Fourth Rig Mobilized To To Atlanta Gold Mine Project

VANCOUVER - Nevada King Gold Corp. reported the mobilization of a diamond core drill to its 5,166 hectare (51.6km2), Atlanta Gold Mine Project, located in the Battle Mountain Trend, 264km northeast of Las Vegas, Nevada. There are now four drill rigs operating at Atlanta – three reverse circulation ("RC") rigs and one diamond core drill.

Core drilling will focus on a series of six strategically placed PQ holes totaling 1,480m along high-grade corridors in and around the historic Atlanta Pit that will be used for the ongoing metallurgical testing program as well as confirmation of proximal RC hole results. The Company continues to utilize one RC rig to define deeper mineralization within the West Atlanta Graben ("WAG") while a second RC rig is targeting shallower mineralization along the Atlanta Mine Fault Zone with closer-spaced drilling designed to better define high-grade zones discovered by Nevada King within the main resource area. A third RC rig is currently drilling a series of widely spaced exploration holes at the Western Knolls prospect, located 5.5km west of the Atlanta Pit, testing a variety of geochemical and geophysical anomalies. From inception of the Phase I drill program in June 2021, into the continuation of Phase II, Nevada King has drilled 346 RC holes totaling 55,186m and 17 core holes totaling 1,398m, for a total of 56,584m. Assays from 234 drill holes totaling 32,876m have been reported with results pending for 129 drill holes totaling 22,314m. The existing resource model at Atlanta is based on 71 historic drill holes and does not incorporate any of the Phase I or II drilling completed by Nevada King to date – drilling that continues to expand mineralization northward and southward outside of the resource model, as well as westward into the WAG.