NevGold Corp. announced the approval of the Exploration Notice permit by the Bureau of Land Management at the Nutmeg Mountain gold project in Idaho, which hosts a 2020 mineral resource estimate of 910,000 Indicated ounces of gold (43.5 Mt @ 0.65 g/t Au), and 160,000 Inferred ounces of gold (9.1 Mt @ 0.56 g/t Au). The approval of the Notice will enable disturbance on the federal unpatented mining claims at the Project, which historically only saw limited drilling, as approximately 85% of the 2020 resource estimate is situated on the patented mining claims and other private land.

There are a number of identified high-quality resource expansion and exploration targets on the unpatented mining claims creating significant opportunity for growth. Key Highlights: Exploration Notice Permit Approved: the Notice drill permit was approved by the BLM to drill on the federal unpatented mining claims. The Notice permit opens a large portion of the project with very limited historical drilling. Key Resource Expansion and Exploration Targets on Unpatented Claims: only approximately 15% of the total historical drilling at the Project was on the unpatented mining claims. After the Company completed the initial geological modeling, many resource expansion and exploration targets were identified on the unpatented mining claims. These targets will be tested in the current drill program.

Current Drill Program Update: the Company announced that the drill program is underway, and first samples will be sent to the assay lab imminently.