NEVADA CANYON RESPONDS TO OTC MARKETS REQUEST ON RECENT PROMOTIONAL ACTIVITY

Promotional Activity and Trading - The company was informed by OTC Markets about promotional activities concerning its common shares, including the distribution of two promotional newsletter emails by Sideways Frequency LLC (SFL) and its subsidiaries [2] - SFL is a third-party digital marketing firm retained by the company to provide digital corporate marketing and advertising services to raise public awareness [3] - The company provided SFL with publicly available information for the newsletters and reviewed the materials for accuracy before dissemination [4] - The promotional activity coincided with increased trading activity in the common shares starting on January 10, 2025, though the company has no opinion on whether the promotional activity directly affected trading [5] Share Issuance and Lock-up Agreements - On December 30, 2021, the company issued 6,005,000 shares of restricted common stock to its directors, subject to a 36-month lock-up and vesting agreement, at par value for a total cash consideration of $601 [8] - On November 7, 2022, the company issued 2,392,301 shares of common stock at $0.375 per share upon conversion of notes issued as part of a $1,000,000 financing announced on September 13, 2021 [9] Company Overview - Nevada Canyon Gold Corp is a US-based natural resource company headquartered in Reno, Nevada, with a large strategic land position and royalties in multiple projects within Nevada's high-grade historical mining districts [10] - The company operates under a three-fold business model: mineral royalty creation and acquisition, precious-metals and exploration streaming & financing, and exploration project acceleration [10]