NevGold Corp. (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce positive, consistent antimony and gold mineralization in all drillholes from the historic Crushed leach pad (see Key Highlights and Appendix I – Drillhole Summary Table) at its Limousine Butte Project in Nevada. The historic gold leach pads date from 1989-1990 mining operations, which were not processed for antimony, in a less than US$400/oz gold price environment. Results from the historic leach pads highlight a significant near-term opportunity for potential antimony production by 2027. The Company is rapidly advancing the maiden antimony-gold Mineral Resource Estimate on the historic gold leach pads and broader project area, including Resurrection Ridge and Cadillac Valley, at Limo Butte.

Key Highlights

• All drillhole assays from the Crushed leach pad have returned positive, consistent oxide antimony and gold grades:

• • LBS26-014: 0.32% Sb, 0.39 g/t Au over 14.9 meters
  • LBS26-019: 0.30% Sb, 0.37 g/t Au over 16.5 meters

LBS26-016: 0.27% Sb, 0.37 g/t Au over 14.0 meters

• • LBS26-015: 0.27% Sb, 0.41 g/t Au over 18.0 meters
  • Results show elevated antimony-gold grades in the lower levels of the leach pad (Appendix I – Drillhole Summary Table)

• Maiden antimony-gold MRE on the historic gold leach pads and broader project area including Resurrection Ridge and Cadillac Valley is rapidly progressing; critical step in the development path toward antimony production b y 2027

• Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications

• Limo Butte is a brownfield mine site located in the State of Nevada with at-surface oxide antimony mineralization that is emerging as a strategic Critical Minerals project in the United States

NevGold CEO, Brandon Bonifacio, comments: “With consistent oxide antimony and gold in all drillholes from the Crushed leach pad, Limo Butte is emerging as one of the most important Critical Minerals projects in the United States. The Project has a near-term opportunity to play a key role in establishing a vertically integrated, domestic antimony supply chain. We have oxide antimony mineralization at surface in the historic leach pads that is ready to be processed without large-scale mining activities. We will have further updates released shortly including additional drill results from the historic Run of Mine leach pad, sampling results from the newly defined at-surface pre-strip dump from the historic Golden Butte pit, and the upcoming maiden antimony-gold Mineral Resource Estimate. We will also commence our 2026 20,000 meter drill program over the coming weeks focused on expansion and new discoveries utilizing our NevGold geological model of Limo Butte.”

 Figure 1 – Historic Crushed gold leach pad with sonic antimony-gold drill results. All drillholes intercepted consistent oxide antimony-gold mineralization. Previously released drillholes are transparent, and new holes are labelled and solid. Also included are the Phase 1 test pit sampling antimony results. The historically mined leach pads have material at surface that was previously mined and crushed with consistent antimony-gold mineralization.

 Figure 2 – Historic gold leach pads and summary of March-2026 sonic drill program and Phase 1 test pit sampling antimony results from News Release on January 6, 2026.

 Figure 3 – Picture of sonic drill rig drilling the historic Crushed leach pad with labels for the previously mined Golden Butte pit, Resurrection Ridge target area, and the historic Run-of-Mine leach pad.

Table 1: Drilling Results from Crushed Leach Pad

*Previously released holes from News Release on April 14, 2026.
**Holes LBS26-007 and LBS26-008 were not drilled as the drill program was modified in the field; hole numbering was set before the drill program.

Table 2: Drillhole Orientation Details

Table 3: Leach Pad Sample Test Pit Results – Released January 6, 2026

*Sample test pits were dug to approximately 3.5 meters deep on the top of the leach pad and approximately 2.5 meters deep on the side slopes using an excavator.

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. Drill, surface, and test pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.

The test pit sampling was conducted by Greg French, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (“QP”) under National Instrument 43-101.

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 an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.