NEVADA KING SECURES FOURTH DRILL RIG TO ATLANTA, PROVIDES EXPLORATION DRILLING UPDATE

Nevada King Gold Corp. is pleased to announce that it has secured a fourth drill rig for its 100% owned, 130km 2 Atlanta Gold Mine Project in southeast Nevada. The Company has also identified a large, previously undrilled gold target located immediately north of the East Ridge Target, which is adjacent to the Atlanta resource. The Splay Zone sits immediately north and east of the Atlanta pit and directly on strike with the structural splays hosting the Company's existing 1,020koz M&I oxide resource.

Highlights include the securing of a fourth drill rig, a second Rotary Air Blast (RAB) drill, which is expected on site in September, bringing the total drill rig count to four. The more mobile RAB rigs are able to reach targets with more challenging access, such as East Ridge, that RC rigs cannot. The 40,000m Phase 4 drill program is comprised of RC drilling only and RAB drilling is additional.

Road construction at Atlanta South is now complete, providing the access needed to commence drilling on the largely untested target which will follow up on mineralized intercepts in Pogonip Limestone, which is Carlin-type mineralization, on trend with the Atlanta Resource. The excavator will now move to the East Ridge, where road construction will allow an RC rig to reach the Splay Zone and East Ridge Target and test mineralization below the 30m maximum depth of the RAB drill in Q4.

Following recent high-grade, near-surface, oxide RAB results at the East Ridge Target, surface mapping and sampling have outlined a large, untested gold anomaly at the Splay Zone, spanning roughly 500m by 300m. This is a larger surface footprint than the East Ridge Target, and it has never been drilled.

Justin Daley, VP Exploration of Nevada King, commented, "The Splay Zone carries the same replacement-style gold in the same dolomite host as our resource and the recently announced East Ridge Target, yet it has never seen a drill hole. Rigorous mapping and the Company's structural reinterpretation suggest that earlier geological models were incomplete. East Ridge and the Atlanta pit appear to be one mineralizing system pulled apart around an uplifted fault block. Uplift exposed the ore mined from the Atlanta pit, while down-dropping preserved it in the resource and along East Ridge. Widespread gold mineralization is now observed at both the Splay Zone and the East Ridge Target, including the 4.68 g/t Au over 7.3m returned by RAB drilling at the East Ridge Target. We look forward to getting the second RAB drill on site to start testing through the cover and along these structures, and once road access is built, following up with the RC rig to test the true thickness of the host rock horizon."

Road construction at Atlanta South is now complete with the upper, middle, and lower levels all finished. The completed road network gives the Company's RC rigs access to the Atlanta South target, and RC drilling on the target is set to commence. The excavator will now relocate to the East Ridge to begin constructing access onto the ridge. Both the East Ridge Target and Splay Zone sit on elevated ground that the RC rig cannot currently reach, which is the principal reason the Splay Zone was never drilled. Once East Ridge road construction is co...