Nevada King Gold Corp · TSXV:NKG
Nevada King Gold — Investor Presentation (June 2025)
44 slides from Nevada King Gold's investor presentation, June 2025
Slide 1: Growing a High-Grade Oxide Discovery in Nevada
GROWING A High-Grade Oxide Discovery IN Nevada TSX-V: NKG 2025 OTCQX: 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: Discover Nevada King Gold Corp.
Discover Nevada King Gold Corp. Advancing a Led by a well- One Corporate Best in class insider high-grade oxide capitalized and Objective: ownership at ~40% discovery at its highly experienced Demonstrate with ~C$40m invested 100%-owned Atlanta team with $3.5-billion multi-million-ounce by managemen
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 12,000 hectares (120km2), 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: 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 Whistler Golden Summit the top 100. Golden Summit Atlanta Golden Summit Colosseum Atlanta Golden Summit Golden Summit Atlanta Golden Summit Mohave Colosseum G
Slide 6: Experienced Management & Board
Experienced Management & Board MANAGEMENT INDEPENDENT DIRECTORS Paul Matysek, M.Sc. Craig Roberts, Founder & Executive Chairman P.Eng. (Retired) Mining engineer with over 30+ years of Serial entrepreneur, geochemist and geologist with 40+ years experience in mining. operations, consulting and invest
Slide 7: Past Exits by Management
With A Proven Track Record Same Founding Group as New Found Gold Corp. Management is responsible for cumulative exits of $3.5-billion, with hundreds of millions of dollars raised. COMPANY ACQUIRED BY YEAR AMOUNT ($CAD) PAST EXITS BY MANAGEMENT Gold X Mining Corp. Gran Colombia 2021 $365M Lithium X E
Slide 8: Technical Team
Technical Team Cal Herron, P.Geo. Geoff Sterling, B.Sc. Geo. Eng. Mac Jackson, Exploration Manager Geologist M.Sc., B.A. Geo. President of Quest Geological Consultants, a geo- B.Sc. in Geological Engineering from the Colorado Consulting Geologist consultancy group focused on minerals exploration Sch
Slide 9: The Best State for Mining in the US is Getting Better
The Best State for Mining in the US is Getting Better • Nevada was ranked the #1 mining jurisdiction in 2022 and the #2 mining jurisdiction in 2023 for investment attractiveness by the Fraser Institute. • Permitting mines in the US is getting faster and more transparent with the recent Executive Ord
Slide 10: Atlanta Gold Mine Overview
Atlanta Gold Mine Overview • 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. • Over 40,000m of drilling was conducted by Gold Fields, Kinross, a
Slide 11: 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 12: 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 13: A Supervolcano Setting
A Supervolcano Setting • Atlanta is located within the Indian Caldera Indian Peak-Caliente Peak-Caliente caldera complex, one of Caldera Complex the world’s largest supervolcanoes. • It is not active today, but 30 million years ago more than 5,500km3 of magma erupted during a one-week period near a
Slide 14: 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 1,562 resurgent caldera. CLAIMS COVERING West Atlanta Fault Trace Target Boundaries 120km2 ATLANTA NORTH Nevada King Cla
Slide 15: Pit Constrained Resource
Pit Constrained Resouce • 91% of the total gold ounces are 2025 Mineral Resource Estimate for categorized within the higher the Atlanta Gold Mine Project confidence M&I category, with Tonnes Au g/t Au oz Ag g/t Ag oz Aueq g/t Aueq oz just 9% in the inferred category M&I 27,710,300 1.14 1,019,600 9.7
Slide 16: Open Pit Gold Oxide Projects >1moz in the USA
Grade (g/t Au) 1.20 1.00 1.40 0.20 0.00 0.40 0.80 0.60 Colosseum Atlanta Beartrack-Arnett Lemhi Silicon Quartz Mountain Santa Fe >1moz in the USA Railroad-Pinion Spring Valley Long Valley Mercur Nutmeg Mountain Cahuilla Eastside Converse Open Pit Gold Oxide Projects Bullfrog Imperial Robertson Golds
Slide 17: Atlanta Discovery Timeline
Atlanta Discovery Timeline Phase I Drilling: Phase II Drilling: Phase III Drilling: Discovery of High-Grade Infill and Expansion Favourable Metallurgy District Scale Gold at Atlanta at Atlanta at Atlanta Exploration Slide 17 Slide 19 Slide 32 Slide 25 September 2021 February 2022 March 2024 2025 Dec
Slide 18: Phase I - Discovery at Atlanta
Phase I - Discovery at Atlanta 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 Atlant
Slide 19: 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 20: 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 21: 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 st
Slide 22: A Sample Cross Section
A Sample Cross Section Throughout the resource zone, gold mineralization occurs in two primary domains - the Atlanta Mine Fault Zone and the West Atlanta Graben Zone. W Atlanta Mine Fault Zone m CROSS SECTION 22-7N(4) E Atlanta Mine Fault Zone ATLANTA GOLD PROJECT 2000m 8.04m Gold mineralization in
Slide 23: 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
Slide 24: Multiple Jewelry Box Model at Atlanta
nta King Fault st Atlanta Fault t Atla t Atla AT23WS-44 AT23NS-133F nta F nta #1 Fault 11.64 g/t Au over 108.2m 6.55 g/t Au / 82.3m Including 37.16 g/t Au over 29.0m Including 26.71 g/t Au / 12.2m ault East Multiple Jewelry # West Atlanta #2 Fault West Atlant 1 Fau Ea SECTION st 22-11N Atl lt an ta
Slide 25: Important Findings from Phase II
Important Findings from Phase II • Phase II drilling defined three primary gold zones - the Atlanta Mine Fault Zone, the West Atlanta Graben Zone, and the North Extension Zone. • It validated the new geological model and pinpointed the location of primary feeders and faults. • Most importantly, it p
Slide 26: Phase III - Regional Drilling
Phase III - Regional Drilling • Nevada King has commenced a Phase III regional exploration ATLANTA REGIONAL TARGET MAP program with the goal of finding Atlanta Caldera Margin Ryan Springs Caldera Margin satellite deposits throughout the West Atlanta Fault Trace Target Boundaries ATLANTA NORTH distri
Slide 27: Atlanta South
Atlanta South • In July 2024, the Company made a discovery based off of a strong geophysical anomaly, intercepting 6.28 g/t Au over 54.9m in Hole 41 at the northern end of Atlanta South. Hole 41 occurs entirely in strongly altered intrusive rock, representing the first time that high-grade gold has
Slide 28: Atlanta South
Atlanta South • The ridge of Atlanta South represents a major anticline. Think of the roof of a house acting as a trap for CSAMT LINES mineralizing fluids coming up beneath it. Axial portions of anticlines constitute important traps for gold mineralization within Nevada and elsewhere throughout the
Slide 29: Silver Park
Silver Park • In May 2025, the Company announced that it had drilled the most significant mineralized interval outside of the Atlanta Resource Zone (ARZ), with hole AT25SP-21 intercepting 1.11 g/t AuEq over 25m, which is part of a 165m interval consisting of three separate mineralized horizons start
Slide 30: Silver Park
Silver Park • Silver Park was previously thought to be shallow supergene mineralization, without much potential for scale, but the Phase III drilling has changed that view entirely. • Drilling has confirmed strong gold and silver mineralization over a large area, and occurring along the same unconfo
Slide 31: 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 32: 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 33: Favorable Metallurgy at Atlanta
Favorable Metallurgy at Atlanta • Phase I metallurgical testwork supports strong recoveries using conventional Nevada oxide processing methods. Testing utilized three surface bulk samples and 19 composites from drill core, representing the full range of rock types and gold and silver grades encounte
Slide 34: The Value of an Oxide Gold Deposit in Nevada
The Value of an Oxide Gold Deposit in Nevada Note the resource grade is significantly higher than the majority of other projects. VALUE DEPOSIT GRADE YEAR COMPANY PROJECT M oz. ACQUIRER ($USD) SIZE g/t ACQUIRED M&I 1.40 2.36 Fronteer Gold Inc. Long Canyon $2.3B 2011 Newmont Mining Corp.1 Inferred 0.
Slide 35: Attractive Valuation and Entry Point
Attractive Valuation and Entry Point Gold Developers P/NAV Gold Developers EV/oz 0.50 250 0.45 0.40 200 0.35 0.30 150 0.25 0.20 100 0.15 0.10 50 0.05 0.00 0 NKG MAI AOT PRYM PRB TLG SGD SKE LGD TLG AOT PRB NKG PRYM MAI SGD SKE P/NAV Average EV/oz Average * Valuation data from Desjardins Capital Mark
Slide 36: Share Structure
Share Structure 11% Institutional Shareholders Shares Outstanding Institutional 424,094,795 Investors Options 23,040,000 38% Management Analyst Coverage Fully Diluted Shares Outstanding & Insiders 447,134,795 Mike Niehuser 51% Market Cap Share Price mniehuser@roth.com C$64m $0.15 (949) 402-5336 Othe
Slide 37: 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 38: Collin Kettell
Collin Kettell Founder & CEO collin@nevadaking.ca nevadaking.ca T S X-V : N KG | OTCQX : N KG F F
Slide 39: Nevada King Appendix
NEVADA KING APPENDIX
Slide 40: 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 41: 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 r/ • Round Mountain is a major open pit gold producer operated by Kinross Gold G R E AT 87 S Elko Salt Lake City Corp. with a
Slide 42: Round Mountain Analogy
Round Mountain Analogy CA BASIN & RANGE LDE MIGRA CALDERA FIELD RA FIELD CONCEPTUAL MAP TIO N Caldera Field Caldera Outline Prospective Mine Major Ring Caldera Ring Fractures Paleozoic Range • Subsequent erosion and younger volcanic events buried the Round Mountain Basin Caldera, initially creating
Slide 43: East Ridge Discovery
East Ridge Discovery CSAMT LINE 12 AT23ET-9 In July 2024, the Company drilled a new discovery at its East Ridge Target (“ERT”) with AT23ET-8 highlight interval of 1.32 g/t Au over 22.9m. A' AT23ET-7 CSAMT LINE 10 • The never before drilled ERT strikes approximately 1,000m north-south and is located
Slide 44: The East Ridge CSAMT Anomaly
The East Ridge CSAMT Anomaly • The ERT geophysical survey outlines near-vertical bodies of low resistivity, interpreted as mineralized high-angle intrusions (shown in red) cutting up through a highly resistive, unmineralized dolomite sequence (shown in blue). The transitional zones of the CSAMT (col