NEVADA KING EXPANDS SILVER PARK EAST MINERALIZATION WITH 350M STEP-OUT, INTERCEPTS 0.93 G/T AUEQ OVER 14.6M STARTING AT SURFACE

Core Insights - Nevada King Gold Corp. has announced positive assay results from the Silver Park East target, indicating significant mineralization in the Atlanta Gold Mine Project [1][5] Exploration Results - The assay results include a highlight of 0.93 g/t AuEq over 14.6m from hole B25-101, located 350m south of the main SPE zone, confirming surface oxide gold-silver mineralization [2][3] - Additional drilling has extended the main SPE zone by 50m west, confirming a mineralized footprint of 300m by 500m at SPE [3][5] - The ongoing Phase 4 drilling program has completed 2,100m of a fully funded 20,000m exploration initiative, with further assay results expected later this month [10] Mineralization Characteristics - Mineralization at SPE is primarily hosted along an unconformity within silicified breccia, similar to the Atlanta Resource Zone, indicating a large-scale system [5][14] - The RAB drilling has confirmed the presence of mineralization at shallow depths, with notable results from holes B25-100 and B25-101, which bottomed in mineralization [4][14] Historical Context - The decision to drill 350m south of the main SPE zone was influenced by a historic drill hole from 2005 that encountered 0.45 g/t AuEq over 38.1m, demonstrating structural continuity within the mineralized zones [14] Resource Estimates - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020,000 ounces of gold in the measured and indicated category, along with an inferred resource of 99,000 ounces [13][16]