Nevada KING Announces Justin Daley as Vice President Exploration
NEVADA KING ANNOUNCES JUSTIN DALEY AS VICE
PRESIDENT EXPLORATION
VANCOUVER, BC
,
Nov. 3, 2025
/CNW/ -
Nevada King Gold Corp.
(TSXV: NKG) (OTCQB: NKGFF) ("
Nevada King
" or the
"
Company
") is pleased to announce the appointment of
Justin Daley
as the Company's Vice President Exploration, effective
immediately. Mr. Daley will work closely with the Company's Exploration Manager,
Cal Herron
, and will report to CEO
John
Sclodnick
.
Appointment of Vice President Exploration
Mr. Daley is a professional geologist with over 15 years of experience in mineral exploration, most recently as CEO of VR
Resources, a precious and base metals exploration company focused on early-stage projects in
Nevada
and
Ontario
. He has
explored caldera related gold systems similar to the Atlanta Gold Mine Project across central Nevada and completed his
M.Sc. research at
Laurentian University
on the evolution and timing of epithermal gold systems. He brings a wealth of
experience in using new exploration technologies, as well as AI and machine learning as part of a systematic approach to
discovery. Mr. Daley also holds a B.Sc. in Geology from Queen's University and studied the application of data analytics in
business at
Harvard Business School's
Business Analytics Program.
John Sclodnick, CEO of
Nevada King
, stated, "We are thrilled to welcome Justin to our leadership team and look forward to
leveraging his extensive expertise in mineral exploration and innovative technologies. His proven track record in advancing
exploration projects and integrating advanced analytics aligns perfectly with
Nevada King's
strategic vision for growth and
discovery."
Justin Daley
, incoming Vice President of Exploration, commented, "The exploration success at the Atlanta Gold Mine Project
has been remarkable, with some of the highest-grade drill results in
Nevada
at the time. I'm thrilled to join this accomplished
team as they advance the Phase III regional program in pursuit of the next discovery. The extensive dataset assembled while
defining the 1+ million-ounce oxide gold resource provides a strong foundation for applying AI and advanced analytics to
pinpoint new targets more efficiently and precisely. These technologies will enable smarter, more cost-effective exploration as
we work to unlock the full potential of
Atlanta
."
Stock Option Grant
In accordance with the stock option plan of the Company and subject to regulatory approval, the Company has granted an
aggregate of 12,050,000 stock options (the "
Options
") to certain directors and officers of the Company with each Option
exercisable into a common share of the Company at a price of
$0.25
until
October 31, 2030
. Options granted to the Directors
of the Company will see 50% vest immediately and 50% vesting one year from the date of grant,
October 31, 2026
, while
options granted to officers of the Company will see 10% vest immediately, followed by 10% vesting every six months
thereafter until fully vested on
April 30, 2030
.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Nevada King Exploration
Manager,
Calvin R. Herron
, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101 ("
NI 43-
101
").
About Nevada King Gold Corp.
Nevada King
is focused on advancing and growing its 100% owned, past producing, 130km
2
Atlanta Gold Mine project located
along the
Battle Mountain
trend in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource
of 1,020koz Au in the measured and indicated category (
27.7M
tonnes at 1.14 g/t) plus an inferred resource of 99koz Au
(
3.6M
tonnes at 0.84 g/t). See the NI 43-101 Technical Report titled "Technical Report and Estimate of Gold and Silver
Mineral Resources for the Atlanta Project,
Lincoln County, Nevada
, USA" with an effective date of
September 6, 2024
, and a
report date of
July 18, 2025
, as prepared by RESPEC (formerly Mine Development Associates) and filed under the
Company's profile on SEDAR+
www.sedarplus.ca
.
NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025
Tonnes
Au g/t
Au oz
Ag g/t
Ag oz
AuEq g/t
AuEq oz
Measured
3,430,100
1.55
170,800
16.96
1,870,200
1.65
182,000
Indicated
24,280,200
1.09
848,800
8.73
6,817,200
1.14
887,700
M&I
27,710,300
1.14
1,019,600
9.75
8,687,400
1.20
1,069,700
Inferred
3,638,400
0.84
98,500
2.56
299,500
0.85
99,800
Please see the Company's website at
www.nevadaking.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-
looking statements") within the meaning of applicable securities legislation. All statements, other than statements of
historical fact, included herein, without limitation, statements relating to the future operations and activities of
Nevada King
,
are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as
"expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that
events, conditions, or results "will", "may", "could", or" should" occur or be achieved. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in
such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are
made and are based upon a number of assumptions and estimates that, while considered reasonable by
Nevada King
, are
inherently subject to significant business, economic, technical, geologic, environmental, regulatory, competitive, political and
social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be expressed or
implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to
many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results
of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers
should not place undue reliance on the forward-looking statements and information contained in this news release
concerning these items.
Nevada King
does not assume any obligation to update forward-looking statements should beliefs,
opinions, projections, or other factors change, except as required by applicable securities laws.
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For further information:
For more information, contact John Sclodnick at [email protected]. The Company's telephone
number is (845) 535-1486.
CO: Nevada King Gold Corp.
CNW 06:30e 03-NOV-25