Reno, Nevada--(Newsfile Corp. - February 25, 2026) - Nevada Canyon Gold Corp. (OTCQX: NGLD) (the "Company" or "Nevada Canyon") is pleased to announce the final drill results from the 2025 reverse circulation ("RC") drill program on the Lapon Canyon Gold Project, (the "Project" or "Lapon Canyon"), as reported by Walker River Resources Corp. (TSXV: WRR) ("Walker River") (see WRR news release 02-25-2026). These results include 3.79 g/t Au over 85.34 m in hole LC-25-107 and continue to show the continuity and ...

Core Insights - Nevada Canyon Gold Corp. announced additional drill results from the 2025 reverse circulation drill program at the Lapon Canyon Gold Project, confirming the extension of gold mineralization to the south and east of the Hotspot [1][2][3] Company Overview - Nevada Canyon Gold Corp. has a $5 million Exploration Stream Earn-in Agreement for 50% of the Lapon Canyon Gold Project, which is 100% owned by Walker River Resources [1][3] - The company holds a 3% Net Smelter Royalty on the project [1] Drilling Results - The drilling results indicate significant extensions of gold mineralization, with notable findings including: - 3.35 g/t Au over 64m starting at 149.4m in hole LC-25-150, including 8.01 g/t Au over 19.9m [5] - 2.17 g/t Au over 86.9m starting at 126.5m in hole LC-25-156, including 21.8 g/t Au over 4.6m [5] - 1.38 g/t Au over 68.6m starting at 97.5m in hole LC-25-154 [5] - The drill program is focused on resource definition and exploration of new areas, with drilling extending significantly to the south and east [3][4] Project Potential - The occurrence of mineralization in different host rocks suggests the potential for a significant resource at the Lapon Canyon Project [3] - Ongoing work includes data compilation, interpretation, and resource modeling, aiming to complete an initial NI 43-101 compliant mineral resource [8] Management Commentary - The President of Nevada Canyon expressed optimism regarding the drill results, indicating that the exploration spending is expected to create value for shareholders [3] - The Chairman and CEO highlighted the consistent and significant results from the Lapon Canyon Project, emphasizing the quality of Nevada-based royalties and streams [4]

Core Insights - Nevada Canyon Gold Corp. announced additional drill results from the 2025 reverse circulation drill program at the Lapon Canyon Gold Project, indicating significant gold mineralization and potential resource growth [1][4][22] Drill Program Overview - The 2025 drill program at Lapon Canyon focuses on resource definition, with drilling both infill and offset along the Hotspot Zone and exploring a new upper drill road extension [2] - Drilling has confirmed that gold mineralization extends to the south and east of the Hotspot Zone, hosted in multiple bedrock units beyond the previously known altered granite [3] Significant Findings - Recent drill results show substantial gold mineralization in various rock types, including granodiorite, diorite, monzonite, and biotite-granite, with notable copper sulphide (chalcopyrite) observed [3] - The geometry of the gold system is largely sub-horizontal, with steeply dipping high-grade shoots indicating the potential for discovering new mineralized zones [3] Drill Results Highlights - Significant drill results include: - Hole LC-25-149: 2.35 g/t Au over 45.7 m starting at 126.5 m [5][6] - Hole LC-25-142: 1.62 g/t Au over 45.7 m starting at 112.8 m [5][6] - Additional notable results from other drill holes, with various intervals showing gold grades above 1 g/t [6][7] Future Prospects - The ongoing work at Lapon Canyon includes data compilation, interpretation, and resource modeling, aiming to complete an initial NI 43-101 compliant mineral resource [18] - Further drill results are anticipated, with ongoing fieldwork and drilling [18]

Company Overview - Nevada Canyon Gold Corp. is a US-based natural resource company headquartered in Reno, Nevada, with a strategic land position and royalties in multiple projects within high-grade historical mining districts [4] - The company operates under a three-fold business model: mineral royalty creation and acquisition, precious metals and exploration streaming & financing, and exploration project accelerator [4] Recent Developments - Nevada Canyon Gold Corp. has executed an Asset Purchase Agreement (APA) with Metals One Nevada Inc. for the Swales Gold Property Exploration Lease, located in Elko County, Nevada [1][2] - The Swales lease originally consisted of 40 unpatented mining claims, with an additional 99 claims added, totaling approximately 2,780 acres and 139 unpatented mining claims [2] - The total consideration for the APA included a cash payment of US$100,000 and a 2% net smelter royalty granted to Nevada Canyon on the combined claims [2] Property Significance - The Swales Property is situated within the Carlin Trend, known as one of the richest mining trends globally, housing some of the largest gold mines in the US [3] - The property is located approximately 13 miles northeast of Nevada Gold Mine's Gold Quarry Mine and 16 miles east southeast of Goldstrike Mine, both significant gold producers [3] - The Carlin Trend has produced over 100 million ounces of gold to date and contains more than 21 million ounces of gold reserves [3]

Core Viewpoint - Nevada Canyon Gold Corp. is initiating a reverse circulation drill program at the Lapon Canyon Project, which it has a 3% Net Smelter Royalty on, indicating potential growth in value for the company and its portfolio of royalties and streams [1][5]. Group 1: Drill Program Details - The 2025 drill program will focus on exploration drilling near the historical Lapon Canyon Mine, specifically targeting the "Central Zone" and the newly discovered "Hot Spot Zone" [2]. - The "Hot Spot Zone" is a primary target for the drill program, following a high-grade discovery in 2021, with grid-style drilling planned to test the mineralized zone's extension and continuity [3]. - Drill pads will be placed approximately 30 meters apart, with up to five holes planned per pad, and the mineralization is covered by about 3 meters of loose colluvium, facilitating quicker and less costly access [3]. Group 2: Geological and Structural Analysis - Surficial mapping and rock sampling will be conducted around the Lapon Canyon gold targets, with a focus on understanding the structural controls of high-grade mineralization [4]. - Walker River has completed significant exploration work, indicating substantial gold mineralization, and the 2025 drill programs will include systematic drilling for geological modeling and exploration of new mineralization [6]. Group 3: Project Background and Accessibility - The Lapon Canyon Project has historical high-grade gold mining with approximately 2,000 feet of underground workings, and historical assays have shown values in the one-ounce-per-ton range [7]. - The project is easily accessible via secondary state roads and is located about 40 miles southeast of Yerington, Nevada, with a state power grid transmission line nearby [7]. Group 4: Financial and Strategic Position - Nevada Canyon holds a 3% NSR and an Exploration Earn-In Agreement, allowing it to earn up to a 50% interest in the Lapon Canyon Project by funding $5 million in exploration expenses over three years [8]. - The company has a strategic land position and royalties in multiple projects within high-grade historical mining districts, supporting its business model focused on mineral royalty creation, precious metals streaming, and exploration project acceleration [10].

Reno, Nevada, April 23, 2025 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCQX Markets: NGLD) (The "Company" or "Nevada Canyon") is pleased to announce results from the initial Phase I exploration program on one of the Company's Accelerator properties, the Agai-Pah Property, located in Northern Nevada, within the prolific Walker Lane shear zone. Initial prospect sampling of the Agai-Pah Property by the Company returned up to 1829 g/t (58.8 oz/t) silver (Ag) from an exposed mineralized vein on a surface outcrop. ...