Update On Drill Program At The Atlanta Gold Mine Project

VANCOUVER - Nevada King Gold Corp. reported on its Phase II resource expansion and definition drilling program at its 5,166 hectare (51.6km2), 100%-owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. From inception of the Phase I (5,550m) Atlanta program in June 2021, followed by the ongoing Phase II program starting June 2022, Nevada King has completed 320 reverse-circulation (RC) holes totaling 50,145m and 17 core holes totaling 1,398m for a total of 51,543m drilled. The three RC rigs currently operating at Atlanta have been largely focused on completing drilling within the Atlanta Mine Fault Zone ("AMFZ") and the West Atlanta Graben (WAG). One of the drills is now being utilized for testing geochemical and geophysical targets elsewhere within the Atlanta District, looking for additional deposits. To date Nevada King has reported assays from 221 holes covering 31,104m with results pending from 116 drill holes totaling 20,439m.

Cal Herron, Exploration Manager, said, "With the addition of two track-mounted RC drills this past May, the Company rapidly expanded drill production along the AMFZ and WAG. Over the past four months our knowledge regarding geometry of the structural controls over high-grade mineralization has increased dramatically, which has enabled us to consistently track higher-grade (>1.5 g/t Au) and thicker (>50m) mineralized zones within a very large, sub-horizontal lower grade (0.20-1.5 g/t Au) gold-silver horizon occurring west of the AMFZ, which also encompasses the WAG. This horizon currently measures 850m long N-S by 325m wide and remains open to the west and south. As our drilling program heads towards winter we will continue to define the higher grade Au-Ag values in the WAG and firmly merge it into the AMFZ, thereby forming a cohesive zone that should figure prominently in a future resource model."