Mr. Brandon Bonifacio reports

NEVGOLD INCREASES THE SIZE OF THE ZEUS COPPER PROJECT BY APPROXIMATELY 50% OR 1,000 HECTARES IN THE HERCULES COPPER DISTRICT, IDAHO

Nevgold Corp. has staked an additional 147 claims, approximately 1,000 hectares or 10 square kilometres, with strong geological prospectivity at the Zeus copper project in the emerging Hercules copper trend of southwestern Idaho. As highlighted in Nevgold's previous news releases from 2024 and 2025 to date, the Zeus copper project shares many geological similarities with Hercules Metals Corp.'s copper porphyry discovery at the Hercules project, including comparable soil survey geochemical results.

Key highlights:

• The Zeus copper project encompasses 392 claims, approximately 2,900 hectares or 29 square kilometres, of highly strategic and prospective ground in the Hercules copper trend.
• New additional ground staked by the Nevgold team is underlain by the two primary host rocks of copper mineralization in the Hercules copper trend: the Lower Huntington formation and the Triassic-age intrusive rocks.
• Strong similarities are noted between the Zeus copper project and the Hercules Metals copper porphyry discovery at the Hercules project.
• Field programs will advance, including planned geophysical surveys to identify drill targets.

Nevgold chief executive officer Brandon Bonifacio commented: "We are very pleased to have added additional ground with all of the right geologic signatures at our Zeus copper project. After our recent soil survey results, it is positive we were able to acquire more ground adjacent to our initial claim block in an area that looks to be an emerging copper trend.

"The recently staked ground is also adjacent to a large claim block that Barrick Gold Corp. has established on the trend. There continues to be a high level of activity on the Hercules copper trend, and we have been a first mover and have continued to strategically add some of the most prospective ground in the district. Along with adding to our land position, we have also actively continued our fieldwork program, and, due to positive results, we will continue with our geophysical program to define drill targets by the 2025 summer field season."

Nevgold vice-president of exploration Greg French commented: "We are very excited about the additional ground that we have been able to stake in this emerging copper trend in the western USA. The land that we recently staked contains one of the last available erosional windows through postmineral basalts. These windows expose the highly prospective Lower Huntington formation and Triassic plutons, the main hosts of porphyry copper mineralization on the Hercules copper trend. Our technical team has gained a strong understanding of the district geology over the past year, and we will continue to leverage this competitive advantage as we advance our highly prospective Zeus copper project."

Newly staked Zeus claims

The newly staked claims are southwest and on trend with the existing Zeus copper project and cover an area with outcropping lower Huntington formation and Triassic-age intrusive rocks (plutons). Both of these rock units are highly prospective for copper mineralization and are believed to be the main hosts of porphyry copper mineralization in the Hercules copper trend. This area is an important erosional window through the postmineral basalt cover rocks, which conceal most of the prospective rock units in the Hercules copper trend. Additionally, most of the surrounding ground around Zeus has been staked by Barrick, which has been conducting a very aggressive exploration campaign throughout the Hercules copper trend.

Planned 2025 activities/status update

Nevgold will continue its active exploration program at Zeus in 2025, including:

• Geological database review (completed);
• Geological mapping (continuous);
• Comprehensive surface geochemical sampling (completed);
• Ground geophysical program (in preparation);
• Application for drill permit and notice of intent (in preparation);
• Drill testing copper targets identified by the above activities (results warranted).

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the company's vice-president, exploration, who is Nevgold's qualified person under National Instrument 43-101 and responsible for technical matters of this release.

About Nevgold Corp.

Nevgold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. Nevgold owns a 100-per-cent interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

We seek Safe Harbor.