Mr. John Watson, a shareholder, reports

JOHN WATSON FILES EARLY WARNING REPORT

Effective on Aug. 20, 2026, John Watson (the acquiror) has acquired ownership of 900,000 common shares of NV Gold Corp. on exercise of share purchase warrants at 30 cents per warrant for proceeds of $270,000.

Prior to the transaction, the acquiror directly and indirectly owned and controlled an aggregate of:

• 16,311,791 shares;
• 70,000 shares issuable on exercise of stock options;
• 8,342,143 shares issuable on exercise of warrants.

The shares represented 50.24 per cent of the 32,469,789 issued and outstanding shares as of Aug. 19, 2026, the date prior to the issuance of the shares, on a non-diluted basis. If the acquiror were to exercise the stock options and the warrants, the acquiror would directly and indirectly own and control 24,723,934 shares, or 60.48 per cent of the issued and outstanding shares calculated on a partially diluted basis.

Following the transaction, the acquiror directly and indirectly owns and controls an aggregate of:

• 17,211,791 shares;
• 70,000 shares issuable on exercise of stock options;
• 7,442,143 shares issuable on exercise of warrants.

The shares represent 51.58 per cent of the 33,369,789 issued and outstanding shares as of Aug. 20, 2026, the date of the issuance of the shares, on a non-diluted basis. If the acquiror were to exercise the stock options and the warrants, the acquiror would directly and indirectly own and control 24,723,934 shares, or 60.48 per cent of the issued and outstanding shares calculated on a partially diluted basis.

The acquiror has filed an early warning report pursuant to National Instrument 62-103F1, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, describing the above transactions with the applicable securities regulatory authorities. A copy of the early warning report is available on SEDAR+ under the profile of the company.