NV Gold Corporation provided an exploration activity update for 2023, outlining its drill priorities and early-stage project evaluation. Of the Company's seven active projects in Nevada, NV Gold intends to prioritize three projects: (1) SW Pipe Gold Project ("SW Pipe"); (2) Slumber Gold Project ("Slumber"); and (3) Triple T Gold Project ("Triple T"), subject to capital availability. In addition, the Company plans an intensive "boots on the ground" exploration campaign to evaluate over 30 new potentially prospective areas generated through its Data Library Project, a collaborative exercise conducted with GoldSpot Discoveries Corp.

("GoldSpot"), and recent land acquisitions, such as the Gold Bell and Teton projects in the Bell Mining District in Nevada. SW Pipe is located in Lander County, approximately 6 km (3.7 miles) southwest of the world-class Pipeline gold mine in the central Cortez gold belt of north- central Nevada. SW Pipe is comprised of 84 unpatented mining claims and is 100%-owned by NV Gold.

Historical drilling established a near-surface, oxide- gold zone characterized by multiple intercepts of 15 m+ @ 0.5-1.0 g/t Au. After the evaluation and analyses of two extensive geochemical surveys, the Company recently submitted a notice of intent to drill-test a potentially multi-million-ounce Carlin-type gold deposit on the SW Pipe project in First Quarter of 2023.