NKG.V · 2025-07-16 12:00:00

Nevada KING Reports Positive Phase 2 Metallurgical Test Results at Atlanta Confirming Conventional Oxide Processing with a Simplified Flowsheet

Metallurgy & Processing

NEVADA KING REPORTS POSITIVE PHASE 2 METALLURGICAL TEST

RESULTS AT ATLANTA CONFIRMING CONVENTIONAL OXIDE

PROCESSING WITH A SIMPLIFIED FLOWSHEET

VANCOUVER, BC

July 16, 2025

/CNW/ -

Nevada King Gold Corp.

(TSXV: NKG) (OTCQB: NKGFF) ("

Nevada King

" or the "

Company

") is pleased to report

results from its Phase 2 metallurgical testing program at its 12,000 hectare (120km

), 100% owned Atlanta Gold Mine Project, located in the prolific Battle

Mountain Trend 264km northeast of

Las Vegas, Nevada

. Phase 2 results confirm and expand on the Phase 1 results (

released

March 26, 2024

), while delivering

a more simplified flowsheet with potential for lower operating and initial capital costs, and continuing to demonstrate that gold and silver mineralization at

Atlanta

well suited to conventional oxide processing methods

widely used in

Nevada

Highlights:

Robust Recoveries:

Combined, Phase 1 and 2 test work consistently demonstrated strong gold recoveries across key mineralized units using both fine

milling and heap leaching methods.

Fine milling (200-mesh grind, P80 = 75 µm) shows a weighted average gold extraction of 90.1% for the non-silicified volcanics, 86.1% for the silicified

volcanics, and 87.7% for the silica breccia (SBX).

Column leaching of conventional crushed (combined P80 = 12.5 & 25.0 mm columns) shows a weighted average extraction of 83.1% for the non-silicified

volcanics (heap leachable).

Dual Recovery Pathways:

Results continue to support a development path utilizing conventional milling for higher-grade material, while lower-grade, non-

silicified volcanics are suitable for run of mine ("

ROM

") heap leaching.

Simplified Flowsheet

: The revised proposed flowsheet has been simplified and is expected to result in lower operating and initial capital costs by replacing

three-stage crushing with a primary and secondary crusher and eliminating the convey-stack process. Additionally, while the prior flowsheet envisioned two

separate heap leach processes, the new simplified flowsheet includes just one, consisting exclusively of ROM material.

Comprehensive Test Program:

Phase 2 tested 26 drill core composites, adding to the 22 drill core composites and three bulk samples tested in Phase 1,

which together provide a comprehensive dataset of the various lithologies and grade ranges found throughout the

Atlanta

resource.

Phase 2 metallurgical test work at Atlanta has been supervised by Gary Simmons (MMSA QP Number: 01013QP), formerly the Director of Metallurgy and

Technology for Newmont Mining Corp. Mr. Simmons also supervised the Phase 1 metallurgical test work at

Atlanta

and has managed numerous metallurgical

testing programs in the Great Basin with characteristics similar to those found at Atlanta.

Mr. Simmons commented, "The Phase 2 results refine the findings from Phase 1, that conventional oxide milling of the silicified volcanics, SBX and dolomite

material types will be suitable to process the

Atlanta

mineralization. The non-silicified volcanics are amenable to conventional ROM heap leaching.

"The inclusion of HPGR will provide a relatively lower overall operating cost for SBX compared to alternatives such as a SAG/Ball mill processing. The Phase 2

testing provided additional clarity on the metallurgical characteristics of a wider variety of rock type subunits included in the resource area and is another step in

de-risking the Atlanta Gold Mine project."

Figure 1. Revised Atlanta generalized flowsheet after Phase 2 metallurgical testing (CNW Group/Nevada King Gold Corp.)

Test Results Summary:

The

Atlanta

resource is generally categorized into two distinct categories for the purposes of metallurgical testing of gold and silver extraction. There is the SBX

(mineralized material in and below the main Atlanta unconformity) and the volcanics (mineralized material above the main Atlanta unconformity). Of the 26

composites tested in Phase 2, 17 were within or below the unconformity representing SBX material and nine were within the volcanics. A higher ratio of samples

of SBX material was used in Phase 2,compared to nearly equal samples from SBX and volcanics in Phase 1, to improve the understanding of the SBX material

and the metallurgical characteristics of the subunits.

MATERIAL

GOLD EXTRACTION –

MILLING (P80=75ΜM)

GOLD EXTRACTION – HEAP

LEACH (P80=12.5–25MM)

SILVER EXTRACTION –

MILLING (P80=75ΜM)

VOLCANICS

(NON-SILICIFIED)

90.1% (2.71 g/t Au)

83.1% (2.56 g/t Au)

58.1% (25.0 g/t Ag)

SILICIFIED

VOLCANICS

86.1% (2.80g/t Au)

55.9% (2.83g/t Au) –

Not suitable for

heap leach

28.2% (7.4 g/t Ag)

SILICA BRECCIA

(SBX)

87.7% (3.23 g/t Au)

Not Applicable

43.9% (26.0 g/t Ag)

DOLOMITE

80.6% (0.32 g/t Au)

52.0% (0.30 g/t Au)

23.3% (23.2 g/t Ag)

Table 1. Summary Phase 1 and 2 Atlanta laboratory gold extraction results, average gold bottle roll & column leach tests with average gold and silver

grade.

Figure 2. Location of large diameter core holes and bulk samples used in Phase 1 and 2 metallurgical testing (CNW Group/Nevada King Gold Corp.)

Phase 2 metallurgical test work emphasized testing SBX material, located below or in the unconformity, due to the hard and abrasive nature which has a high

degree of sensitivity to process feed particle size. This material can be processed utilizing High Pressure Grinding Rolls ("

HPGR

") comminution followed by fine

milling.

The non-silicified volcanics sit above the unconformity and typically show higher recoveries and less sensitivity to particle size for processing. The volcanics are

amenable to processing via conventional milling, or ROM heap leaching, with the grade and future economic analysis being the primary determinant on processing

method.

Gold extraction at a typical fine grind of 75 µm remained strong for all material types through Phase 2 results, reinforcing the amenability to conventional

cyanidation.

HPGR comminution of SBX material, followed by column leaching, shows that this material is not suitable for heap leaching, due to its lower gold extraction versus

testing in Phase 1. This material showed a weighted average gold extraction of 56.1% at 3.66 g/t Au.

Overall, Phase 2 closely mirrors Phase 1 in grade, extraction behavior, and composition and validates the Phase 1 results, with high cyanide solubility across both

phases. Phase 2 also confirmed negligible preg-robbing, so it remains a non-issue after both phases. Fine grinding remains very effective across all lithologies.

Phase 1 and 2 combined gold extraction from fine milling at a 200 mesh grind (P80=75µm) show a weighted average gold extraction of:

90.1% for the non-silicified volcanics at an average head grade of 2.71 g/t Au

86.1% for the silicified volcanics at an average head grade of 2.80 g/t Au

87.7% for the SBX at an average head grade of 3.23 g/t Au

80.6% for the dolomite at average head grade 0.32 g/t Au

Phase 1 and 2 combined gold extraction from conventional crushing (P80=12.5 + 25.0 mm columns) show a weighted average gold extraction of:

83.1% for non-silicified volcanics (to be processed via heap leach) at an average head grade of 2.56 g/t Au

55.9% for silicified volcanics at an average head grade 2.83 g/t Au (to be processed via milling)

52.0% for the dolomite at an average head grade of 0.30 g/t Au

SBX materials are not suitable for heap leaching due to the low weighted average gold extraction

Phase 1 and 2 combined silver extraction from fine milling at a 200 mesh grind (P80=75µm) show a weighted average silver extraction of:

58.1% for non-silicified volcanics at an average head grade of 25.0 g/t Ag

28.2% for silicified volcanics at an average head grade of 7.4 g/t Ag

43.9% for SBX at an average head grade of 26.0 g/t Ag

23.3% for dolomite at an average head grade of 23.2 g/t Ag

Table 1 below provides a summary of laboratory metallurgy gold extraction test results from both Phase 1 and Phase 2 and distinguishes between the materials

tested above and below the Atlanta unconformity indicating whether the mineralization is in volcanics or silicified breccias, while Table 2 does the same for silver.

Bulk Sample & Phase-1: Gold Met Balances

KCA

Sample No.

Comp ID

Unconf

Abv/Below

Atlanta Geology

37µm BR

75µm BR

1,700µm BR

12.5mm Column

25.0mm Column

HPGR Column

Formation

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Au Ext %

Calc

Hd Au

(ppm)

Au Ext %

Calc

Hd Au

(ppm)

96601 B

ABS#1

Below

80.3

0.340

76.6

0.337

55.8

0.344

52.1

0.349

62.9

0.375

96602 B

ABS#2

Below

SBX

92.1

1.539

90.2

1.442

74.5

1.599

65.1

1.550

74.1

1.594

96603 B

ABS#3

Below

SBX

91.4

1.549

88.5

1.465

80.6

1.692

82.6

1.422

84.1

1.624

96605 A

ATV-1

Above

Rhyolite

85.8

1.166

86.4

1.157

53.8

1.131

46.2

1.147

60.7

1.121

96606 A

ATV-2

Above

Rhyolite

94.1

6.166

88.1

5.961

66.8

6.150

56.3

6.304

96607 A

ATV-3

Above

Rhyolite

83.4

1.820

86.5

1.823

64.6

1.941

70.3

1.874

75.5

1.979

96608 A

ATV-4

Below

SBX-1

90.6

4.742

80.5

5.117

47.8

5.009

32.8

5.400

40.9

6.452

96609 A

ATV-5

Above

VolSS

93.3

0.312

88.9

0.126

67.4

0.141

72.1

0.140

96610 A

ATV-6

Above

Tuff Dike Breccia

94.9

0.375

94.3

0.348

64.0

0.336

44.6

0.249

60.6

0.277

96611 A

ATV-7

Below

SBX-1

93.5

2.487

93.5

2.253

52.8

2.321

35.2

2.306

53.8

2.278

96612 A

ATV-8

Below

Dolomite

78.5

0.237

82.4

0.289

50.8

0.299

44.0

0.218

96613 A

ATV-9

Below

SBX-1,

91.0

2.344

90.0

2.412

53.3

2.617

39.9

2.534

53.1

2.643

96614 A

ATV-10

Below

Dolomite

77.5

0.244

83.2

0.333

68.9

0.360

57.1

0.331

66.4

0.277

96615 A

ATV-11

Below,

SBX-1,

87.0

0.575

87.7

0.570

61.9

0.559

48.4

0.531

62.4

0.558

96616 A

ATV-12

Above

Rhyolite,

92.8

0.500

96.2

0.521

78.4

0.509

84.7

0.476

87.8

0.500

96617 A

ATV-13

Above

RhyoDacite

80.4

1.539

84.8

1.498

77.6

1.462

81.5

1.865

96618 A

ATV-14

Above

Rhyolite

85.0

2.462

80.6

2.248

45.9

1.967

46.8

1.992

54.9

1.958

96619 A

ATV-15

Above

Tuff Dike Breccia

90.0

6.363

92.0

6.793

82.0

6.927

82.4

7.165

96620 A

ATV-16

Above

RhyoDacite Tuff & Rhyolitic TDB w/Hem,

90.7

0.529

90.7

0.593

86.6

0.610

88.8

0.633

96621 A

ATV-17

In/Above

SBX-2

83.9

1.214

88.6

1.324

73.3

1.209

76.1

1.403

81.7

1.440

96622 A

ATV-18

In/Above

RhyoDacite,Dacite,VolSS

86.7

1.531

88.0

1.639

81.8

1.566

86.3

1.666

88.0

1.615

96623 A

ATV-19

Above/Below

Tuff Dike Breccia(>>Au),Dolomite

97.1

7.951

95.4

7.174

91.8

7.842

93.0

8.250

*1 -

Unconformity - in/Below or Above: Gold Extraction % is highly senstivity to feed particle size, Unconformity - Above: Gold Extraction % has lower sensitivity to feed particle size.

Phase-2: Gold Met Balances

KCA

Sample No.

Comp ID

Unconf

Abv/Below

Atlanta Geology

75µm BR

212µm BR

1,700µm BR

12.5mm Column

25.0mm Column

HPGR Column

Formation

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Ext %

Calc Hd

Au (ppm)

Ext %

Calc

Hd Au

(ppm)

Ext

Calc Hd

Au(ppm)

97860 A

ATV-20

Above

Rhyolite,Dacite

91.4

0.409

90.1

0.392

91.0

0.431

97861 A

ATV-21

In/Below

SBX-1,Quartzite

86.3

0.240

61.3

0.173

53.5

0.215

97862 B

ATV-22

Above

Rhyolite,RhyoDacite,

84.8

1.272

86.9

1.174

88.9

1.353

97863 A

ATV-23

Above

Rhyolite

89.4

1.001

90.6

0.945

92.8

1.034

97864 B

ATV-24

Above

Rhyolite,RhyoDacite

33.6

1.195

34.4

0.941

35.1

1.087

97865 B

ATV-25

Above

Rhyolite

88.4

1.661

82.8

1.548

73.3

1.944

97866 A

ATV-26

In/Below

SBX-1,Dolomite

87.6

3.885

54.0

4.152

62.6

4.413

97867 A

ATV-27

Above

Dacite

95.3

3.524

89.7

3.164

91.9

4.127

97868 B

ATV-28

Above

Tuff Dike Breccia

94.1

8.860

83.8

8.024

67.6

7.517

74.2

10.759

97869 A

ATV-29

Above

Tuff Dike Breccia,

78.6

5.148

60.0

4.787

72.7

5.887

97870 B

ATV-30

In,/Below

SBX-1

91.4

1.761

88.3

1.988

64.0

1.845

61.5

3.330

97871 B

ATV-31

In,/Below

SBX-1

91.5

3.322

85.8

3.390

65.9

2.983

51.0

4.204

97872 B

ATV-32

In,/Below

SBX-1

75.3

2.556

72.3

2.682

55.2

2.841

53.7

2.883

97873 B

ATV-33

In,/Below

SBX-1

94.1

3.757

87.0

3.789

67.4

3.861

70.1

3.871

97874 A

ATV-34

In,/Below

SBX-1

92.4

5.967

88.3

6.096

69.3

6.873

74.0

7.407

97875 B

ATV-35

In/Above

SBX-2,Rhyolite,Tuff Dike Bx

85.9

0.519

69.6

0.517

64.5

0.512

97876 B

ATV-36

In/Above

SBX-2,Tuff Dike Bx

83.3

0.926

70.7

0.961

46.0

0.908

49.8

0.970

97877 A

ATV-37

Above

Tuff Dike Breccia

79.2

2.843

59.2

2.763

67.0

3.130

97878 B

ATV-38

Below

SBX-1,Tuff Dike Bx

87.5

11.694

77.0

11.990

46.0

12.794

51.1

10.9

97879 B

ATV-39

Below

SBX-1

86.7

4.234

76.4

4.390

47.9

4.560

53.1

4.300

97880 B

ATV-40

Below

SBX-1

82.6

1.119

68.8

1.067

32.5

1.074

43.5

1.116

97881 A

ATV-41

Below

SBX-1

82.8

0.314

69.7

0.271

34.8

0.282

73.3

0.555

97882 B

ATV-42

Below

SBX-1,Tuff Dike Bx

85.6

8.399

76.2

9.481

44.1

9.606

51.1

8.482

97883 B

ATV-43

Below

SBX-1,Tuff Dike Bx

90.4

10.807

77.4

10.911

40.8

11.964

47.6

11.442

97884 A

ATV-44

In/Below

SBX-1

91.6

0.561

81.0

0.473

54.7

0.547

56.7

0.497

97885 A

ATV-45

Below/In

SBX-1

79.8

2.957

49.7

3.069

59.4

3.065

*1 -

Unconformity - in/Below or Above: Gold Extraction % is highly senstivity to feed particle size, Unconformity - Above: Gold Extraction % has lower sensitivity to feed particle size.

Table 2. Summary

Atlanta

metallurgical results from Phase 1 and 2, gold bottle roll & column leach tests

Bulk Sample & Phase-1: Silver Met Balances

KCA

Sample No.

Comp ID

Unconf Abv/Below

Atlanta Geology

37µm BR

75µm BR

1,700µm BR

12.5mm Columns

25mm Columns

HPGR Columns

Formation

Ext %

Calc Hd

Ag (ppm)

Ext %

Calc Hd

Ag (ppm)

Ext %

Calc Hd

Ag (ppm)

Ag Ext %

Calc Hd Ag (ppm)

Ext %

Calc Hd Ag (ppm)

Ext %

Calc Hd Ag(ppm)

96601 B

ABS#1

Below

Dolomite

23.8

65.20

23.5

62.64

9.6

51.46

3.5

63.89

8.5

62.67

96602 B

ABS#2

Below

SBX-1

56.8

15.92

54.4

15.20

52.8

13.29

29.7

12.74

34.2

14.02

96603 B

ABS#3

Below

SBX-1

43.2

134.92

46.0

119.74

31.5

132.19

22.1

122.56

28.5

132.00

96605 A

ATV-1

Above

Rhyolite

64.1

2.48

34.4

3.98

18.4

4.13

16.1

3.60

24.5

3.26

96606 A

ATV-2

Above

Rhyolite

55.1

10.84

24.9

18.55

16.5

15.78

9.4

16.78

96607 A

ATV-3

Above

Rhyolite

43.2

2.53

24.3

4.63

13.1

4.95

12.4

4.03

13.7

5.18

96608 A

ATV-4

Below

SBX-1

53.7

12.83

21.6

22.99

8.7

19.00

3.2

21.30

7.1

22.67

96609 A

ATV-5

Above

VolSS

55.7

2.01

22.3

3.83

8.2

3.81

9.4

3.07

96610 A

ATV-6

Above

Tuff Dike Breccia

70.1

2.98

39.8

4.33

29.0

4.97

25.5

4.04

27.6

4.45

96611 A

ATV-7

Below

SBX-1

57.8

21.54

35.6

33.22

24.9

27.60

28.1

37.48

31.7

37.88

96612 A

ATV-8

Below

Dolomite

40.0

1.02

20.2

1.85

5.7

2.26

8.8

1.02

96613 A

ATV-9

Below

SBX-1,

73.9

35.61

56.5

47.67

64.7

42.26

53.2

47.68

61.6

50.72

96614 A

ATV-10

Below

Dolomite

55.4

2.49

22.4

5.06

10.3

5.50

4.7

5.71

7.7

5.94

96615 A

ATV-11

Below,

SBX-1,

78.8

25.71

62.0

34.73

46.3

32.92

29.0

30.41

42.8

30.42

96616 A

ATV-12

Above

Rhyolite,

36.0

0.38

8.0

1.45

8.5

0.91

11.6

0.86

8.9

0.79

96617 A

ATV-13

Above

RhyoDacite

77.9

1.09

37.2

2.35

47.1

1.51

60.6

0.99

96618 A

ATV-14

Above

Rhyolite

83.5

1.67

49.7

2.52

43.9

1.72

35.9

1.70

38.8

2.40

96619 A

ATV-15

Above

Tuff Dike Breccia

83.2

69.08

82.3

63.12

38.4

66.60

30.8

65.04

96620 A

ATV-16

Above

RhyoDacite Tuff & Rhyolitic TDB w/Hem,

20.4

3.45

14.9

3.87

7.4

3.14

6.6

3.66

96621 A

ATV-17

In/Above

SBX-2

61.1

36.18

64.6

38.62

33.4

38.17

29.1

46.59

37.6

35.76

96622 A

ATV-18

In/Above

RhyoDacite,Dacite,VolSS

44.4

1.42

34.0

2.07

44.4

1.16

27.2

1.80

23.8

1.89

96623 A

ATV-19

Above/Below

Tuff Dike Breccia(>>Au),Dolomite

52.6

31.98

56.9

33.89

35.6

31.42

45.4

45.04

*2 -

Silver Extraction is not sensitive to position above or below the unconformity, but does show some sensitivity to Ag head grade.

Phase-2: Silver Met Balances

KCA

Sample No.

Comp ID

Unconf

Abv/Below

Atlanta Geology

75µm BR

212µm BR

1,700µm BR

12.5mm Column

25.0mm Column

HPGR Column

Formation

Ext

Calc Hd Ag(ppm)

Ag Ext

Calc Hd Ag(ppm)

Ag Ext

Calc Hd Ag(ppm)

Ag Ext

Calc Hd Ag(ppm)

Ag Ext

Calc Hd Ag(ppm)

Ag Ext

Calc Hd Ag(ppm)

97860 A

ATV-20

Above

Rhyolite,Dacite

30.1

0.83

25.7

0.58

42.4

0.85

97861 A

ATV-21

In/Below

SBX-1,Quartzite

29.3

4.25

10.8

4.56

12.9

4.43

97862 B

ATV-22

Above

Rhyolite,RhyoDacite,

24.4

0.99

27.9

0.52

37.0

0.46

97863 A

ATV-23

Above

Rhyolite

28.2

0.87

22.2

0.64

44.3

0.61

97864 B

ATV-24

Above

Rhyolite,RhyoDacite

42.2

1.39

33.6

1.50

32.9

1.49

97865 B

ATV-25

Above

Rhyolite

74.1

3.44

61.5

3.62

59.3

4.03

97866 A

ATV-26

In/Below

SBX-1,Dolomite

36.2

33.57

17.7

35.66

20.8

38.16

97867 A

ATV-27

Above

Dacite

70.4

34.13

50.9

34.13

45.4

37.49

97868 B

ATV-28

Above

Tuff Dike Breccia

67.4

100.71

63.3

106.20

45.1

87.35

44.5

99.36

97869 A

ATV-29

Above

Tuff Dike Breccia,

34.1

104.74

27.3

98.09

28.8

97.53

97870 B

ATV-30

In,/Below

SBX-1

48.5

40.17

43.7

46.20

42.4

42.39

38.6

44.05

97871 B

ATV-31

In,/Below

SBX-1

35.6

37.34

40.0

33.47

38.7

30.22

38.0

38.47

97872 B

ATV-32

In,/Below

SBX-1

58.3

23.17

63.7

23.88

44.7

25.30

44.4

28.19

97873 B

ATV-33

In,/Below

SBX-1

51.6

26.46

43.5

24.77

43.6

25.01

46.0

26.63

97874 A

ATV-34

In,/Below

SBX-1

24.7

46.90

29.2

44.95

22.5

49.88

15.4

46.64

97875 B

ATV-35

In/Above

SBX-2,Rhyolite,Tuff Dike Bx

62.1

1.23

30.8

1.54

62.1

0.87

97876 B

ATV-36

In/Above

SBX-2,Tuff Dike Bx

49.2

2.57

50.3

3.74

15.9

3.10

19.9

3.42

97877 A

ATV-37

Above

Tuff Dike Breccia

45.1

2.25

17.9

2.52

17.9

2.62

97878 B

ATV-38

Below

SBX-1,Tuff Dike Bx

18.1

11.98

14.5

12.08

5.5

11.92

5.8

12.28

97879 B

ATV-39

Below

SBX-1

23.3

6.87

16.6

6.88

7.3

7.33

9.8

7.16

97880 B

ATV-40

Below

SBX-1

58.0

15.46

49.1

13.43

26.4

11.49

22.4

22.21

97881 A

ATV-41

Below

SBX-1

35.0

6.96

32.1

7.66

33.0

8.85

Assay Problem

97882 B

ATV-42

Below

SBX-1,Tuff Dike Bx

41.2

8.29

26.5

7.97

28.5

8.49

20.0

7.94

97883 B

ATV-43

Below

SBX-1,Tuff Dike Bx

24.4

27.89

16.3

30.10

6.1

28.27

5.6

30.83

97884 A

ATV-44

In/Below

SBX-1

58.5

1.80

39.4

1.55

33.0

1.69

39.5

2.00

97885 A

ATV-45

Below/In

SBX-1

41.5

16.18

5.6

15.83

7.4

17.13

*1 -

Unconformity - in/Below or Above: Gold Extraction % is highly senstivity to feed particle size, Unconformity - Above: Gold Extraction % has lower sensitivity to feed particle size.

Table 3. Summary

Atlanta

metallurgical results from Phase 1 and 2, silver bottle roll & column leach tests

QA/QC Protocols

All PQ-diameter core was sampled in the Company's warehouse in

Winnemucca, Nevada

, with whole core samples being placed in heavy canvas bags and sent

to American Assay Lab in

Reno, Nevada

, in heavy shipping bags by a Company contractor with full custody being maintained at all times. CRF standards and

coarse blanks were inserted into the sample stream on a one-in-twenty sample basis, meaning both inserts are included in each 20-sample group. At American

Assay Lab, samples were weighted, and then completely crushed to -1 inch. The coarse-crushed sample was quarter-split and one quarter was reduced to 75%

passing 2mm. A 300g split was subsequently pulverized to 85% passing 75 microns. Prepared samples are initially run using a four acid + boric acid digestion

process and conventional multi-element ICP-OES analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 0.003

ppm detection limit, with samples greater than 10 ppm finished gravimetrically. Every sample is also run through a cyanide leach for gold with an ICP-OES finish.

The QA/QC procedure involves regular submission of Certified Analytical Standards and property-specific duplicates.

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 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, 120km

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 98.5koz Au (

3.6M

tonnes at 0.84 g/t) that replaces the Gustavson 2020 resource summarized below (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.sedarplus.ca

Previous NI 43-101 Mineral Resources at the Atlanta Mine by Gustavson 2020

Resource