NevGold Corp. announced further oxide, gold drill results for drillhole NMD0004 which intercepted mineralization from surface at the Nutmeg Mountain project in Washington County, Idaho. Gold Intercepted From Surface That Suggests The Project will be Amenable To Heap Leach Processing: final assays indicate hole NMD0004 intercepted a total of 0.74 g/t Au over 66.8 meters from Surface (oxide), including 1.40 g/t Au over 11.3 meters from 9.8 meters depth (oxide).

The new assays included screen fire assays which show strong correlation with the original assays and indicate significant coarse gold is not present, suggesting the project will be amenable to heap leaching. Positive, Phase I Drilling Program: other drill results released from the 2023 Phase I drill program include 0.72 g/t Au over 79.3 meters from 10.4 meters depth (oxide), including 2.32 g/t Au over 13.4 meters from 25.6 meters depth (oxide) (Hole NMD0003), and 0.56 g/t Au over 23.9 meters from 24.1 meters depth, including 0.89 g/t Au over11.4 meters from 25.4 meters from 25. 6 meters depth with 4.33 g/t Au intercepted near the bottom of the hole (Hole NMD0001, hole was lost in mineralization).

Metallurgical Testwork To Commence With Hole NMD0004: the Company has engaged McClelland Laboratories out of Sparks, Nevada and has delivered samples for NMD0004 for metallurgical testwork. Recent Washington County, Idaho District Activity: with the recent copper porphyry discovery made by Hercules Silver Corp. and strategic investment of approximately CAD 23 million into Hercules by Barrick Gold Corp.

there has been an increased level of activity in Washington County in Western Idaho. It is also very encouraging to see the recent increase in exploration activity in Western Idaho. Over the course of work at Nutmeg Mountain, have gained a very strong understanding of the local geology which will look to leverage in this emerging new trend.

Drill Results. Hole NMD0004: The Company has engaged McClell and Laboratories out of Sparks, California and has delivered samples for N MD0004 for metallurgical testing. Recent Washington County, Idaho district Activity: with the recent copper Porphyry discovery made by HerculesSilver Corp.

and strategic investment of approximately CAD23 million into Hercules by Barrick gold Corp., there has been an increase in exploration activity in Western Boise. It is also very encouraging To Heap Leach Processing. Drill Results.

Drill Results. Drill Results: Hole NMD0004: hole NMD0004: the company has engaged McClelland Labs out of Sparks, Nevada and have delivered samples for NMD000 4 for metallurgical testwork; Metallurgical Testwork To Comm commence With Hole NMD0004; Metallurgical Testwork To commence With Hole NMD000 4: the Company has engaged McCland Laboratories out of Sparks, Colorado and has delivered samples for NMT0004 for metallurgical testswork. Recent Washington County, Illinois District Activity: with the recent Copper porphyry discovery made by Hercules and strategic investment of approximately CAD 20 million into Hercules by BarrickGold Corp., there is an increased level of activity in Western Idaho.