Announcing Closing of Non-Brokered Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Nation Gold Closes Non-Brokered Private Placement of Common Shares

Vancouver, Canada – November 5, 2025 – Nation Gold Corp. (NATN: CSE) (the “ Company” or

"Nation") is pleased to announce that it has closed its non-brokered private placement previously

announced on October 14, 2025 and October 28, 2025, raising gross proceeds to the Company of $675,000

(the “Offering”) by the issuance of 9,000 ,000 common shares (each, a “Share ”) of the Company at a

purchase price of $0.075 per Share.

The proceeds of the Offering will be used for general working capital, and to evaluate and pursue potential

new project opportunities. The Company did not pay any finder’s fees in connection with the Offering.

The Offering is subject to the acceptance of the Canadian Securities Exchange (the “Exchange”). The

securities issued pursuant to the Offering are subject to a four -month hold period in accordance with

applicable securities laws and the rules of the Exchange. In addition, the securities issued pursuant to the

Offering are subject to contractual escrow restrictions and will be released from escrow pursuant to the

following schedule: (i) 25% on the date that is 4 months following the closing date of the Offer ing (the

“Closing Date”); (ii) 25% on the date that is 8 months following the Closing Date; (iii) 25% on the date

that is 12 months following the Closing Date; and (iv) 25% on the date that is 16 months following the

Closing Date.

The participation of certain insiders of the Company in the Offering constitute related party transactions

within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special

Transactions ("MI 61-101"). Such insider participation is exempt from the formal valuation and minority

shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as

the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61- 101,

and the fair market value of the securities distributed to the insiders does not exceed 25% of the Company's

market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities

Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not

be offered or sold within the United States except in compliance with the registration requirements of the

U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This

press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Nation Gold Corp.

Nation Gold Corp. is an exploration company based in Vancouver, BC with a 100% interest in the Cattl e

Creek Project located near Vernon, BC. The Company is led by a team of mining, exploration and capital

markets professionals focused on acquiring multi-million ounce precious metals deposits in Tier 1 mining

jurisdictions. Through the identification and acquisition of mineral properties with exploration potential,

the Company’s mission is to target unrecognized value opportunities in assets located in mining- friendly

jurisdictions. For further information, please visit the Company’s website at www.nationgold.ca.

Contact Information - For more information, please contact:

Darren Tindale, Chief Financial Officer and Corporate Secretary

Tel: (604) 376-3567

Email: [email protected]

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward -looking statements, including statements regarding the

Offering; the Company’s ability to complete the Offering and receive acceptance from the Exchange to the

completion of the Offering; and the business and anticipated financial performance of the Company. These

statements are subject to a number of risks and uncertainties. Actual results may differ materially from

results contemplated by the forward -looking statements. Factors that could cause actual results to differ

materially from those in forward-looking statements include the Company does not complete all or any part

of the Offering; the Company does not receive regulatory acceptance to the Offering and general economic

conditions. Accordingly the actual events may differ martially from those projected in the forward-looking

statements. When relying on forward -looking statements to make decisions, investors and others should

carefully consider the foregoing factors and other uncertainties and should not place undue reliance on

such forward -looking statements. The Company does not undertake to update any forward looking

statements, oral or written, made by itself or on its behalf, unless otherwise required pursuant to applicable

laws.