NEVADA KING ANNOUNCES $16 MILLION FINANCING INCLUDING A $10M STRATEGIC INVESTMENT BY CENTERRA GOLD INC.

About this update from Nevada King Gold Corp

NEVADA KING ANNOUNCES $16 MILLION FINANCING INCLUDING A $10M STRATEGIC INVESTMENT BY CENTERRA GOLD INC. /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/VANCOUVER, BC, March 24, 2026 /CNW/ - Nevada King Gold Corp. (TSX-V: NKG; OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company ("Common Shares"), which is fully subscribed, for total gross proceeds of approximately C$16 million (the "Financing"). In connection with the Financing, the Company has entered into a subscription agreement with Centerra Gold Inc. ("Centerra") pursuant to which Centerra will acquire 9.9% of the issued and outstanding Common Shares at a price of C$0.21 per Common Share (the "Issue Price"), matching the 20-day VWAP of the Common Shares on the TSX Venture Exchange, for anticipated gross proceeds of approximately C$10 million (the "Strategic Investment"). Both the Chairman of Nevada King, Collin Kettell, and the largest shareholder, Michael Parker, intend to participate in the Financing to maintain their pro-rata ownership positions in the Common Shares, for anticipated gross proceeds of approximately C$6 million. John Sclodnick, CEO of Nevada King, commented: "This strategic investment from Centerra culminates a lengthy period of due diligence and is a strong endorsement for both the quality and growth potential of the Atlanta Gold Mine Project, as well as for Nevada King's exploration team. With the bolstered treasury, the Company is now in a position to advance our ambitious exploration program at Atlanta to truly define the district scale potential of one of the highest grade, open pit, oxide gold projects in Nevada, a top mining jurisdiction in the world. We're excited to welcome Centerra as a new shareholder, a highly reputable and technically strong intermediate gold producer with assets in Nevada and the Great Basin area."The Company intends to use the net proceeds from the Financing to continue re...

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