Mr. John Sclodnick reports

NEVADA KING GRADUATES TO THE PREMIUM OTCQX BEST MARKET, ENHANCING VISIBILITY FOR U.S. INVESTORS

Nevada King Gold Corp.'s common shares have been approved to begin trading today on the OTCQX Best Market under the ticker symbol NKGFF. The company graduates to the premium tier from the OTCQB Venture Market.

The OTCQX Best Market is the highest tier of the OTC Markets Group, designed for established investor-focused U.S. and international companies. To qualify, companies must meet high financial standards, follow best-practice corporate governance and demonstrate strict compliance with applicable securities laws. Graduating to OTCQX marks a significant milestone for Nevada King, validating its corporate standards and substantially elevating its profile within the U.S. investment community.

John Sclodnick, chief executive officer of Nevada King, commented: "Trading on the OTCQX is a major milestone that directly supports our strategy to expand Nevada King's reach across North American capital markets. Completing our strategic share consolidation on May 7, 2026, was a key catalyst that allowed us to meet the financial and share price thresholds required for this premium tier.

"This upgrade significantly enhances our visibility among U.S. institutional and retail investors by providing a more transparent, highly accessible and efficient platform to trade our stock. Ultimately, we expect this move to streamline the investment process for our U.S. partners at a time when our 40,000-metre phase 4 drill program at the Atlanta gold mine project is hitting full stride."

The company's common shares will continue to trade on the TSX Venture Exchange under the symbol NKG. The OTCQX quotation involves no change in the company's share capital, and U.S. investors who previously held or traded the stock on the OTCQB will automatically see their shares traded on the premium OTCQX market going forward.

About Nevada King Gold Corp.

Nevada King is focused on advancing and growing its 100-per-cent-owned, past-producing, 130-square-kilometre Atlanta gold mine project, located along the Battle Mountain trend in southeastern Nevada. The project hosts a National Instrument 43-101-compliant pit-constrained oxide resource of 1.02 million ounces gold in the measured and indicated category (27.7 million tonnes at 1.14 grams per tonne) plus an inferred resource of 99,000 ounces gold (3.6 million tonnes at 0.84 gram per tonne) based on prices of $2,200 (U.S.) per ounce gold and $25 (U.S.) per ounce silver. For the full particulars of the mineral resource, including the assumptions relating thereto, see the NI 43-101 technical report titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA," with an effective date of Sept. 6, 2024, and a report date of July 18, 2025, as prepared by Respec (formerly Mine Development Associates) and filed under the company's profile on SEDAR+.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Nevada King's vice-president, exploration, Justin Daley, PGeo, a non-independent qualified person as defined by NI 43-101.

We seek Safe Harbor.