Mr. John Watson reports

NV GOLD ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the company's press release dated Feb. 13, 2024, NV Gold Corp. is proceeding with a consolidation of the issued and outstanding common shares of the company on the basis of one postconsolidated share for every 10 preconsolidated shares. No fractional shares will be issued, as any fractional share will be rounded to the nearest whole number. The new Cusip number will be 67090W307, and the new ISIN (international securities identification number) will be CA67090W3075. The company's name and stock symbol will remain unchanged following the consolidation.

The consolidation will be effective at the opening of markets on Feb. 28, 2024. As a result of the consolidation, the 88,745,454 shares which are currently issued and outstanding will be reduced to approximately 8,874,545 shares, subject to rounding. The consolidation is subject to final confirmation by the TSX Venture Exchange.

Shareholders who hold their shares through a securities broker or other intermediary and do not have shares registered in their name will not be required to take any measures with respect to the consolidation. Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the preconsolidated shares to the company's transfer agent, Odyssey Trust Company, will receive a certificate representing the postconsolidated shares.

About NV Gold Corp.

NV Gold is a well-organized exploration company with no debt. NV Gold has 21 exploration projects in Nevada, comprising 639 100-per-cent-owned lode mining claims totalling 53.4 square kilometres (20.6 square miles). The company is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through mineral discoveries in Nevada, United States. Leveraging its expansive property portfolio, highly experienced in-house technical team and extensive geological data library, 2024 is expected to be highly productive for NV Gold.

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