NevGold Corp. (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce assays from the first three drillholes from the 2026 program at its Limousine Butte Project in Nevada. These results have significantly expanded the maiden oxide antimony-gold Mineral Resource Estimate with antimony-gold mineralization intercepted over 100 meters outside of the MRE block model that was released on July 15, 2026 (see News Release). The expansion and resource conversion of the MRE are the main focus areas of the targeted 20,000 meter drill program in 2026.

NevGold CEO, Brandon Bonifacio, comments: “It is extremely encouraging that we have already been able to expand the maiden oxide antimony-gold MRE by over 100 meters outside of the current block model. The first 3 holes of the 2026 program all intercepted significant antimony-gold mineralization with antimony and gold grades consistently higher than the grades in the MRE. As we have highlighted previously, a key focus of our ~20,000 meter drill program is to increase the grade (antimony and gold) and size of the recently announced MRE, and these first holes have immediately delivered on this stated objective. We have also completed a further 25 holes with assays pending. All of the holes drilled to date have been focused on the Bullet Zone / Armory Fault area (Figure 1) as a key extension on the eastern side of the Resurrection Ridge resource. We continue to deliver on one of the largest and most strategic antimony-gold resources in the United States, which is growing with each drillhole.”

Key Highlights

• MRE significantly expanded with first 3 drillholes from 2026; more high-grade oxide antimony-gold intercepted over 100 meters outside of current block model with grades consistently higher than the MRE:

• • LB26-003 Upper (MRE upgrade and expansion): 1.16% Sb over over 3.0 meters, within 1.38 g/t AuEq* over 50.3 meters (0.31% Sb and 0.19 g/t Au) from surface
  • LB26-003 Lower (MRE upgrade and expansion): 1.31 g/t AuEq* over 13.7 meters (0.59 g/t Au and 0.18% Sb), within 0.71 g/t AuEq* over 38.1 meters (0.35 g/t Au and 0.10% Sb)
  • LB26-002 Upper (MRE upgrade and expansion): 1.04 g/t AuEq* over 10.7 meters (0.23% Sb and 0.15 g/t Au) from surface
  • LB26-002 Lower (MRE upgrade and expansion): 3.94 g/t AuEq* over 6.1 meters (0.95% Sb and 0.25 g/t Au), within 1.04 g/t AuEq* over 65.5 meters (0.22% Sb and 0.18 g/t Au)
  • LB26-001 Upper (MRE upgrade and expansion): 2.81 g/t AuEq* over 3.0 meters (0.67% Sb and 0.21 g/t Au), within 1.34 g/t AuEq* over 9.1 meters (0.31% Sb and 0.14 g/t Au)
  • LB26-001 Lower (MRE upgrade and expansion): 3.30 g/t AuEq* over 3.0 meters (0.23% Sb and 2.39 g/t Au), within 0.42 g/t AuEq* over 45.7 meters (0.24 g/t Au and 0.05% Sb)

• Convert Waste to Ore and Upgrade Inferred Classification within current 2026 MRE pit-shell

• • The initial 3 drillholes converted unmineralized blocks within the 2026 MRE pit-shell, capturing immediate expansion to the MRE (Figure 1, Figure 2)

• 28 holes completed in 2026 drill program; further assays pending for 25 holes

• Advancing Preliminary Economic Assessment and Engineering Studies at Limo Butte

Limo Butte Planned 2026-2027 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

• Continuing to drill test gold-antimony targets (~20,000 meters is planned in 2026 focused on the Bullet Zone / Armory Fault discoveries and resource conversion);

• Advancing metallurgical testwork (ongoing);

• Completing initial gold-antimony Mineral Resource Estimate (MRE) (completed, July 15);

• Advancing Preliminary Economic Assessment / Engineering Studies (in process).

 Figure 1 – Resurrection Ridge resource area with completed 2026 drilling. Figure includes outline of 2026 AuEq. resource pitshell, priority expansion area for ongoing 2026 drilling, and Sb intercepts for completed 2026 drilling. Ongoing road and pad construction efforts are also shown, highlighting focused efforts to expand Au and Sb mineralization to the east under the dolomite thrust.

 Figure 2 – Cross section with Sb values from 2026 MRE block model and Sb intercepts from all drilling along section. The initial drillholes in the 2026 drill program have expanded the recently announced 2026 MRE. 

2026 Drilling Results – Resurrection Ridge

*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents (“AuEq”) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.

Drillhole Orientation Details

 Figure 3 – Limousine Butte Land Holdings and District Exploration Activity

Sampling Methodology, Quality Control and Quality Assurance

NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.

About NevGold

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 US mineral security. The Company holds a 100% 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.