Mr. John Sclodnick reports

NEVADA KING RECEIVES BLM APPROVAL FOR 482 ADDITIONAL DRILL SITES, ADDS THIRD DRILL RIG TO ACCELERATE FULLY FUNDED 40,000M DRILL PROGRAM

Nevada King Gold Corp. has received approval from the Bureau of Land Management (BLM) for the fifth and most extensive modification to its plan of operations (PoO Mod 5) at its 100-per-cent owned 130-square-kilometre Atlanta gold mine project in Eastern Nevada.

Highlights:

• PoO Mod 5 approval: The modification approves 78 additional reverse circulation (RC) drill sites and 404 rotary air blast (RAB) drill sites, enabling the company to aggressively follow up on key mineralized targets and test extensions across the property. This approval builds on the notice of intent permit to drill the Western Rim target, which was announced on April 28, 2026.
• Third rig mobilized: To accelerate the pace of discovery, the company has secured a third drill rig, an additional RC rig now being mobilized to site, joining the RC and RAB rigs already operating at Atlanta. Both RC rigs will run continuously on two 12-hour shifts, significantly increasing the pace of exploration drilling.
• Fully financed: With approximately $18.1-million in cash and equivalents, Nevada King remains fully financed to complete its 40,000-metre phase 4 RC drill program, of which approximately 12,000 metres have been drilled to date.

John Sclodnick, chief executive officer of Nevada King, stated: "Our team is excited to accelerate exploration at Atlanta as we return to several areas where prior drilling encountered mineralized gold and silver intercepts. We continue to experience tremendous benefits from our Nevada location, not just from the compelling mineral endowment, but also from the clear, predictable permitting pathway. Our fifth consecutive modification to the plan of operations demonstrates this permitting efficiency as well as the trusted relationship we have built with our regulators. We greatly appreciate the BLM's continued support and its thorough, efficient review, which was completed just two months after our formal submission."

The 482 drill sites approved today are primarily clustered in the Atlanta South, Silver Park and Western Rim target areas, and the company has benefitted from the combination of both RAB and RC drilling. RAB drilling provides the company with a rapid, low-cost and efficient method of drilling through overburden and testing bedrock to identify mineralization and tracer elements. RC drilling, meanwhile, will test targets identified through prior drilling and exploration work with the goal of intercepting economic mineralization. The total new area of disturbance under the PoO Mod 5 is 21.1 acres increasing the project total to 73.4 acres.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Nevada King vice-president, 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 M tonnes at 1.14 grams per tonne) plus an inferred resource of 99,000 oz Au (3.6 million tonnes at 0.84 g/t) based on $2,200 (U.S.)/oz Au and $25 (U.S.)/oz Ag. For the full particulars of the mineral resource, including the assumptions relating thereto, 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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