Mr. Mark Bailey reports

NATION GOLD ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND ISSUANCE OF STOCK OPTIONS

Nation Gold Corp. has appointed Michael Townsend to its board of directors, replacing Craig Taylor who has agreed to resign to facilitate Mr. Townsend's appointment as an independent director. Mr. Taylor has served as a director of the company since early 2022 and is retiring from the board to pursue other career opportunities.

Mark Bailey, chief executive officer director of the company, stated: "We are pleased to welcome Michael to the board of directors of Nation. He brings a wealth of expertise, industry relationships and capital markets experience. As a major shareholder of Nation, we look forward to his contributions to the team as we continue to advance the company. On behalf of the board, we are grateful to Craig for his four years of service to the board of Nation and would like to sincerely thank him for his many contributions to the company. We wish him well in his future endeavours as the CEO of an emerging base metals exploration and development company in Eastern Canada."

Biography: Michael Townsend

Mr. Townsend has extensive experience in corporate finance spanning over 30 years in capital markets. He is currently a director of Scorpio Gold (TSX-V: SGN) and Magma Silver (TSX-V: MGMA). He is an early-stage founder, shareholder, director and executive in numerous public and private companies. Mr. Townsend is one of the founding partners of Altus Capital Partners Inc. which has been involved in raising over $180-million in equity financings over the past five years. Mr. Townsend co-founded Patriot One Technologies, Body and Mind, Raytec Metals, and previously served as CEO of Lateegra Gold Corp. and CEO of West Hawk Development Corp.

Stock options grant

The company announces that it has granted two million incentive stock options under the company's stock option plan to certain management, directors and consultants of the company as part of its compensation programs to incentivize and retain key personnel. The options have a five-year term and an exercise price of 20 cents per common share of the company. The two million options granted to management, directors and consultants of the company will vest upon the company completing the administrative process of recording the mineral claims with the applicable mining authorities relating to the Bonito project acquisition announced in the company's news release dated March 18, 2026.

Furthermore, the company announces the grant of 400,000 stock options to Momentum Public Relations Inc., the company's investor relations provider, under the stock option plan pursuant to a consultancy agreement between Momentum and the company announced on Feb. 20, 2026. The 400,000 stock options issued to Momentum have a term of three years and have an exercise price of 20 cents per share. The 400,000 stock options will vest in the amount of 50 per cent on June 27, 2026, and the remaining 50 per cent shall vest on Sept. 27, 2026, subject to Momentum continuing to provide services to the company on such vesting dates.

The stock options, and the common shares issued on exercise thereof, are subject to a four-month hold period expiring on July 28, 2026, in accordance with the policies of the Canadian Securities Exchange.

About Nation Gold Corp.

Nation Gold is a Canadian exploration company based in Vancouver. The company recently announced the definitive agreement for the company to acquire a 100-per-cent interest in the Bonito project in the Nogal-Bonito mining district of New Mexico. 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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