Nevada Canyon Gold Corp. announced that planning is complete on the Company's Phase I exploration program on the B Welshazzar Property, located within the Quartzburg mining district, in Boise County, Idaho, approx. 25 miles north-northeast of Boise ID.

Phase I of the B Welshazzar Property exploration program will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling of old workings, mine dumps and the mapping relocation of historical workings on the property. This initial Phase I exploration program is expected to begin this fall (2023) and will provide accurate modern data to assist in the planning of the Phase II exploration program. The Belshazzar Property hosts the past producing Belshazzar mine.

Approximately 3,000 feet of underground workings consisting of several adits at different levels, sub-levels with connecting vertical shafts and milling facilities. By 1914, the Belshazzar mine had its own boarding house, bunk house, barn, assay office, blacksmith shops, sawmill and IO- stamp mill. Construction of a new mill was completed in 1924.

A 1,700-foot-long aerial tramway connected ore bins at the No. 2 portal with the mill on Fall Creek (Quinn, 1914) remains of a tram terminal can still be seen at the No. 2 portal and at the site of the original mill (Dan Turmes, Idaho Dept.

of Environmental Quality, 2008) The last known production from the B Welshazzar mine was reported in 1941 (Mitchell, 2008). Exact production figures for the mine are not available. As early as 1914, "high grade specimen rock" was reported from the B WelshazzAR mine (Quinn 1914), this material was found in the drift on the No.

3 level. A reported (Campbell,1927) "nugget" which yielded $245 in gold, equivalent at the time to almost 12 ounces. During 1928, it was noted that "some remarkably rich segregations of native gold" had been found in a section of the vein between the 401 and No.

3 levels. Several hand-sorted lots of this material contained between 48 and 435 ounces of gold, and one single specimen of pure metal reportedly weighed 105 ounces (Mitchell, 2008). Some of the ore was so rich that it was shipped directly to the assay office in Boise without treatment.

Most of the specimen gold found at the Belshazzar was probably melted down, as few specimens are known to have survived from the active mining period ending in 1931. In recent years, a " waste" rock dump located near the portal of the mine's 401-foot level has, with the aid of modern metal detectors, produced hundreds of wire gold specimens, ranging from microscopic in size to over 20 troy ounces. Total recent gold specimen production to-date is unknown but is probably well in excess of 800 ounces of gold Held by private interests for most of its history, the Belshazzar Project remains very underexplored with virtually no modern-day exploration programs. The Project has exceptional potential for new discoveries on several exploration targets with multiple zones.