Atlanta Gold Mine Project Approval For 47 Additional Drill Pads New Road Construction

VANCOUVER - Nevada King Gold Corp. has received a Finding of No Significant Impact, or "FONSI", from the Bureau of Land Management (BLM) as well as approval from the State of Nevada for a minor modification to its existing 45km2 Plan of Operations at the Atlanta Gold Mine Project along the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. This is the second modification successfully permitted by the Company and follows receipt of the first plan modification that was issued by the BLM in October 2024.

This is approval of the Company's existing Plan of Operations from the BLM allows for 47 additional drill sites and 1.9km of new drill road construction throughout the Atlanta District. The road construction contractor arrived at the project on January 29 and 650m of new roads along the South Quartzite Ridge Target (SQRT) have been completed. When completed, these new roads and pads will allow for drill-testing 600m of strike length within the SQRT's central portion, where CSAMT data suggest gold mineralization is potentially present 150m deep within a low resistivity horizon overlain by a highly resistive, barren quartzite cap.

Since inception of the Phase III drill program on October 16, 2024, Nevada King has completed 11,870m (covering 49 holes) of a total planned 20,000m of reverse circulation ("RC") drilling, with assays pending receipt and release. Two drill rigs are currently conducting operations at the site. Current drilling largely involves following up on technical insights gained from the Phase II drilling in an effort to expand mineralization along the SQRT southward from the resource zone and at the same time find new satellite deposits elsewhere within the Atlanta District. The Company is relying on CSAMT anomalies, surface sample anomalies, and several weakly mineralized historical drill holes to identify and test prospective target areas, most of which occur along a semi-circular ring fault zone bounding the eastern, southern, and western margins of the 7 km-wide Atlanta Caldera.

Cal Herron, Exploration Manager, said, “We are very pleased to see such quick action by the BLM and State of Nevada in finalizing their approvals for this important modification. This new modification adds more holes and new road access in the southern half of the SQRT, while more holes and cross-country travel routes have been added to the Silver Park region. This now allows us to offset existing holes at closer spacings plus follow structural trends seen in the CSAMT data."