NEVADA KING CLOSES $16.3 MILLION FINANCING INCLUDING A $10.4M STRATEGIC INVESTMENT BY CENTERRA GOLD INC.

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NEVADA KING CLOSES $16.3 MILLION FINANCING INCLUDING A $10.4M 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 This news release is not for distribution to U.S. newswire services for dissemination in the United StatesVANCOUVER, BC, April 10, 2026 /CNW/ - Nevada King Gold Corp. (TSX-V: NKG) (OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it has completed its previously announced non-brokered private placement of common shares of the Company (the "Common Shares"), pursuant to which the Company has issued an aggregate of 77,739,774 Common Shares at a price of C$0.21 per Common Share, for aggregate gross proceeds of approximately C$16.3 million (the "Financing"). Centerra Gold Inc. ("Centerra") acquired 49,681,622 Common Shares, representing 9.9% of the issued and outstanding Common Shares following completion of the Financing, for gross proceeds of approximately C$10.4 million (the "Strategic Investment"). Both the Chairman of Nevada King, Collin Kettell, and the largest shareholder, Michael Parker, also participated in the Financing to maintain their approximate pro-rata ownership positions in the issued and outstanding Common Shares, for aggregate gross proceeds of approximately C$5.9 million. The Company intends to use the net proceeds from the Financing to continue regional and reconnaissance exploration across the Atlanta Gold Mine Project property especially high priority targets of Silver Park, Atlanta South, Atlanta North, and Western Rim, as well as for general working capital purposes.In connection with the Strategic Investment, Nevada King and Centerra entered into an investor rights agreement, pursuant to which, subject to certain conditions, including maintaining an ownership threshold of at least 5% of the outstanding Common Shares, Centerra has been granted financing participation rights and information rights, among other customary terms.The Financing is subject to the final acceptance of the TSX Venture Exchange. No finder's fees were paid in connection with the Financing.The Common Shares issued under the Fi...

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