Increase Of Phase III Program At Atlanta Gold Mine Project

VANCOUVER - Nevada King Gold Corp. reported on its regional drill program at its Atlanta Gold Mine Project along the prolific Battle Mountain Trend, 264km northeast of Las Vegas, Nevada.

To date, the Company has completed 88 widely spaced reverse circulation (RC) holes, totaling 21,300 metres, focused along the margins of the Atlanta caldera over an 18km2 area. Drilling has occurred at the 12 preliminary targets which were largely based on geophysical anomalies. Through drilling, these targets have evolved into three major exploration areas – Atlanta South (that includes the South Quartzite Ridge Target), Atlanta North, and Silver Park. Two RC drills are currently operating onsite, with one dedicated to testing early-stage targets at Atlanta North and Silver Park while the other rig concentrates on testing prospective host rocks beneath the quartzite cap at Atlanta South. The Company is waiting on assays for several key holes and expects to provide an initial release on Phase III drill results in the coming weeks. Drilling at Atlanta North and Silver Park has progressed faster than expected, while drilling at Atlanta South has been slower than expected due to challenges drilling through the Eureka Quartzite. As a result of initial findings of the ongoing drilling, the Company is pleased to announce an increase of its Phase III drill program from 20,000m to 30,000m.