Mr. John Sclodnick reports

NEVADA KING COMPLETES PURCHASE OF SILVER PARK PATENTED MINING CLAIMS

Nevada King Gold Corp. has completed the purchase of the Silver Park claims after satisfying the requirements of the option agreement announced in September, 2024. Including the most recent payment as consideration, the company has paid Ofor Silver LLC, a total of $75,000 (U.S.), in addition to the 100,000 common shares issued to Ofor on July 30, 2024, in exchange for three contiguous patented lode mining claims covering approximately 24 hectares, located approximately two kilometres from the Atlanta resource zone.

John Sclodnick, chief executive officer of Nevada King, commented: "Not only has the Silver Park target area become a key focus of our phase III regional exploration program with gold and silver mineralization now confirmed over a 450 m by 300 m footprint with clear expansion potential, but the patented claims acquired offer significant flexibility from a permitting perspective in potential future development scenarios."

Research agreement

Further to its news release of Oct. 21, 2025, Nevada King clarifies its disclosure regarding its agreement with Atrium Research Corp., a leading company-sponsored research firm located at 906-81 Navy Wharf Court, Toronto, Ont., M5V 3S2, to provide research reports on the company based on publicly available information, industry data, and discussions with management and to host three recorded interviews with the company's management team. Atrium provides the services in exchange for an upfront cash fee of $40,000. The term of the services runs from Oct. 22, 2025, to Oct. 22, 2026. At the end of the term, the agreement will be deemed to remain in place and be extended on a month-to-month basis at $3,500 per month, unless otherwise agreed to by the parties or the agreement is terminated by either party. The company's engagement of Atrium remains subject to the approval of the TSX Venture Exchange.

Atrium and the company are arm's-length parties and neither Atrium nor its insiders hold any common shares of the company or securities convertible into common shares of the company.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Nevada King, vice-president of exploration, Justin Daley, PGeo, a non-independent qualified person as defined by National Instrument 43-101.

About Nevada King Gold Corp.

Nevada King is focused on advancing and growing its 100-per-cent-owned, past-producing, 130-square-kilometre Atlanta gold mine project located along the Battle Mountain trend in southeast Nevada. The project hosts a National Instrument 43-101-compliant pit-constrained oxide resource of 1.02 million ounces Au in the measured and indicated category (27.7 million tonnes at 1.14 g/t) plus an inferred resource of 99,000 oz Au (3.6 million tonnes at 0.84 g/t). See the NI 43-101 technical report titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA," with an effective date of Sept. 6, 2024, and a report date of July 18, 2025, as prepared by RESPEC (formerly Mine Development Associates) and filed under the company's profile on SEDAR+.

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