Mr. John Watson reports

NV GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

NV Gold Corp., further to its news release of June 30, 2026, has completed its non-brokered private placement, whereby it issued 2,893,572 units at a price of 30 cents per unit for gross proceeds $868,071.60. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each warrant is exercisable at a price of 60 cents and expires two years from the date of issuance, subject to an acceleration right held by the company if the shares have a closing price of over 75 cents per share for a period of five consecutive trading days at any time from the date that is four months and one day after the closing on the TSX Venture Exchange, in which case the company may accelerate the expiry of the warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the warrants) and, in such case, the warrants will expire on the 30th day after the date of such notice.

All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after closing of the offering.

The company did not pay any finders' fees in connection with the closing of the offering.

The aggregate gross proceeds from the offering are expected to be used for an anticipated drill program and general working capital.

An insider participated in the offering and is considered to be a related party within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Accordingly, the issuance is considered to be a related party transaction within the meaning of MI 61-101 but is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to the related party does not exceed 25 per cent of the company's market capitalization.

About NV Gold Corp.

NV Gold is a well-organized exploration company with approximately 32.4 million shares issued and no debt. NV Gold has 11 exploration projects in Nevada and one in Switzerland. The company has two priority projects -- Slumber and SW Pipe. The company is based in Vancouver, B.C., and Reno, Nev., and is focused on delivering value through mineral discoveries in Nevada, U.S. Leveraging its expansive property portfolio, its highly experienced in-house technical team and its extensive geological data library, 2026 promises to be highly productive for NV Gold.