Mr. John Watson reports

NV GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

NV Gold Corp., further to its news release of Jan. 13, 2026, has completed its non-brokered private placement, whereby it issued 2,079,002 units at a price of 20 cents per unit for gross proceeds $415,800.40. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant is exercisable at a price of 50 cents and expires two years from the date of issuance, subject to an acceleration right held by the company if the shares have a closing price of over 50 cents per share for a period of three consecutive trading days at any time from the date that is four months and one day after the closing on the TSX Venture Exchange, in which case the company may accelerate the expiry of the warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the warrants) and, in such case, the warrants will expire on the 30th day after the date of such notice.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after closing of the offering.

The aggregate gross proceeds from the offering are expected to be used for general working capital.

About NV Gold Corp.

NV Gold is a well-organized exploration company with approximately 26.2 million shares issued and no debt. NV Gold has 12 exploration projects in Nevada and one in Switzerland. The company has three priority projects, including Slumber, Triple T and SW Pipe. The company is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through mineral discoveries in Nevada. Leveraging the company's expansive property portfolio, its highly experienced in-house technical team and its extensive geological data library, 2026 promises to be highly productive for NV Gold.