Nevada King Gold Corp. provided an update on its Phase II resource expansion and definition drilling program at its 5,166 hectare (51.6km2), 100%-owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. Highlights: Since inception of the Phase II Atlanta drill program in June 2022 Nevada King has completed 372 holes totaling 69,683m, which include 354 reverse-circulation ("RC") holes totaling 67,760m and 18 core holes totaling 1,923m.

Prior to initiating the Phase II program the Company completed 68 holes totaling 5,544m in its maiden Phase I program. To date, as part of its Phase II program, Nevada King has reported assays from 204 holes covering 35,915m with results from 168 drill holes totaling 33,768m currently pending. Four rigs continue to operate at Atlanta.

Drilling for 2023 will wrap up on December 17th for the Christmas break and all four rigs are scheduled to recommence drilling the first week of January. Phase II drilling has led to the discovery of new zones of high-grade gold and silver mineralization both within and outside of the currently defined resource area including 11.64 g/t Au over 108.3m in AT23WS-44 and 6.55 g/t Au over 82.3m in AT23NS-133F. A major focus of ongoing drilling is to follow up on elevated high-grade (>20 g/t Au) intercepts scattered throughout the deposit with the goal of further defining the spatial distribution of this exceptionally high-grade oxide mineralization for potential inclusion as discreet domains in upcoming resource modeling.

Drilling is also ongoing at the southern end of the Atlanta resource zone following the blind discovery of thick, high-grade gold mineralization including 1.89 g/t Au over 114.3m and 2.15 g/t Au over 96.0m released on October 17, 2023. Mineralization remains open southward along a major structural zone that has seen no historical drilling. QA/QC Protocols: All RC samples from the Atlanta Project are split at the drill site and placed in cloth and plastic bags utilizing a nominal 2kg sample weight.

CRF standards, blanks, and duplicates are inserted into the sample stream on-site on a one-in-twenty sample basis, meaning all three inserts are included in each 20-sample group. Samples are shipped by a local contractor in large sample shipping crates directly to American Assay Lab in Reno, Nevada, with full custody being maintained at all times. At American Assay Lab, samples were weighted then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns in order to produce a 300g pulverized split.

Prepared samples are initially run using a four acid + boric acid digestion process and conventional mutli-element ICP-OES analysis. Gold assays are initially run using 30-gram samples by lead fire assay with an OES finish to a 0.003 ppm detection limit, with samples greater than 10 ppm finished gravimetrically. Every sample is also run through a cyanide leach for gold with an ICP-OES finish.

The QA/QC procedure involves regular submission of Certified Analytical Standards and property-specific duplicates. Qualified Person: The scientific and technical information in this news release has been reviewed and approved by Calvin R. Herron, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101").