More Significant Oxide Gold-Antimony Results From Limousine Butte Project

VANCOUVER - NevGold Corp. has discovered further significant oxide gold-antimony drill results at its Limousine Butte Project in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Further positive, near-surface, oxide gold-antimony historical drillholes at Resurrection Ridge include:  1) LB023: 2.11 g/t AuEq over 67.1 meters (1.30 g/t Au and 0.18% Sb), including 4.29 g/t AuEq* over 30.5 meters (2.79 g/t Au and 0.33% Sb), and also including 7.12 g/t AuEq* over 16.8 meters (5.05 g/t Au and 0.46% Sb). 2) LB029: 1.16 g/t AuEq* over 79.3 meters (0.53 g/t Au and 0.14% Sb), including 1.86 g/t AuEq* over 18.3 meters (0.53 g/t Au and 0.14% Sb).

Drillholes at Resurrection Ridge are drilled with spacing showing strong potential to advance the Project to an initial gold-antimony Mineral Resource Estimate (MRE). Resurrection Ridge and Cadillac Valley oxide gold-antimony mineralization footprint demonstrates the significant oxide gold-antimony potential across a large, open mineralized footprint. All areas at the Project with gold-antimony potential are permitted and ready to drill under the Limo Butte Plan of Operations (PoO). NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony; large portions of the existing database were not analyzed for antimony creating a significant, low-cost opportunity to re-assay historical drilling.

CEO, Brandon Bonifacio, said, “The discovery of more significant oxide gold-antimony drill results at Resurrection Ridge continues to be a key development at our emerging Limo Butte oxide gold-antimony project. Drillholes at Resurrection Ridge have been drilled with spacing showing strong potential to advance the target area to an initial Mineral Resource Estimate (MRE). We have now defined two large mineralization footprints at both Resurrection Ridge and Cadillac Valley, and the oxide gold-antimony grades, near-surface mineralization, and hole thickness highlight the significant gold-antimony opportunity at the Project. As we have stated in previous news releases, we continue to analyze and re-assay holes from both Resurrection Ridge and Cadillac Valley and we still have a number of holes to release with combined gold-antimony results. To date, we have released a total of 15 holes, and we will have frequent updates as we receive further assays from the lab. The timing and market conditions continue to improve, and this is an optimal environment to advance the gold-antimony potential at Limo Butte as there is a clear commitment from the United States to advance high-quality, domestic, mineral projects.”