Nevada King Gold Corp. announced assay results from eight reverse circulation ("RC") holes from its 60,000 metre Phase I drilling program at its 5,166 hectare (51.6km) Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend, 264km northeast of Las Vegas, Nevada. Four of the holes targeted the Atlanta Mine Fault Zone ("AMFZ") while the other four tested the adjacent West Atlanta Graben Zone ("WAGZ").

From Interval Hole No. Denotes 45 (o) angle hole with true mineralized thicknesses in angle holes estimated to be 65% to 70% of reported drill intercept length. Denotes hole that bottomed in mineralization.

6.55 g/t Au and 100.8 g/t Ag over 82.3m, including 26.71 g/t Au over 12.2m in angle hole AT23NS-133F is the third most gold rich drill hole ever recorded at Atlanta and comes on the heels of the most gold rich drill hole - AT23WS-44 that was reported on October 2, 2023 and returned 11.64 g/t Au over 108.2m, including 37.16 g/t Au over 29.0m. Previous drilling by Nevada King in the vicinity of today's AT23NS-133F provided little indication of such high-grade, although two historical holes drilled by Bobcat in 1988 and one hole drilled by Goldfields in 1990 did contain elevated high-grade intervals in the same general area. Results for vertical Bobcat holes 88-9 (12.2m @ 32.55 g/t Au -- the second most gold rich drill hole at Atlanta) and 88-14 (3m @ 34.66 g/t Au) were not included in Gustavson's 2020 resource model because of uncertain collar locations, while vertical Goldfields core hole AC-1 (4.1m @ 30.24 g/t Au) was used in the 2020 resource model, but its exact collar location was also uncertain.

The high-grade hit in AT23NS-133F corroborates both the locations and high grades in these nearby historical holes and establishes a northwest-trending, elevated high-grade zone at least 30m long that is interpreted to be a tensional, secondary fracture in the footwall of the West Atlanta Fault that probably connects across the major northerly trending feeder faults. This intercept supports the multi-jewelry box model recently described by the Company in its October 2, 2023 release and provides with another structural target that can apply to other portions of the deposit in pursuit of elevated high grades. For the remaining elevated high-grade holes there are no nearby drill intercepts that definitively suggest proximity to very high-grade mineralization, which highlights the necessity for tight drill spacing, focused on high-angle feeder structures.