Phase II Drilling Program Expanded At The Atlanta Gold Mine Project Battle Mountain Trend

VANCOUVER - Nevada King Gold Corp. reported an increase to its 2022 Phase II resource expansion and definition drilling program at its 5,166 hectare (19.94 square mile), 100% owned Atlanta Gold Mine Project, located in the Battle Mountain Trend 264km northeast of Las Vegas, Nevada. The Phase II drill program was initially designed to include 13,100m in 100 holes. To date, Nevada King has completed 95 reverse circulation ("RC") holes totaling 9,651m, 13 RC pre-collar holes totaling 1,835m, and 14 core holes totaling 1,532m, for a grand total of 13,018m. Based on the positive initial assay results and the numerous high priority drill targets that demand testing, the Company now intends to continue drilling until winter weather impedes further progress. It is expected that the drill program will expand 20% and will now exceed 16,000m of total drilling.

Results from Phase II drilling include high-grade oxide hosted intervals of 120.4m of 1.49 g/t Au and 57.9m of 1.38 g/t Au, located south and southeast of the Atlanta pit, as well as 54.9m of 3.41 g/t Au, 50.3m of 2.65 g/t Au, and 51.8m of 2.23 g/t Au, starting from surface at the bottom of the Atlanta pit. Drilling continues to target high-grade gold mineralization along the Atlanta Mine Fault Zone ("AMFZ"), westward and southwestward from last year's drilling. Assays from these target areas returned high-grade intercepts including 41.2m of 3.94 g/t Au, 64m of 3.35 g/t Au, and 54.9m of 5.34 g/t Au, starting at surface from within the Atlanta pit. 10,561m of combined core and RC are pending assay from American Assay Labs in Reno, Nevada.

Exploration Manager, Cal Herron, P.Geo., said, "Drilling at Atlanta is advancing at a fast and expansive pace. We initially planned our Phase II drill program to include 13,100m in 100 holes. We are pleased to reach that milestone well ahead of schedule and with time left in the season. With numerous high priority targets left to test, we will continue to press ahead until inclement weather brings our 2022 drilling season to an end. Over the next month, we will place special emphasis on developing a number of pre-collar holes with the aim of keeping a core rig on site to facilitate drilling into the winter months. Drill results continue to demonstrate a strongly mineralized system that is open in all directions. With each drill hole, we are gaining a better understand of the geology, controls on mineralization, and grade distribution of mineralization at Atlanta."