Additional Gold-Antimony Potential Discovered At Limousine Butte Project

VANCOUVER - NevGold Corp. has discovered further significant oxide gold-antimony 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.

Further positive, near-surface, oxide gold-antimony drillholes at Resurrection Ridge including: 1) LB21-002: 2.19 g/t AuEq* over 64.0 meters (0.72 g/t Au and 0.33% Sb), including 4.17 g/t AuEq* over 24.1 meters (1.47 g/t Au and 0.60% Sb), and also including 10.86 g/t AuEq over 4.50 meters (1.43 g/t Au and 2.10% Sb). 2) LB21-003: 2.68 g/t AuEq* over 20.1 meters (1.91 g/t Au and 0.17% Sb). 3) Gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.

Drillholes at Resurrection Ridge are drilled with spacing showing strong potential to advance the Project to an initial gold-antimony Mineral Resource Estimate (MRE). Metallurgical testwork program has commenced with over 100 kg bulk sample from the Project and NevGold core drilling.

Resurrection Ridge and Cadillac Valley oxide gold-antimony mineralization 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) approved in November-2024.

Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but drill intervals exceeded the limit; these samples are currently being re-assayed at American Assay Lab in Reno, Nevada. NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony.

Limo Butte Planned 2025 Activities - NevGold will continue its active exploration program at Limo Butte including: 1) Evaluate the historical geological database with focus on gold and antimony (in progress). 2) Re-analyze historical drilling with focus on gold and antimony (in progress). 3) Metallurgical testwork (in progress). 4) Drill test gold-antimony targets (subject to the results of the evaluation).

Brandon Bonifacio, said, “We continue to see exceptional oxide gold-antimony results from our Limo Butte Project in Nevada. The discovery of more significant oxide gold-antimony drill results at Resurrection Ridge continues to be a key development with the focus of advancing the Project to an initial Mineral Resource Estimate (MRE) in 2025. We have also recently commenced a robust metallurgical testwork program to define the optimal flowsheet to recover the gold and antimony, which is a key step for further project advancement. We still have a number of drillholes to release with combined gold-antimony results which will further build on the mineralization footprints that we have defined to date at Resurrection Ridge and Cadillac Valley. The timing and market conditions provide 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.”