NEVADA KING GOLD CORP NEW - NKGFF STOCK NEWS

Nevada King Gold has initiated its Phase III regional drill program at the Atlanta Gold Mine Project in Nevada. The program encompasses 20,000 meters of drilling across 80 drill targets throughout the Atlanta district. Two reverse-circulation drills are being deployed, with the first having completed three holes at the Jumbo and Northeast Target areas. Road construction at the South Quartzite Ridge Target (SQRT) is progressing ahead of schedule and under budget. The program aims to drill through the quartzite cap into a low resistivity zone, following up on previous results that included 6.28 g/t Au over 54.9m in hole AT24HG-41.

Nevada King Gold Corp. (NKGFF) has announced significant drill results from its Atlanta Gold Mine Project. Core hole AT23WS-44C intercepted 3.95 g/t Au over 106.7m including 9.39 g/t Au over 38.4m, while AT23WS-52 intersected 2.29 g/t Au over 123.5m including 5.24 g/t Au over 35.1m. The drilling revealed a large mineralized area measuring 250m E-W by 170m N-S with consistent oxide mineralization in the northern portion of the West Atlanta Graben Zone. The company completed 39 holes during Phase I and II drilling, increasing drilling coverage by 84% from historical data.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has commenced its Phase III drill program at the Atlanta Gold Mine Project in Nevada. The company reported significant gold mineralization in the Wild West Target (WWT), with hole AT24WS-84 intercepting 4.32 g/t Au over 9.1m. This extends mineralization 420 metres west of the previously known extent.

Key highlights include:

• AT24WS-84 represents the westernmost high-grade gold intercept at Atlanta
• The hole bottomed in mineralization, suggesting potential for deeper gold zones
• 11 initial drill pads prepared to test WWT further 500m west
• WWT area currently defined as 500m long and 200m wide, open to the west
• Company plans to mobilize a second drill rig for regional exploration

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has received a Finding of No Significant Impact (FONSI) from the U.S. Bureau of Land Management for a minor modification to its existing 45km2 Plan of Operations at the Atlanta Gold Mine Project. This approval paves the way for the company's Phase III regional drill program, which includes:

1. A 59-hole program testing 12 regional targets
2. New road construction along the South Quartzite Ridge Target (SQRT)
3. Ten drill pads to test the northern portion of the 2.5km long SQRT
4. Sixteen additional drill sites along the west side and southern extent of the SQRT

The SQRT recently yielded a discovery of 6.28 g/t Au over 54.9m at its northern end. This campaign marks the first comprehensive drilling of this target, which is located along trend of the Atlanta resource zone and coincides with a major anticline believed to be important in the area's mineralization.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has appointed John Sclodnick as the Company's President, effective November 1, 2024. Sclodnick, who has over a decade of experience in equity research, will report to Collin Kettell, Nevada King's Founder, CEO, and Director. Previously, Sclodnick led the mining equity research team at Desjardins Capital Markets since 2021 and has covered precious metals companies, including Nevada King.

The appointment aims to strengthen the management team and advance the Atlanta Gold Mine Project, which the company believes represents one of the most exciting gold discoveries in the Great Basin. Sclodnick brings institutional relationships, strategic guidance, and expertise in financing, market awareness, and investor relations to the role.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has identified seven additional regional targets for its upcoming Phase III drill campaign at the Atlanta Gold Mine Project in Nevada. These targets, covering a 6.6km² area, are located west and southwest of the historical Atlanta pit. They include the Outlaw, Mustang, Corral, Silver Park East, Silver Park West, Rangefront, and Western Knolls Targets.

The targets are aligned along a major east-west basement lineament, contiguous with the current resource zone and the Wild West Target. They are associated with low resistivity zones, likely related to shallow intrusive activity, and are proximal to deep, inferred granitic intrusions. This proximity to igneous stocks is considered favorable for large Nevada gold deposits.

The company's increased understanding of gold mineralization types and controls has improved its ability to integrate knowledge with geophysical and geochemical data, enhancing exploration potential across the Atlanta District.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has announced assay results from twenty reverse circulation holes and one core hole at its Atlanta Gold Mine Project in Nevada. Highlights include:

- Hole AT23NS-120C: 53.8m of 4.10 g/t Au and 32.9 g/t Ag
- Hole AT23NS-171: 35.1m of 3.59 g/t Au and 37.1 g/t Ag
- Hole AT23NS-172: 24.4m of 1.76 g/t Au and 440.6 g/t Ag

The results confirm high-grade mineralization in the Atlanta Mine Fault Zone and West Atlanta Graben Zone. The company's relogging campaign has identified two distinct types of intrusive or silica breccia units, which will inform future exploration efforts. Nevada King plans to use this new understanding in its regional exploration program, relying on CSAMT signatures to identify additional mineralized zones.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has identified five new high-priority drill-ready regional exploration targets at its Atlanta Gold Mine Project in Nevada. The targets - Lone Ranger, Northeast, Crossroads, Bounty, and Jumbo - cover a combined 13.9km2 area north and northeast of the historical Atlanta Mine.

These targets were identified using geophysical data from CSAMT, drone magnetics, and gravity surveys. They occur where intrusive bodies coincide with major basement faults that potentially channeled gold-bearing fluids. The company plans a Phase III regional drilling program to test these targets, pending BLM approval.

The targets are mostly buried under barren dolomite, post-mineral volcanics, and alluvium. Three have never been drill-tested, while two have a few shallow historical holes. This exploration strategy follows recent discoveries near the Atlanta resource zone based on CSAMT signatures.

Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) has acquired an option to purchase a 100% interest in the Silver Park property, located within the Atlanta Project boundary in Lincoln County, Nevada. The property, consisting of three contiguous patented land parcels totaling approximately 24 hectares, adds private ground to the Atlanta Project, offering increased flexibility for permitting and potential future mining infrastructure. The option agreement involves the issuance of 100,000 common shares to Ofor Silver, at a deemed value of $0.41 per share, totaling $41,000. Nevada King can exercise the option by paying US$75,000 before July 30, 2034. The Silver Park area has a history of silver and gold mineralization discovery dating back to 1869, with production and shallow mineralization identified through drilling in 1975.