Nevada King Gold Doubles Phase 4 Drill Program To 40,000 Metres, Provides Assay Results From Silver Park, And A Project Wide Permitting Update

About this update from Nevada King Gold Corp

VANCOUVER, BC, April 28, 2026 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to provide a comprehensive update on its exploration and permitting activities at its 100% owned 130km2 Atlanta Gold Mine Project ("Atlanta") in eastern Nevada. Overview: Drill program expanded by 100%: The planned Phase 4 exploration program has been increased from 20,000 metres to 40,000 metres of reverse circulation ("RC") drilling to aggressively test district-scale targets. Positive BLM permitting decision: Approval received from the Bureau of Land Management ("BLM") for the Western Rim Notice of Intent ("NOI") allowing for immediate drilling from 33 RC sites where the Company recently sampled 20.8 g/t Au at surface, the highest ever recorded rock chip sample at Atlanta. Silver Park East drill results: Assay results from 18 new holes continues to define a large, mineralized footprint, including 0.30 g/t Au over 39.6m (Hole AT26SP-61) and 0.14 g/t Au over 158.5m (Hole AT26-SP-62) both starting near surface. Strategic permitting progress: The Company is advancing its fifth and most extensive modification to its Plan of Operations ("PoO Mod 5") covering 78 additional RC drill sites and 404 RAB drill locations, which will allow follow up on key mineralized targets. Expanded 2026 Drilling Program Since releasing the updated mineral resource estimate for the Atlanta Resource Zone ("ARZ"), which included drilling completed during Phase 1 and 2 drilling, the Company has shifted its exploration focus toward testing the full district scale potential of its 130km2 land package which encompasses the entire Atlanta Caldera. The location of the current resource along the caldera margin, coupled with bonanza grade mineralization, suggests a robust mineralizing system with significant potential for discovery along the largely untested caldera rim, including additional high-grade zones elsewhere along the caldera margin. During 2025, Nevada King completed approximately 30,000 metres of reconnaissance exploration drilling across three underexplored target areas of Silver Park, Atlanta South, and Atlanta North, all of which encountered intercepts above the ARZ cut-off grade of 0.14g/t AuEq. At Silver Park East ("SPE"), a clustering of mineralized intercepts prompted advancement from reconnaissance to infill stage drilling, which ...

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