Nevada King Gold Corp Announces Assay Results from Four Reverse Circulation Holes Recently Completed at Its Atlanta Gold Mine Project Located 264Km Northeast of Las Vegas, Nevada

Nevada King Gold Corp. announced assay results from four reverse circulation ("RC") holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. This drilling was designed to better define the northern extension of the Atlanta Mine Fault Zone ("AMFZ").

The four holes released cut across the northern projection of the AMFZ through high-grade discovery hole AT21-003, which was drilled in 2021, 560m north of the historic Atlanta Pit, intercepting 9.1m of 8.26 g/t Au, within a broader intercept of 18.3m of 4.64 g/t Au. This hole opens up a new target area well outside the current resource called the North Extension Target ("NET"). As shown in Section E-E', today's holes, along with AT21-003 and three historic holes summarized below in Table 2, drill-define a gold mineralized zone that is over 300m wide along the section line and remains open both to the west and east, indicating the presence of a strong gold system in the NET.

Gold in this zone is hosted in silica breccia and is relatively sub-horizontal and down-faulted to the west along the AMFZ. Gold grade and mineralized thickness are greatest within the fault zone, as seen in AT21-003, AT22NS-12 and AT22NS-13, while grade tends to decrease laterally west and east from the AMFZ. Comparing gold grades in ATNS-016 and DHRI-11-04RC, gold mineralization appears to be strengthening east of Section E-E' toward the East Ridge Target ("ERT"), which remains untested by drilling.

Assays for holes completed south of Section E-E' are still pending and these results will help to determine whether or not the NET gold mineralization can be tied to the main resource zone around the Atlanta pit. The NET target area measures roughly 600m north-south from the pit to Section E-E'. The mineralized zone on Section E-E' averages 25m in thickness with average grades approaching 1.5 g/t Au across a minimum width of 300m east-west.

If the NET mineralization can be tied to the main resource, it could significantly enlarge the footprint of the overall mineralized gold zone at Atlanta.