Mr. John Watson reports

NV GOLD CORPORATION REPORTS POSITIVE ROCK CHIP SAMPLES RESULTS UP TO 9.63 G/T AU FROM TRIPLE T GOLD PROJECT

NV Gold Corp. has released assay results from the recently completed rock chip sampling program carried out at its 100-per-cent-owned Triple T gold project, located in the Humboldt range in Nevada. The project is situated seven kilometres east of the Rochester silver-gold operation and 42 kilometres southeast of the Florida Canyon gold mine.

During August of 2023, the company conducted a mapping and rock chip sampling program to extend the known near-surface, oxide gold mineralization of the northern portion of its Triple T property (refer to the news release from Aug. 21, 2023). Twenty-seven rock chip samples were taken, of which 24 returned gold values in the anomalous to high-grade range, with five samples between 2.71 grams per tonne (g/t) gold (Au) and 9.63 g/t Au. These samples will help to extend the potential target area by a kilometre to the north of the recently drilled area and a new zone with gold values over two g/t has been identified southwest of it. NV Gold is planning to follow up on these encouraging gold values of up to 9.63 g/t Au (0.34 ounce per ton (oz/t) Au) and will further evaluate the gold mineralization of the new zone. Future goals are to re-evaluate the full gold mineralization potential of this district-scale shear-zone-corridor, which includes the re-evaluation of the historical targets in the south. An IP (induced polarization) geophysical survey is also planned to reveal potentially larger erosion-protected targets to the east.

Previously reported highlights:

• Assays from the recently conducted drilling program: 4.57 metres (m) averaging 2.40 g/t Au in TT-9 and 9.14 m averaging 1.39 g/t Au in hole TT-11;
• Confirmation of a major low-angle thrust plane (shear zone) controlling the Triple T gold mineralization over a strike length of up to five kilometres and proof of concept that mineralized host lithology extends underneath Upper Limestone to the east.

John Watson, chairman of NV Gold, stated:

"Our recent successful drilling at Triple T, combined with detailed geologic mapping and structural interpretation, has illuminated new targets and expanded dimensions for this project. Recent sampling of numerous outcropping quartz veins north of the drilling area has the potential to enlarge the mineralized zone even further. We are very pleased with the results of the program and are excited about the potential of the project going forward."

John R. Kerr, PEng, is a qualified person within the meaning of National Instrument 43-101, and has reviewed and approved the technical information contained in this news release.

Quality assurance and quality control (QA/QC), and sample analysis

The company has implemented a quality control program to ensure best practices in sampling and analysis of the chip samples. The chips of the entire hole are collected at the drill site, and logged and split into an eighth sample using a rotating sample splitter. The eighth sample is then securely shipped to the ALS Global Laboratory in Elko, Nev. During sample collection and assaying, there is an established QC procedure using standards and blanks inserting each at 30-m intervals in each hole.

At the laboratory, samples are crushed and pulverized in preparation for analysis. The samples are analyzed for gold using fire assay with AA (atomic absorption) finish.

About NV Gold Corp.

NV Gold is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through its gold exploration efforts in Nevada and by leveraging its expansive property portfolio.

We seek Safe Harbor.