NKG.V · 2021-11-09 12:00:00

Nevada King Commences Drilling at 100% Owned Lewis Gold Project, Nevada

Exploration Programs

Nevada King Commences Drilling at 100%

Owned Lewis Gold Project, Nevada

VANCOUVER, BC

Nov. 9, 2021

/CNW/ -

Nevada King Gold Corp.

(TSXV: NKG) (OTCQB:

VKMTF)

Nevada King

" or the "

Company

") is pleased to to announce that it has commenced a

3,500 meter, reverse circulation ("

") drilling program at its 5,500 hectare, 100% owned Lewis

Gold Project ("

Lewis Project

") located approximately 21km south of

Battle Mountain

Highlights

Nevada King's

2021 drill program at Lewis began on

October 9, 2021

, and consists of 23 RC

holes averaging

150m

in depth.

Historical drilling at Lewis outlined two, at surface historical gold resources (the Celestine

O'Neal historical resource zone and the Rocky Canyon historical resource zone) that are open

at depth and along strike (see Figure 1). Examples of past intercepts include:

Noranda hole 80-R10, a

6.0m

intercept grading 7.94 g/t starting at

33m

depth

Amax/

Draco Mines

hole RC-10, a

13.7m

intercept grading 3.45 g/t from

111m

125m

, including

@ 11.81 g/t

St. George Metals hole WC-4RC, a

75m

intercept grading 0.74 g/t from

27m

Nevada King's

drilling will focus on the Rocky Canyon and Celestine O'Neal targets with the

objectives of:

Confirming historical drilling results

Testing the extent of these reported historical resources

Testing the continuity of mineralization between the two historical resources

The Lewis Project represents one of the last underexplored district scale opportunities in the

heart of the Battle Mountain Trend, with significant gold intercepts in historical drill holes.

Nevada King

has an extensive historical database dating back to 1985 on the project which

includes 258 RC and core holes. The mineralized gold footprint has been mapped over a

significant area, covering 5km x 2km.

The Lewis property directly adjoins Barrick's land package encompassing its Hilltop deposit and

is surrounded by numerous world-class gold mines operated by

Nevada Gold Mines

(see Figure

2).

Cal Herron

, Exploration Manager for

Nevada King

, stated, "I have always viewed Lewis as one of

our most exciting projects. It is a large epithermal gold system located along the axis of the Battle

Mountain Gold Trend and surrounded by several of Nevada's most prominent gold mines. Historical

exploration was hampered to varying degress by fragmented claim/land ownership, but historical

drilling dating back to the 1980s cumulatively outlined a large, mineralized gold footprint that now

demands modern exploration. I am excited that

Nevada King

has managed to assemble a significant

gold district in one cohesive package in the heart of Nevada's gold country. Given the project's close

proximity to Barrick's Hilltop gold deposit and geological similarities to

Nevada Gold Mine's

Robertson gold deposit near Pipeline,

Nevada King

stands a good chance of expanding upon the

historical gold resources at Celestine O'Neal and Rocky Canyon. If successful at confirming

historical drill results, this maiden 2021 drilling program will catalyze a more robust exploration

program in 2022."

See summary section for full details of historical intercepts.

Overview

As seen in Figure 1 below, the 258 historical RC and core holes at Lewis provide extensive drill

coverage over large portions of the property, where contoured Grade X Thickness for the drill

intercepts clearly indicates numerous directions (shown by red arrows) for further expanding the

known gold mineralization. However, none of this historical drilling was qualified in accordance with

National Instrument 43-101 ("

NI 43-101

") guidelines, so the primary objective of the Company's

maiden 2021 drilling program is to verify historical drill intercepts within three main target areas

around the Rocky Canyon and Celestine O'Neal historical resource zones.

Figure 1. Distribution of historical drill holes at Lewis, color-coded by Grade X Thickness. Red

arrows denote vector direction of Au mineralization. Location of planned 2021 RC drill holes (red

dots) and historical drill holes (black circles). (CNW Group/Nevada King Gold Corp.)

Figure 2. Location of Lewis Project within Battle Mountain Trend. (CNW Group/Nevada King Gold

Corp.)

Current Progress of 2021 Drilling

Drilling commenced at the Celestine O'Neal target on

October 9, 2021

, starting at a lower elevation

and moving upslope (and southward) with subsequent holes. These holes are clustered around

several historical RC holes that encountered significant gold mineralization, as follows:

In 1980 Noranda's vertical hole 80-R10 cut a contiguous

46m

averaging 1.31 g/t between

30m

and

76m

depths, including

@ 7.94 g/t starting at

33m

depth.

The Amax/Draco Mines JV drilled vertical hole RC-10 in 1987, hitting a contiguous

13.7m

grading 3.45 g/t at

111m

125m

, including

@ 11.81 g/t.

St. George Metals encountered

75m

grading 0.74 g/t between depths of

27m

102m

in angle

hole (-61 deg) WC-4RC in 1988.

The drill is currently testing the Rocky Canyon target starting at the canyon mouth within the Rocky

Canyon historical resource and progressing southeastward up the canyon. Historical drilling indicates

a low-angle contact flooring the gold mineralization, similar to what is seen at the Celestine O'Neal.

The three holes being drilled along the canyon road are positioned to confirm gold intercepts in

nearby historical holes and test for a southeastward extension of gold mineralization along the

canyon axis. Historical RC holes in the proximity returned significant gold values:

A -56 degree angle hole drilled by Cameco in 1998 hit

24m

grading 1.056 g/t Au at

58m

82m

RC98-20.

Angle hole RC97-11 (-60 degree) drilled by Cameco in 1997 returned

33m

averaging 1.482 g/t

Au at

45.7m

79.3m

depth, including

1.52m

grading 24.15 g/t Au at

53m

depth.

Vertical Cameco hole RC97-10 reported

46m

grading 0.592 g/t Au at 3.05-

48.77m

depth.

Weather permitting, the drill will then move up to the Record target area to test exposed

mineralization encounted in RC hole STGA-02 drilled by St. George Metals in 1988, reporting 140

contiguous meters averaging 0.295 g/t Au with individual

1.53m

intervals ranging from <0.005ppm to

5.40ppm. This long, low-grade intercept demonstrates significant tonnage potential along the spine

of the northeast-trending Record fault and vein zone.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by

Calvin R. Herron

, P.Geo., who is a Qualified Person as defined by NI 43-101.

About Nevada King Gold Corp.

Nevada King

is the third largest mineral claim holder in the

State of Nevada

, behind

Nevada Gold

Mines

(Barrick/Newmont) and

Kinross Gold

. Starting in 2016 the Company has staked large project

areas hosting significant historical exploration work along the

Battle Mountain

trend that are close to

current or former producing gold mines. These project areas were initially selected based on their

potential for hosting multi-million ounce gold deposits and were subsequently staked following a

detailed geological evaluation. District-scale projects in

Nevada King's

portfolio include (1) the 100%

owned Atlanta Mine, located 100km southeast of

Ely

, (2) the Lewis and Horse Mountain-Mill Creek

projects, both located between

Nevada Gold Mines'

large

Phoenix

and Pipeline mines, and (3) the

Iron Point project, located 35km east of

Winnemucca, Nevada

The Atlanta Mine is a historical gold-silver producer with an NI 43-101 compliant pit-constrained

resource of 460,000 oz Au in the measured and indicated category (

11.0M

tonnes at 1.3 g/t) plus an

inferred resource of 142,000 oz Au (

5.3M

tonnes at 0.83 g/t). See the NI 43-101 Technical Report

on Resources titled "Atlanta Property,

Lincoln County, NV

" with an effective date of

October 6,

2020

, and a report date of

December 22, 2020

, as prepared by Gustavson Associates and filed

under the Company's profile on SEDAR (

www.sedar.com

Please see the Company's website at

www.nevadaking.ca

Cautionary Statements Regarding Forward Looking Information

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.

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 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. Forward-looking statements in this news release relate to, among other

things, the Company's exploration plans and the Company's ability to potentially expand mineral

resources and the impact thereon. 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, 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 given the global COVID-19 pandemic, 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 the forward-looking statements of beliefs, opinions, projections, or

other factors, should they change, except as required by applicable securities laws.

SOURCE

Nevada King Gold Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/November2021/09/c9346.html

%SEDAR: 00015775E

For further information:

Collin Kettell at [email protected].

CO: Nevada King Gold Corp.

CNW 07:30e 09-NOV-21

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