 ICP-OES analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 3-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 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.

We seek Safe Harbor.