Mr. Mark Bailey reports

NATION GOLD ANNOUNCES AMENDED TERMS OF PRIVATE PLACEMENT AND ENGAGEMENT OF MOMENTUM PUBLIC RELATIONS INC.

Nation Gold Corp. has amended the terms of the non-brokered private placement of the company initially disclosed in the company's press release dated Feb. 4, 2026. The private placement will now consist in the issuance of up to 7.5 million units at a purchase price of 20 cents per unit for gross proceeds to the company of up to $1.5-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable by the holder thereof to purchase one common share of the company at an exercise price of 25 cents for a period of 24 months after the date of issuance of the warrant.

The company has the option to increase the size of the private placement at its sole discretion by offering up to an additional 300,000 units for total gross proceeds to the company of up to $1.56-million.

The company may engage arm's-length finders to assist with locating purchasers for the private placement. As consideration for the services provided by the finders, the company may pay cash finders' fees equal to up to 8 per cent of the gross proceeds raised from purchasers located by the finders and finder warrants equal to up to 8 per cent of the number of units issued to purchasers located by the finders.

The company intends to use the proceeds of the private placement for general working capital purposes. The company anticipates closing the private placement on or around March 13, 2026.

The private placement is subject to the policies of the Canadian Securities Exchange. The securities issued pursuant to the private placement will subject to a four-month hold period in accordance with applicable securities laws and the rules of the exchange.

Engagement of Momentum Public Relations Inc.

The company also announces that it has entered into a consultancy agreement dated Feb. 19, 2026, pursuant to which the company has engaged Momentum Public Relations Inc. to provide strategic business development and investor relations services to the company commencing on Feb. 19, 2026, and continuing for a period of six months. The services to be provided by Momentum shall include presenting publicly disclosed company information to Momentum's networks, communicating with and introducing the company to investors and other capital markets participants, and facilitating awareness of the company within investment communities.

In consideration for the services to be provided by Momentum, the company will pay Momentum a fee of $12,500 plus applicable taxes each month during the term and 400,000 stock options to be granted within 15 days of the later of the company completing its acquisition of the Bonito project and the completion of the private placement, as may be amended from time-to-time.

Each stock option will be exercisable for one common share of the company at an exercise price to be determined by the board of directors of the company at the time of grant and in accordance with the policies of the Canadian Securities Exchange and at an exercise period to be determined. The stock options will vest in the amount of 50 per cent on the date that is three months after the date of grant, and the remaining 50 per cent shall vest on the date that is six months after the date of grant, subject to Momentum continuing to provide services to the company on such vesting dates.

About Nation Gold Corp.

Nation Gold is an exploration company based in Vancouver, B.C. The company recently announced a definitive agreement to acquire a 100-per-cent interest in the Bonito project in the Nogal-Bonito mining district of New Mexico, United States. The Bonito project was formerly in production in the late 1800s and has seen limited modern exploration, most recently in the 1980s and 1990s by Pioneer Metals and Placer Dome. The company is led by a team of mining, exploration and capital markets professionals focused on acquiring potential multimillion-ounce precious metals deposits in Tier 1 mining jurisdictions. The company also has a 100-per-cent interest in the Cattle Creek project located near Vernon, B.C.

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