Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (December 2025)
35 slides from Nevada King Gold's investor presentation, December 2025
Slide 1: Growing a High-Grade Oxide Discovery in Nevada
GROWING A High-Grade Oxide Discovery IN Nevada TSX-V: NKG 2025 OTCQB: NKGFF
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events or Nevada King Gold Corp. (“Nevada King” or “the Company”) future performance, business prospects or opportunities. Any
Slide 3: Why Invest in Nevada King Now
Why Invest in Nevada King Now +1moz at +1g/t oxide 100% owned expansive Expedited pathway gold resource - one of property in the world’s best to production with the highest grades among mining jurisdiction with a disturbed site and oxide developers. resource on patented land. existing infrastructure
Slide 4: About the Atlanta Gold Mine Project
About the Atlanta Atlanta is a past-producing, open-pit gold mine, located 264km northeast of Las Vegas, Nevada. Gold Mine Project area covers 13,000 hectares (130km2), encompassing the Atlanta Caldera. Project NI 43-101 resource of 1,020koz at 1.14g/t Au M&I + 99koz at 0.84g/t Au Inferred; M&I ounc
Slide 5: Driven and Aligned Management and Board
Driven and Aligned Management and Board John Sclodnick Cal Herron, P.Geo. Collin Kettell Chief Executive Officer & Director Exploration Manager Founder & Chairman John Sclodnick has worked in equity research for President of Quest Geological Consultants, a geo- Mr. Kettell is a seasoned entrepreneur
Slide 6: The Best State for Mining in the US is Getting Better
The Best State for Mining in the US is Getting Better • Nevada accounted for 70% of US gold production and was ranked the #2 mining jurisdiction in 2024 for investment attractiveness by the Fraser Institute. • Permitting mines in the US is getting faster and more transparent with the recent Executiv
Slide 7: Atlanta Gold Mine History
Atlanta Gold Mine History • Discovered in the late 19th century and was the site of underground and small-scale surface mining (1905-1966). • Open pit production (1975-1985) recovered 110,000 oz Au and 800,000 oz Ag from 1.5M tons. • Two other historic mines are located on the property: the Silver P
Slide 8: Infrastructure & Permitting
Road to Pioche Geology Office Modular Crew Quarters Power Lines Infrastructure & Permitting Core Shack Road to Ely • Deeded 15-mile electrical power line is operational to the site with private substation. • Private water well delivers ample water to project. • Modular crew quarters on-site for expl
Slide 9: Excellent Access
NEVADA UTAH EUREKA Excellent ELY Access Project is located 15 miles from Highway 93 Atlanta along county- Gold Mine maintained roads, Project providing year- 93 round access. Atlanta is removed from population PIOCHE centers and is not visible from main roads, streamlining potential permitting timel
Slide 10: The Atlanta District
The Atlanta District ATLANTA REGIONAL • Gold mineralization at Atlanta is found TARGET MAP along the rim of the 6km wide Atlanta Atlanta Caldera Margin Ryan Springs Caldera Margin resurgent caldera. West Atlanta Fault Trace Target Boundaries ATLANTA NORTH Nevada King Claim Boundary • The Atlanta ope
Slide 11: Seeing Atlanta's Potential
Seeing Atlanta’s Potential A Phase I drill program in 2021 identified previously unrecognized high-grade gold starting at the bottom of the Atlanta pit, as well as high-grade gold 560m north of the pit. This demonstrated a larger footprint for high-grade gold than previously recognized at Atlanta an
Slide 12: A New Interpretation at Atlanta
A New Interpretation at Atlanta Prior explorers adhered to a model whereby high-grade Nevada King’s drilling identified step down structures gold concentrated along a single 45 degree controlling along a braided network of faults that provide multiple vein fed by a single fault. plumbing pathways fo
Slide 13: Phase II: Infill and Expansion at Atlanta
Phase II: Infill and Expansion at Atlanta • With this new interpretation in mind, the Company launched a Phase II drill program (2022-2024) that included ~75,000m of drilling, focusing on infilling the resource area and expanding mineralization in all directions and at depth. Major Faults North-Sout
Slide 14: Highlight Intervals
Highlight Intervals Nevada King has consistently drilled high-grade gold and silver grades over significant intercepts with all drilling in oxide material. Ea AT23NS-174 3 st A tla 4 AT23WS-23C.1 nta West Atlanta #2 Fault Fa ult Below are 10 of the most significant intercepts. We st A tla Ea nta Hol
Slide 15: High-Grade Oxide Results at Atlanta
0 100 200 300 400 500 600 700 800 900 1.000 Madison Estelle Brewer Golden Summit Golden Summit Philadelphia Atlanta Colosseum Madison Atlanta the top 100. Whistler Golden Summit Golden Summit Atlanta Golden Summit Colosseum Atlanta Golden Summit Golden Summit Atlanta Golden Summit Mohave Colosseum G
Slide 16: 1,020koz oxide M&I at 1.14 g/t Au with high-grade core
1,020koz oxide M&I at 1.14 g/t Au with high-grade core 91% of Ounces in M&I 2025 Mineral Resource Estimate for the Atlanta Gold Mine Project Tonnes Au g/t Au oz Ag g/t Ag oz AuEq g/t AuEq oz M&I 27,710,300 1.14 1,019,600 9.75 8,687,400 1.20 1,069,700 Inferred 3,638,400 0.84 98,500 2.56 299,500 0.85
Slide 17: One of the Highest Grade Oxide Gold Projects
Grade (g/t Au) 1.20 1.00 1.40 0.20 0.00 0.40 0.80 0.60 Colosseum (CA) Atlanta (NV) Beartrack-Arnett (ID) Lemhi (ID) Silicon (NV) Quartz Mountain (OR) Santa Fe (NV) Railroad-Pinion (NV) One of the Highest Spring Valley (NV) Long Valley (CA) Mercur (UT) Nutmeg Mountain (ID) Cahuilla (CA) Eastside (NV)
Slide 18: Favorable Metallurgy at Atlanta
Favorable Metallurgy at Atlanta All SBX & High-Grade/Silicified ATLANTA Low-Grade Volcanics GENERALIZED Volcanics Primary/Secondary Crusher FLOWSHEET High Pressure Grinding Roll (HPGR) Ball Mill Cyanide Tank Au/Ag Recovery via Merrill Crowe Process ROM Heap Leach Leach/CCD Circuit MATERIAL GOLD EXTR
Slide 19: Phase III: Regional Drilling and Looking for the Next Deposit
Phase III: Regional Drilling and Looking for the Next Deposit • The Company achieved its goal for the Phase III 30,000m regional exploration program, which ATLANTA REGIONAL TARGET MAP was to find more shallow oxide gold deposits, Atlanta Caldera Margin Ryan Springs Caldera Margin West Atlanta Fault
Slide 20: Phase 4: Advancing the Pipeline of Targets Towards Resource Conversion
Phase 4: Advancing the Pipeline of Targets Towards Resource Conversion • Phase 4 will consist of an initial 20,000m of drilling and is designed to continue our systematic process of: 1. Identifying new near-surface oxide zones; 2. Testing structural controls and vectoring toward higher grade domains
Slide 21: Silver Park: The Other Half of the Atlanta Deposit?
Silver Park: The Other Half of the Atlanta Deposit? • The historical Silver Park mine also sits on patented claims, and drilling has confirmed a strong geological and geochemical connection with the ARZ, with both areas mineralized along the same unconformity, from the same hydrothermal event, and w
Slide 22: Atlanta South: Potential for a Large Carlin Type Deposit
Atlanta South: Permitted drill site Potential for a Large NKG Phase III drill hole Historical pit Regional targets Carlin Type Deposit West Atlanta fault trace 2025 pit resource outline 0 1km • Mineralization intercepted in Phase 3 is hosted within Pogonip Limestone, a key host for Carlin-type gold
Slide 23: Atlanta North: An Emerging Shallow Target
Atlanta North: An Emerging Permitted drill site Historical drill holes NKG Phase III drill hole Shallow Target Resource pit outline Regional targets AT25FN-6 0.28 g/t Au / 36.6m West Atlanta fault trace 0 1km • Atlanta North is the newest target added to the pipeline of exploration areas to be advan
Slide 24: Western Rim: Early Indications of a Potentially Large Gold System
Western Rim: Early Indications of a Potentially Large Gold System • Western Rim represents a large-scale early-stage opportunity characterized by multidirectional quartz veins hosting Au–Ag–As–Mo mineralization traced over approximately 2.5km, with individual veins extending up to 1km. • Rock chip s
Slide 25: The Value of an Oxide Gold Deposit in Nevada
The Value of an Oxide Gold Deposit in Nevada COMPANY PROJECT RESOURCE M OZ GRADE YEAR VALUE VALUE/OZ g/t ACQUIRED (USD) M&I 3.66 0.77 Corvus Gold Inc. Mother Lode/North Bullfrog 2021 $370M $87 Inferred 0.58 0.31 M&I 0.17 0.71 Waterton Global Inc. Goldfield 2022 $207M $690 Inferred 0.13 0.51 M&I Nil
Slide 26: Attractive Valuation and Entry Point
Attractive Valuation and Entry Point Gold Developers P/NAV Gold Developers EV/oz 0.50 400 0.45 350 0.40 300 0.35 250 0.30 0.25 200 0.20 150 0.15 100 0.10 50 0.05 0.00 0 NKG TLG SLVR PRB SGD SKE NKG AOT LGD TLG PRB SGD SKE P/NAV Average EV/oz Average NKG is trading at a 62% discount to peers on P/NAV
Slide 27: Share Structure
Institutional Shareholders Share Structure 14% Shares Outstanding Institutional 424,094,795 Investors Options Analyst Coverage 23,040,000 37% Management Mike Niehuser Fully Diluted Shares Outstanding & Insiders mniehuser@roth.com 447,134,795 (949) 402-5336 ROTH: Target speculative buy C$0.65 49% Mar
Slide 28: The Hallmarks of a Large Gold System
The Hallmarks of a Large Gold System INTRUSIVE BONANZA GOLD Atlanta is an intrusive dominated Atlanta is now known to generate system. These systems can very high-grade gold and silver generate multi-million ounce and over a large footprint, exhibiting gold systems, such as Round the strength of the
Slide 29: John Sclodnick
John Sclodnick CEO john@nevadaking.ca nevadaking.ca T S X-V : N KG | OTCQ B : N KG F F
Slide 30: Nevada King Appendix
NEVADA KING APPENDIX
Slide 31: Notes to the MRE
Notes to the MRE 1. The Mineral Resources have been prepared by Jeff Bickel, 5. Additional inputs for Whittle pit-optimization include: mining C.P.G. of RESPEC (formerly Mine Development Associates) in costs of US$2.17/tonne mined; remaining costs of US$1.63/tonne conformity with CIM “Estimation of
Slide 32: Round Mountain Analogy
Round Mountain Analogy Western NV Central NV Indian Peak- Caliente Silicic Ignimbrite Andesite Lava caldera caldera caldera 42° Ca l i fo r n i a Nevada Utah 06 0.7 i= 86 Sr • Round Mountain is a major open pit gold producer operated by Kinross Gold G R E AT 87 S r/ Salt Lake City Corp. with a 23.6
Slide 33: Regional Target Map
Regional Target Map Permitting is underway for the ATLANTA STOCK Company’s planned Phase III 7 6 CSAMT L21 regional exploration program. 4 Details of the program include: 5 CSAMT L15 • 80 proposed drill sites. 10 8 14 13 CSAMT L9 15 • 15 large regional targets with 12 9 11 2 3 many individual target
Slide 34: Regional Targets - CSAMT
Regional Targets - CSAMT ATLANTA NORTH ATLANTA NORTH • High priority regional targets LONE RANGER TARGET NORTHEAST TARGET BOUNTY TARGET CROSSROADS TARGET BOUNTY TARGET JUMBO TARGET occur where intrusive bodies Paleozoic Basement Post-mineral Volcanic Cover coincide with major basement Paleozoic Base
Slide 35: Discovery of a Bonanza Grade Jewelry Box
Discovery of a Bonanza Grade Jewelry Box In October 2023, the Company announced a bonanza grade oxide gold intercept with 11.64 g/t Au over 108.3M, including 37.16 g/t Au over 29M in hole AT23WS-44. • Hole 20 was drilled 20m west SILTSTONE AT23WS-20 AT23WS-44 AT23WS-5C CONCEPTUAL ATLANTA of hole 44
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