Agreement For Acquisition Of Bonito Gold-Silver Project

VANCOUVER – Nation Gold Corp. has entered into a definitive mineral property purchase and sale agreement with Cannon Bridge Capital Corp., Stream Metals LLC, Nation Gold US Corp. (the Company’s wholly-owned subsidiary) and an arm’s length individual for Nation Gold US to acquire 100% ownership of the Bonito gold-silver project in the Nogal-Bonito Mining District of New Mexico. The Bonito Project includes 25 unpatented mineral claims.
Mark Bailey, Chief Executive Officer & Director, said, “With the upward price trends in the gold and silver market, the Bonito Project represents a compelling opportunity to potentially unlock value from a potentially large, underexplored gold-silver system. With Bonito, we believe we are acquiring a combination of potential scale, historical investment, and geological upside with no drilling at depth below 120 metres. We believe the Bonito Project has the potential hallmarks of a gold system-extensive breccia mineralization at surface, strong historical gold grades, and a large, undrilled porphyry target at depth. In today’s gold and silver price environment, the Bonito Project represents an exciting opportunity for Nation Gold and our shareholders. The Bonito Project hosts historical underground development, over 3,000 metres of historical drilling, and multiple gold-bearing breccia zones that remain largely untested at depth. The acquisition of the Bonito Project aligns with Nation Gold’s strategy of acquiring overlooked but technically compelling gold assets in stable jurisdictions where modern exploration techniques can unlock discovery potential. Furthermore, the primarily share-based transaction allows us to conserve our treasury for a planned exploration program in 2026.”