Mr. Brandon Bonifacio reports

NEVGOLD APPOINTS SEAN WALLER TO BOARD OF DIRECTORS; KEY ADDITION OF PROJECT DEVELOPMENT AND MINERAL PROCESS ENGINEERING EXPERTISE

Nevgold Corp. has appointed Sean I. Waller, MSc, Eng, FCIM, to its board of directors, effective immediately. Mr. Waller adds key project development experience to the Nevgold board of directors at a time when the company is entering the engineering phase.

Nevgold chief executive officer, Brandon Bonifacio, comments:

"We are pleased to welcome Sean to the Nevgold board at this critical juncture as we enter into the next phase of project development including the engineering phase. Sean's expertise and track record will be critical as we continue to rapidly advance our efforts around our Western U.S. oxide heap-leach projects including Limo Butte (gold-antimony) and Nutmeg Mountain (gold). Sean is a valuable addition of experience and skill in both project development and mineral processing, and he will be able to strategically guide the company's next phases of project development."

Mr. Waller is a mineral processing engineer with over 40 years of international experience in executive management, project management, detailed technical and financial evaluations, design, construction and operation, permitting, government liaison, marketing, and capital raising. He was a professional engineer registered in British Columbia for 38 years until retirement from the association in 2025.

Mr. Waller has served as an executive, director and adviser to a number of mineral development companies including Alta Copper Corp., which was recently purchased by the Fortescue Group of Australia for $140-million.

Mr. Waller has provided consulting engineering services to numerous mining projects globally as he was previously a vice-president of AMEC Mining and Metals (now Wood), and prior to that a senior mining project engineer with SNC Lavalin. With AMEC, Mr. Waller managed the definitive feasibility study for Nevsun's very successful Bisha gold mine in Eritrea, and the front-end engineering design for Teck Resources' large-scale Petaquilla copper project in Panama, which was subsequently constructed by First Quantum as the Cobre de Panama mine. Earlier in his career Mr. Waller was chief metallurgist on site at Freeport McMoran's world-class Grasberg mine in Indonesia.

Mr. Waller is also a long-standing member of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), and was previously president of the CIM in 2015. In addition he was a member of the CIM audit and risk committee from 2017 to 2021 and a member of the board of trustees of the CIM Foundation from 2014 to 2018.

About the company

Nevgold is dedicated to discovering, de-risking, and rapidly advancing gold and critical metals projects across premier jurisdictions in Nevada and Idaho to drive shareholder value and strengthen U.S. mineral security. The company holds a 100-per-cent interest in the Limousine Butte (gold-antimony) and Cedar Wash (gold) projects in Nevada, and the Nutmeg Mountain (gold) and Zeus (copper) projects in Idaho.

We seek Safe Harbor.