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NAU.V ·

Nevgold Begins Trading ON the OTCQX Best Market

Listings & Exchange

NEVGOLD BEGINS TRADING ON THE OTCQX BEST MARKET

Vancouver, British Columbia – May 11, 202 2 – NevGold Corp. (“NevGold” or the “Company”)

(TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that its shares have qualified

for trading on the OTC QX®Best Market (the “OTCQX”). Trading will continue under the symbol

“NAUFF” on the OTCQX.

NevGold CEO, Brandon Bonifacio , comments : “The upgrade to the OTCQ X enables our U.S.

shareholders to more effectively participate in trading NevGold shares and will enhance liquidity. With

extremely promising, high-grade oxide gold drill results from our Limousine Butte Project in Nevada, we

have attracted many U.S.-based retail and institutional investors who are interested in exposure to gold

resource development and exploration within the United States. We have many further drillholes at the

assay lab, and we look forward to releasing our next batch of assay results in the near future. This will be

an extremely active period for the company from a news flow standpoint.”

The OTCQX Market is designed for established, investor -focused U.S. and international companies. For

OTCQX eligibility, companies must meet high financial standards, follow best practice corporate

governance, and demonstrate compliance with applicable secu rities laws. Graduating to the OTCQX

Market from the OTCQB Market marks an important milestone for NevGold, enabling the Company to

demonstrate its potential and build visibility among U.S. investors.

ON BEHALF OF THE BOARD

“Signed”

Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at [email protected], call 604-337-

4997, or visit our website at www.nev-gold.com.

About the Company

NevGold is an exploration and development company targeting large-scale mineral systems in the proven

districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar

Wash gold projects in Nevada, and the Ptarmigan silver-polymetallic project in Southeast BC.

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 Note Regarding Forward Looking Statements

This news release contains forward -looking statements that are based on the Company’s current expectations and

estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,

“intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that

certain events or conditions “may” or “will” occur. Such forward -looking statements involve known and unknown

risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or

anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement

speaks only as of the date on wh ich it is made and, except as may be required by applicable securities laws, the

Company disclaims any intent or obligation to update any forward -looking statement, whether as a result of new

information, future events or results or otherwise. Forward -looking statements are not guarantees of future

performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty

therein.