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Nevada King Gold Corp. Provides Update on Ongoing Rotary Air Blast Reconnaissance Exploration Program and Reports High-Grade Near-Surface Gold Mineralization At East Ridge Target
Nevada King Gold Corp. provided an update from its ongoing Rotary Air Blast ("RAB") reconnaissance exploration program. Drilling has encountered new, high-grade, near-surface gold mineralization at its East Ridge Target ("ERT"), located immediately east of the Atlanta pit at its 100% owned, 130km2 Atlanta Gold Mine Project ("Atlanta") in eastern Nevada. Initial RAB results confirm the presence of robust gold mineralization east of the Atlanta pit and outside the current resource area, enhancing the potential for converting waste rock into mineable mineralization within a future pit shell as defined by the existing resource calculation. Follow-up drilling with the deeper RC rig will test for depth continuity with a goal of finding what is driving these high-grade gold occurrences. Upon approval, this modification will permit an additional 78 RC drill sites and 404 RAB drill sites across the entire property. Highlight Near-Surface Oxide Gold Results from RAB Drilling at the East Ridge Target: Hole AT26ERB-16 intersected 4.68 g/t Au over 7.3m starting at 21.9m depth and bottomed in mineralization. Hole AT26ERB-18 intersected 0.75 g/t Au over 26.8m starting at surface. Hole AT26ERB-42 intersected 1.00 g/t Au over 26.8m starting at 2.4m depth and bottomed in mineralization. Mapping and sampling by Nevada King in 2021 revealed gold mineralization within strongly silicified collapse breccias that is closely associated with the same weakly mineralized felsic dikes, observed throughout the resource zone. Subsequent CSAMT (Controlled-source Audio Frequency Magnetotellurics) surveys across the resource zone and adjacent ERT in 2022 and 2023 outlined near-vertical, low resistivity bodies interpreted as high-angle, sub-volcanic intrusions directly beneath the observed surface mineralization within both the resource zone and ERT. This geophysical data prompted the Company to construct roads and drill 15 widely spaced RC holes across the southern part of the ERT in 2024, looking for additional mineralization that could expand the resource and decrease the strip ratio. Notable results from that program included 22.9m grading 1.32 g/t Au starting at surface in hole AT24ET-11, and 21.3m grading 0.53 g/t Au starting at 12.2m in hole AT24ET-13. Most importantly, hole AT24ET-15 intersected 36.6m of continuous 0.16 g/t Au within a strongly altered tuff dike intrusion and bottomed in mineralization at a depth of 79.3m. This intercept confirmed a direct geological link between surface mineralization at the ERT and mineralized intrusive material at depth, which is also seen repeated throughout the resource zone along major controlling, high angle structures. Access to a much smaller and more cost-effective RAB drill in early 2026 prompted a review of earlier ERT drill results and renewed mapping/sampling. The ensuing structural reinterpretation pointed to potential mineralization along north-south trending, high angle normal faults, similar to those in the adjacent resource zone, that might be obscured by deep talus and colluvium along the steep slopes. Based on this reinterpretation, the Company initiated RAB drilling early this year within its patented claim group along existing roads, testing several suspected north-south fault zones. The high-grade intercepts reported reveal the presence of "blind" mineralized faults that validate this revised structural model, and at this early stage, suggest potential for additional near-surface mineralization east of the current resource. More detailed mapping and surface sampling is currently underway across the northern part of the ERT within a large area devoid of historical drilling. Building on what has been learned further south along the ERT, a new structural model for this northern portion is being drafted in preparation for constructing new roads and drill pads that were initially permitted in 2023 but never built. The geology in the northern and southern portions is identical, featuring intrusive-dominated gold mineralization centred along northerly-trending, high angle faults. Assay results released from the East Ridge Target RAB drilling are all vertical holes. AuEq based on USD 2,200/oz Au, USD 25/oz Ag, and Au/Ag recovery averages from Phase II metallurgical work, as applied to the mineral resource estimate. * Denotes drill holes bottoming in mineralization. All RC and RAB samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight. CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in Reno, Nevada, with full custody being maintained at all times. At American Assay Lab, samples were weighed then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns to produce a 300g pulverized split. 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. The scientific and technical information in this news release has been reviewed and approved by Nevada King VP Exploration, Justin Daley, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101 ("NI 43-101").