File: Attachment 20240322_NKG_Early Warning Press Release_MIchael Parker.pdf

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

NEWS RELEASE MICHAEL A. PARKER ACQUIRES SECURITIES OF NEVADA KING GOLD CORP.

Toronto, Ontario, March 22, 2024 Michael A. Parker (the "Acquirer") announces that he has indirectly acquired ownership and control of 12,000,000 common shares (the "Subject Shares") of Nevada King Gold Corp. (the "Company" or "Nevada King"), effective March 22, 2024 (the "Acquisition").

The Subject Shares were acquired pursuant to a private placement transaction and represent approximately 3.5% of all issued and outstanding common shares of the Company ("Shares") as of March 22, 2024, resulting in a corresponding change to the aggregate percentage ownership of the Company by the Acquirer.

Immediately before the Acquisition, the Acquirer and his joint actors held an aggregate of 31,550,436 Shares, representing approximately 10.01% of the issued and outstanding Shares, of which the Acquirer held 763,372 Shares representing approximately 0.2% of the issued and outstanding Shares, and his joint actors held 30,787,064 Shares representing approximately 9.8% of the issued and outstanding Shares. Immediately following the Acquisition, the Acquirer and his joint actors held 43,550,436 Shares representing approximately 12.7% of the issued and outstanding Shares at March 22, 2024, of which the Acquirer held 763,372 Shares representing approximately 0.2% of the issued and outstanding Shares, and his joint actors held 42,787,064 Shares representing approximately 12.5% of the issued and outstanding Shares immediately following the completion of the Acquisition.

The Subject Shares were acquired for an aggregate purchase price of $4,200,000 in a private placement and not through the facilities of any stock exchange The holdings of securities of the Company by the Acquirer are managed for investment purposes, and the Acquirer and/or his joint actors could increase or decrease their respective investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Michael A. Parker, 6700 E. Caron Drive, Paradise Valley, Arizona, 85253, Tel: (602) 625-4049.