NEVADA KING RECEIVES APPROVAL FROM BUREAU OF LAND MANAGEMENT FOR 47 ADDITIONAL DRILL PADS AND NEW ROAD CONSTRUCTION AS PART OF ITS PHASE III DRILL PROGRAM AT ATLANTA

Core Viewpoint - Nevada King Gold Corp. has received a Finding of No Significant Impact (FONSI) from the Bureau of Land Management (BLM) and approval from the State of Nevada for a minor modification to its existing Plan of Operations at the Atlanta Gold Mine Project, allowing for additional drilling and road construction [1][4]. Summary by Relevant Sections Company Operations - The approved modification allows for 47 additional drill sites and 1.9 km of new drill road construction throughout the Atlanta District [6]. - As of February 3, 2025, 650 meters of new roads along the South Quartzite Ridge Target (SQRT) have been completed [6]. - The current drilling program, initiated on October 16, 2024, has completed 11,870 meters covering 49 holes out of a planned 20,000 meters of reverse circulation drilling [6]. Exploration and Resource Potential - The new modification enhances access to the southern half of the SQRT and the Silver Park region, enabling closer spacing of existing holes and following structural trends identified in CSAMT data [4]. - The drilling aims to expand mineralization southward from the resource zone and identify new satellite deposits within the Atlanta District [6]. - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 460,000 ounces of gold in the measured and indicated category, along with an inferred resource of 142,000 ounces [9][10]. Technical Details - The QA/QC protocols for the Atlanta Project involve splitting RC samples at the drill site and maintaining full custody during transport to American Assay Lab in Reno, Nevada [5]. - The laboratory processes include a four acid + boric acid digestion and conventional multi-element ICP-OES analysis, with gold assays conducted using a lead fire assay method [7].