Plans For Exploration Program And Commencement Of Drilling At Sandy Project

VANCOUVER - NV Gold Corporation reported on plans for the 2022-2023 exploration and drilling program for its six highest priority projects in Nevada. The Company has secured a drill rig and has initiated drilling at its Sandy Project. Additionally the Company is in the process of completing a detailed strategic analysis and field investigation of the 31 targets identified by Goldspot Discoveries Corp's review of NV Gold's Data Library using its proprietary AI technology (see press release dated August 11, 2022 on the Company's website at www.nvgoldcorp.com). This review is intended to identify longer term prospective projects to continuously add to NV Gold's project pipeline.

Plans are: Sandy: 1) 2-4 Reverse Circulation holes for a total of ~600 meters. 2) Test significant IP anomaly on strike with successful drill hole intercepts. 3) Start Date: Early September 2022. Triple T: 1) 10 Reverse Circulation holes for a total of ~1,000 meters. 2) Test for high-grade vein mineralization and disseminated oxides. 3) Start Date: Early/Mid- October 2022. Pickhandle: 1) 3 Reverse Circulation holes for a total of ~350 meters. 2) Test for sediment/carbonate mineralization. 3) Start Date: Late October 2022. Spanish Canyon: 1) 3 Reverse Circulation holes for a total of ~350 meters. 2) Test for sediment/carbonate mineralization. 3) Start Date: Mid-November 2022. Discovery Bay: 1) 2 Reverse Circulation holes for a total of ~600 meters. 2) Test Southern two targets (high chargeability and Hg anomalies). 3) Start Date: ~Q1 2023. Slumber: 1) 2 Diamond Core holes for a total of ~500 meters. 2) 2 Reverse Circulation holes for a total of ~400 meters. 3) Confirm Reverse Circulation bias (if any); test system depth and northern high-grade potential. 4) Start Date: Q1 2023.

Thomas Klein, VP Exploration, said, "I am excited about the exploration program we have in front of us. For the past two years, it has been challenging to engage drill rigs in Nevada with qualified teams. We are fortunate to have recently engaged Envirotech to commence our 2022-2023 exploration program. We have priority targets on several projects and expect significant field activity with respective news flow over the course of the next several months. I am optimistic that we could have several significant discoveries. Additionally, the targets identified by Goldspot provides a portfolio of high potential targets to add to our already large land package in Nevada."