Atlanta Gold Mine Project Phase Two Drill Program

VANCOUVER - Nevada King Gold Corp. reported the final set of results from its Phase II drill program at its 12,000 hectare (120km2) Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. The results are from 12 holes, with one core hole for metallurgical testing purposes and the remainder reverse circulation (RC) holes - three vertical RC holes are located along Section 22-9N(3), two holes are located 150m away from the resource and outside the previously known mineralized area, while the other seven RC holes are around the Atlanta Resource area.

Two holes hit shallow high-grade gold starting 15m beneath the pit floor. AT23NS-119 intercepted 2.44 g/t Au and 55.8 g/t Ag over 90.0m while core hole AT23NS-117C, sited to provide samples of near-surface mineralization for ongoing metallurgical analysis, intercepted 3.17 g/t Au and 41.4 g/t Ag over 60.1m in densely silicified breccia. These holes confirm the complex faulting present in the Atlanta Mine Fault Zone (AMFZ) and continue to show the high-grade mineralization that is present in this zone.

AT23HG-40 intercepted 4.97 g/t Au and 162.9 g/t Ag over 27.4m and was sited on the west side of the pit to test the West Atlanta Fault ("WAF"). The silver grade was the third highest ever drilled on the property and the hole sampled the upper high-grade gold and silver zone but did not reach the lower high-grade zone where both grade and thickness tend to be greater. Even so, the hole demonstrates continuity of high grades and serves to refine the WAF's location within this portion of the resource zone. AT24WS-86 (1.35 g/t Au and 4.0 g/t Ag over 30.5m) and AT24WS-87 (0.18 g/t Au and 33.0 g/t Ag over 30.5m) were drilled roughly 150m west of the resource area. The historical holes drilled nearby and further west were not deep enough to intercept the mineralized zone, and it was previously thought this area was closed off to mineralization. These new results show mineralization continuing west and the potential for a faulted offset which was down dropped further west where high grades could occur along the fault.

Cal Herron, Exploration Manager, said, "The Phase II drill program has been instrumental in refining our understanding of the Atlanta resource zone and surrounding area. As shown in Figure 1, our drilling has more than doubled the known mineralized footprint at Atlanta, marking a significant increase compared to the existing NI 43-101 resource. Mineralization remains open and along trend to the north, south, and west. Our ongoing Phase III drilling now aims to expand this mineralization with the goal of defining additional mineralized zones throughout the Atlanta district to unlock its full potential."