Further Significant Gold-Antimony Results At Limousine Butte Project

VANCOUVER - NevGold Corp. has discovered further significant gold-antimony historical drill results at its Limousine Butte Project in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada.

Further positive, near-surface, gold-antimony historical drillholes include: 1) LB-006: 2.46 g/t AuEq* over 86.9 meters (1.11 g/t Au and 0.30% Sb), including 5.75 g/t AuEq* over 12.8 meters (1.83 g/t Au and 0.87% Sb), and also including 6.77 g/t AuEq* over 6.7 meters (2.29 g/t Au and +1% Sb). 2) LB-001: 1.69 g/t AuEq over 63.9 meters (0.21 g/t Au and 0.33% Sb), including 4.10 g/t AuEq over 17.7 meters (0.38 g/t Au and 0.83% Sb), and also including 4.64 g/t AuEq over 6.4 meters (0.16 g/t Au and +1% Sb). 3) LB-003: 3.69 g/t AuEq over 22.3 meters (2.26 g/t Au and 0.32% Sb), including 8.55 g/t AuEq* over 7.9 meters (5.97 g/t Au and 0.57% Sb). 4) LB-004: 0.73 g/t AuEq* over 110.40 meters (0.19 g/t Au and 0.12% Sb), including 1.16 g/t AuEq over 36.6 meters (0.24 g/t Au and 0.21% Sb).

Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit; these holes are currently being re-assayed at American Assay Lab in Reno, Nevada without the 1% upper detection limit. Extensive gold-antimony mineralization: multiple zones, including Resurrection Ridge and Cadillac Valley, demonstrate significant potential across a large, open mineralized footprint. All areas at the Project with gold-antimony potential are permitted and ready to drill under the Limo Butte Plan of Operations (PoO). Historical geochemical rock chip sampling from the past-producing Golden Butte pit had numerous results with +1% antimony in jasperoid breccias, several results with +5% antimony, including a sample of 9.6% antimony with visible stibnite and stibiconite. NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony; large portions of the existing database were not analyzed for antimony creating a significant, low-cost opportunity to re-assay historical drilling.

NevGold will continue its active exploration program at Limo Butte including: 1) Evaluate the historical geological database with focus on gold and antimony (in progress). 2) Re-analyze historical drilling with focus on gold and antimony (in progress). 3) Drill test gold-antimony targets (subject to the results of the evaluation). 4) Initiate preliminary metallurgical studies (in preparation).

CEO, Brandon Bonifacio, said, “The further discovery of significant gold-antimony drill results in historical drillholes continues to be an important, emerging development at our Limo Butte oxide gold-antimony project. There are a number of holes that we are analyzing and re-assaying which highlight the significant gold-antimony potential at both Resurrection Ridge and Cadillac Valley, which are the two most advanced targets at the Project. The higher-grade oxide gold targets at Resurrection Ridge and Cadillac Valley coincide with the best antimony results and cover over 5km of strike length, creating a compelling dual-commodity opportunity. With the robust historical database, we have a number of holes to release with combined gold-antimony results, and the Project is also fully permitted and drill-ready for future exploration and drilling programs, which will expedite and simplify future field work programs. The timing and market conditions are opportune to re-awaken the gold-antimony potential at Limo Butte and the recent actions from the United States government with the newly passed Executive Order shows their commitment to advancing high-quality, domestic, mineral projects.”