Nevada King Gold Corp. announced assay results from six reverse circulation holes recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. 1.98 g/t Au over 38.1m in AT23NS-131, 1.19 g/t Au over 42.7m in AT23NS-167, and 1.35 g/t Au over 21.3m in AT23NS-167B were intercepted in a series of northward-directed angle holes sited along the eastern margin of the Atlanta Mine Fault Zone ("AMFZ") to test a 100m-wide gap in drill coverage at the southwestern corner of the historical Atlanta open pit.

These intercepts continue to demonstrate good lateral continuity of mineralization in this area. 1.62 g/t Au over 93.0m in AT22SE-16A and 1.78 g/t Au over 62.5m in AT23HG-27 were sited within the West Atlanta Graben Zone ("WAGZ") to fill in gaps that were present, with both holes displaying good continuity of grade and thickness moving eastward toward the West Atlanta Fault. AT23WS-51 was also sited within the WAGZ but did not encounter significant gold values, effectively bounding the WAGZ mineralization on its southwestern margin along this portion of the system.

Strong mineralization is still seen in holes located southeast of AT23WS-51 moving toward the South Quartzite Ridge Target, and the Company intends to target potential extensions of mineralization south of AT22SE-16A and AT23HG-27 in its drilling over the coming months. The three holes drilled across the WAGZ were sited to infill gaps in the existing drill pattern, and in the case of AT22SE-16A (1.62 g/t Au over 93.0m), mineralization was extended 20m further south from Nevada King's previously released hole AT22HG-16 (1.21 g/t Au over 129.6m) reported to the north along line 22-6N (released January 6, 2023). This southward trend will be followed with additional holes in the coming months.

AT23WS-51 (0.56 g/t Au over 1.5m) effectively delimits mineralization 25m west of historical hole ARC-5 (2.97 g/t Au over 71.8m). Both holes drilled the same volcanic sequence, so the mineralization contact separating these holes is most likely an alteration contact as opposed to fault contact. Additional drilling southeast of AT23WS-51 is needed in order to better define this contact where it trends toward the South Quartzite Ridge Target.