Lewis Gold Project Phase II RC Program Begins

VANCOUVER - Nevada King Gold Corp.has commenced a 4,500-meter, Phase II reverse-circulation (RC) drilling program at its 5,500-hectare, 100%-owned Lewis Gold Project, located approximately 21km south of Battle Mountain, Nevada, within the heart of the Battle Mountain Gold Trend. The drill program will consist of 25 priority RC holes averaging 180m in depth. Placement of 19 secondary holes will depend in large part on assay results from the first-pass priority drilling. Key project objectives include: (1) connecting the Upper Rocky Canyon, Celestine O'Neal, and Record historical drill targets in order to test a much larger resource area, and (2) drill-define major structures controlling shallow gold mineralization in Upper Plate rocks that can subsequently be tracked to depth into the Lower Plate stratigraphy with deep core drilling. Lower Plate stratigraphy is host to a number of large gold deposits on the Battle Mountain Trend including Barrick's world-class Pipeline and Cortez mines. Gold mineralization is commonly found as leakage into the Upper Plate above such large Lower Plate hosted deposits and following mineralized structures into the Lower Plate has been successfully used in the discovery of a number of large Lower Plate hosted gold deposits.

Exploration Manager, Cal Herron, P.Geo., said, "Lewis is a large, highly prospective land package located in the heart of Nevada's "elephant" country, hosting unusually strong, widespread gold mineralization in Upper Plate siliceous rocks. Drilling in 2021 at the Celestine O'Neal target within the Lewis Project revealed the presence of a strong epithermal gold system with notable intercepts including 83.9m grading 1.04 g/t Au and 54.9m grading 1.3 g/t Au. Given the strong, widespread gold mineralization in Upper Plate rocks, good potential exists for much stronger gold mineralization in carbonate rocks beneath the Roberts Mountain Thrust. Many past gold explorers in Nevada have recognized this potential at Lewis, but did not know where or how deep to look, and consequently very few historical holes were drilled to depth. Receipt earlier this year of a re-interpretation of detailed ground gravity data collected in 2021 offers insights into the deep potential at Lewis for Lower Plate hosted gold targets. The 2022 drilling will help to define structural controls related to the shallow gold mineralization that may vector us downward into Lower Plate-hosted mineralization. Gold in the Lower Plate is the real prize at Lewis, so we should have a much better understanding of the district's shallow and deep potential upon conclusion of this drill program."