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NATN.CN ·

Nation Gold Corp announces upsize to Non-Brokered Private Placement

Financings

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

Nation Gold Upsizes Non-Brokered Private Placement of Common Shares

Vancouver, Canada – October 28, 2025 – Nation Gold Corp. (NATN: CSE ) (the “ Company” or

"Nation") is pleased to announce that it has increased the size of its non-brokered private placement to raise

gross proceeds to the Company of up to $ 675,000 (the “ Offering”) by the issuance of up to 9,000,000

common shares (each, a “ Share”) of the Company at a purchase price of $0. 075 per Share, from the

previously announced amount of up to $525,000 by the issuance of up to 7,000,000 Shares.

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

new project opportunities. The Company may pay finder’s fees to eligible arm’s length finders who locate

investors to participate in the Offering. The Offering is subject to the acceptance of the Canadian Securities

Exchange (the “Exchange”). The securities issued pursuant to the Offering will be 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 will be 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 Offering (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.

It is anticipated that insiders of the Company w ill participate in the Offering. The participation of any

insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61 -

101 - Protection of Minority Security Holders in Special Transactions ("MI 61 -101"). Such insi der

participation will be 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 subse ction 5.5(b) of MI 61 -101, and the fair market value of the

securities to be distributed to the insiders will 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 Cattle

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 minin g-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 resu lts 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.