2022 Atlanta Drill Campaign Has 14 Holes Completed And Fast Tracks Drilling With Arrival of Two More Drill Rigs

VANCOUVER - Nevada King Gold Corp. reported on resource expansion and definition drilling at its 5,166 hectare, 100% owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada.

Nevada King has completed 14 reverse circulation drill holes totaling 1,140 meters. An initial batch of drill samples has been delivered to American Assay Labs in Reno, Nevada, with assay results anticipated in the coming weeks. Three drills are now on site, including a recently arrived Foremost dual rotary and a MaxiDrill diamond core rig. Pre-collar work has begun, targeting high-grade gold mineralization along the Atlanta Mine Fault Zone ("AMFZ"), identified in 2021 drilling with results that included 41.2m averaging 3.94 g/t Au, 64m averaging 3.35 g/t Au, and 54.9m averaging 5.34 g/t Au, starting at or near surface. The Company has initiated its Phase II Metallurgical Testing Program with the collection of a bulk sample from the northern end of the historical pit. This is the first of three bulk samples that will be collected from zones of low, medium, and high grade gold mineralization exposed in and around the pit. Test work on these bulk samples will evaluate gold recoverability utilizing cyanide extraction.

Exploration Manager Cal Herron, said, "Drilling is advancing smoothly. The first 14 RC holes drilled this season were collared south of the historic Atlanta Pit and were planned to evaluate and test the structural controls over gold mineralization across the southern extension of the AMFZ. A newly arrived Foremost DR (dual rotary) rig is currently drilling pre-collar holes through the unmineralized volcanic overburden in preparation for PQ and HQ core tails. Working in concert on the deeper holes, the DR rotary and Maxi core drills can now efficiently and cost-effectively follow up on high-grade intersections identified at the bottom of the pit to test extensions to the north, south, and down-dip to the west as well as northwestward along the AMFZ.

In view of the recently announced positive cyanide solubility test results, this year's program will be expanded to include drill testing of mineralization outside of the 2020 Gustavson resource zone, particularly north, east, and south of the existing pit. Both low and high-grade gold mineralization remain open in all directions and much of this season's drilling will occur well outside of the historical pit perimeter into areas that have seen little or no drilling. Bolstered by the success of last year's program in significantly expanding the footprint of gold mineralization at Atlanta well outside the Gustavson resource area and in intercepting significant intervals of high-grade gold mineralization in new areas, Nevada King enters the 2022 exploration season at Atlanta 'loaded for bear', with an expanded geological and support team, three drills, additional excavating equipment, and most importantly, ever confident in our ability to grow Atlanta into a major gold deposit."