NEVADA KING RECEIVES BLM APPROVAL FOR 482 ADDITIONAL DRILL SITES, ADDS THIRD DRILL RIG TO ACCELERATE FULLY FUNDED 40,000M DRILL PROGRAM

About this update from Nevada King Gold Corp

VANCOUVER, BC, July 16, 2026 /CNW/ -- Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) (" Nevada King " or the " Company ") is pleased to announce that it has received approval from the Bureau of Land Management (" BLM ") for the fifth and most extensive modification to its Plan of Operations (" PoO Mod 5 ") at its 100% owned 130km2 Atlanta Gold Mine Project (" Atlanta ") in eastern Nevada. Highlights: John Sclodnick, CEO of Nevada King, stated: "Our team is excited to accelerate exploration at Atlanta as we return to several areas where prior drilling encountered mineralized gold and silver intercepts. We continue to experience tremendous benefits from our Nevada location, not just from the compelling mineral endowment, but also from the clear, predictable permitting pathway. Our fifth consecutive modification to the Plan of Operations demonstrates this permitting efficiency as well as the trusted relationship we have built with our regulators. We greatly appreciate the BLM's continued support and its thorough, efficient review, which was completed just two months after our formal submission." The 482 drill sites approved today are primarily clustered in the Atlanta South, Silver Park, and Western Rim target areas (see Figure 1) and the Company has benefitted from the combination of both RAB and RC drilling. RAB drilling provides the Company with a rapid, low-cost, and efficient method of drilling through overburden and testing bedrock to identify mineralization and tracer elements. RC drilling, meanwhile, will test targets identified through prior drilling and exploration work with the goal of intercepting economic mineralization. The total new area of disturbance under the PoO Mod 5 is 21.1 acres increasing the project total to 73.4 acres.

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