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 - Walker River Resources Corp. announced additional assay results from the ongoing reverse circulation drill program at the Lapon Canyon portion of the Lapon Gold Project, confirming and extending gold mineralization in the area [1][11]. Drill Results - Significant gold mineralization was confirmed in several drill holes, with notable results including: - Hole LC-25-163: 3.05 g/t Au over 53.3 m, including 6.67 g/t Au over 18.3 m [4] - Hole LC-25-162: 1.49 g/t Au over 47.2 m, including 13.8 g/t Au over 1.5 m [4] - Hole LC-25-159: 1.14 g/t Au over 45.7 m [4] - Hole LC-25-161: 1.05 g/t Au over 29.0 m [4] - Hole LC-25-164: 1.01 g/t Au over 54.8 m [4] - Hole LC-25-165: 1.03 g/t Au over 45.7 m [4] - Hole LC-25-157: 0.98 g/t Au over 19.8 m within granite [4] Exploration Potential - The 2025 drill program has led to the discovery of intrusive-related gold mineralization, significantly increasing the exploration potential of the Lapon Gold Project [4][5]. - The presence of monzonite as the host rock suggests the potential for a monzonite porphyry system, which is associated with large gold and copper-bearing systems in Nevada [6]. Project Development - The drilling at the Hotspot deposit has expanded the footprint of gold mineralization to the south and east, with evidence of sub-horizontal to moderately south-dipping gold systems [7]. - Future geophysical surveys are planned to define additional drill targets within deeper intrusive bodies [5]. Company Statements - The President & CEO of Walker River expressed encouragement regarding the drill results, highlighting the potential for increased gold mineralization at Lapon Canyon and the excitement surrounding the discovery of gold in monzonite [11]. Project Overview - The Lapon Gold Project consists of 147 claims covering 2940 acres in Nevada's Walker Lane shear zone, with easy accessibility and proximity to infrastructure [16]. - The project includes historical high-grade gold mining areas, with previous underground work returning assay values in the one ounce per ton range [17].

Core Viewpoint - Walker River Resources Corp. has announced promising assay results from its ongoing reverse circulation drill program at the Lapon Canyon portion of the Lapon Gold Project, indicating significant gold mineralization and potential for further exploration [1][4][13]. Summary by Sections Drill Results - Drill hole LC-25-150 returned 3.35 g/t Au over 64.0 meters, including 8.01 g/t Au over 19.9 meters, demonstrating robust gold mineralization [4]. - Drill hole LC-25-156 returned 2.17 g/t Au over 86.9 meters, including 21.8 g/t Au over 4.6 meters [4]. - Other notable results include: - LC-25-146: 2.02 g/t Au over 57.9 meters - LC-25-154: 1.38 g/t Au over 68.6 meters, including 2.29 g/t Au over 15.2 meters - LC-25-152: 1.05 g/t Au over 45.7 meters [3][4]. Exploration Focus - The 2025 drill program at Lapon Canyon is focused on exploration and resource definition, with plans to infill the existing Hotspot deposit and explore extensions along strike and downdip [7]. - Drilling has confirmed that gold mineralization extends to the south and east of the Hotspot, indicating the presence of multiple bedrock units beyond the previously interpreted altered granite [9]. Geological Insights - The gold system is largely sub-horizontal to moderately south-dipping, with evidence of steeply dipping, high-grade shoots within broader mineralized zones [8]. - Recent drilling results suggest significant gold mineralization within diorite, monzonite, and granite, expanding the growth potential of the Lapon Canyon Project [9]. Project Overview - The Lapon Gold Project consists of 147 claims covering 2940 acres in Nevada's Walker Lane shear zone, with easy accessibility and proximity to infrastructure [19]. - The project includes various claims with historical mining areas, indicating potential for further exploration and discovery [20]. Future Plans - Ongoing work includes data compilation, interpretation, and resource modeling, with further drill results expected as exploration continues [13][14].

Core Viewpoint - Walker River Resources Corp. has announced promising assay results from its ongoing reverse circulation drill program at the Lapon Gold Project, indicating significant gold mineralization and the potential for new discoveries in previously untested bedrock units [1][4]. Summary by Sections Drill Results - Drill hole LC-25-149 returned 2.35 g/t Au over 45.7 meters starting at 126.5 meters, confirming the continuity of gold mineralization [4]. - Drill hole LC-25-142 returned 1.62 g/t Au over 45.7 meters starting at 112.8 meters [4]. - Drill hole LC-25-143 returned 1.76 g/t Au over 35.1 meters starting at 155.4 meters, including 2.55 g/t over 19.8 meters [4]. - Drill hole LC-25-135 returned 1.65 g/t Au over 42.7 meters starting at 71.6 meters [4]. - Significant gold mineralization has been confirmed in various bedrock units beyond the previously known altered granite, including granodiorite, diorite, monzonite, and biotite-granite [4][10]. Exploration Focus - The 2025 drill program is focused on exploration and definition, with both infill and offset drilling conducted systematically [4]. - Drilling has extended gold mineralization to the south and east of the Hotspot, indicating a broader mineralized zone than previously understood [4]. Project Development - The Lapon Gold Project consists of 147 claims covering 2,940 acres in Nevada's Walker Lane shear zone, with easy access via secondary state roads [15]. - The project is subject to a $5 million USD exploration stream earn-in agreement with Nevada Canyon Gold Corp [15]. - Ongoing work includes data compilation, interpretation, and resource modeling, with further drill results expected [10][4]. Historical Context - Historical mining at Lapon Canyon has shown high-grade gold values, with past underground work returning assay values in the one ounce per ton range [16]. - The current drilling results suggest the potential for discovering new mineralized zones, significantly enhancing the growth potential of the Lapon Gold Project [4].

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].

Core Viewpoint - Walker River Resources Corp. has initiated its 2025 reverse circulation drill program at the Lapon Gold Project, focusing on exploration drilling in the Lapon Canyon area, which is part of the Walker Lane Gold trend [1][2]. Group 1: Drill Program Details - The 2025 drill program will explore near the historical Lapon Canyon Mine, specifically targeting the "Central Zone" and the newly identified "Hot Spot Zone" [2][3]. - The Hot Spot Zone is a primary target, following a high-grade discovery in 2021, with grid-style drilling planned to assess the mineralized zone's extension and continuity with the Central Zone [3][6]. - The drilling will involve pads placed approximately 30 meters apart, with up to five holes planned per pad, as the mineralization is not visible at the surface due to overlying colluvium [3][6]. Group 2: Geological and Structural Analysis - Surficial mapping and rock sampling will be conducted around the Lapon Canyon gold targets, focusing on structural data collection to understand the controls of high-grade mineralization [4][5]. - The geological model for the Central and Hot Spot zones has been enhanced using historical data, aiding in the planning of the 2025 drill program [5][6]. Group 3: Project Overview - The Lapon Gold Project consists of 149 claims covering 3103 acres in the Wassuk Range, located approximately 60 kilometers southeast of Yerington, Nevada [7]. - The project is accessible via secondary state roads and is near a state power grid transmission line, facilitating operational logistics [7]. - The Rattlesnake, Range Front, and Pikes Peak claims add additional drill target areas, with historical mining activity indicating potential for further exploration [8][9].