NEVADA KING GRADUATES TO TIER 1 OF THE TSX VENTURE EXCHANGE

Rhea-AI Summary

Nevada King Gold Corp (OTCQB: NKGFF; TSXV: NKG) announced it has received approval to graduate from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange, effective October 20, 2025. The company said the upgrade reflects its financial strength and should enhance visibility with investors as it advances the Atlanta Gold Mine project and continues exploration to grow its resource base.

Tier 1 is the TSX-V's highest classification, reserved for more advanced issuers with significant financial resources; the upgrade signals continued company growth and a focus on long-term shareholder value.

Positive

• TSX-V Tier 1 approval effective October 20, 2025
• Higher exchange classification indicates advanced issuer status
• Increased investor visibility as stated by management

Negative

• Release included no new financing or financial figures
• No updated resource or guidance metrics were provided with the upgrade

VANCOUVER, BC, Oct. 15, 2025 /PRNewswire/ - Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it has received approval to graduate from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSX-V") effective October 20, 2025.

John Sclodnick, CEO of Nevada King stated, "Achieving Tier 1 issuer status reflects the strength of our financial position, enhances our visibility within the investment community, and validates the unique investment proposition that we offer, as we continue to advance our Atlanta Gold Mine project while growing the resource base through our comprehensive exploration programs."

The TSX-V classifies issuers into different tiers based on various factors, including historical financial performance, stage of development, and available resources. Tier 1 is the TSX-V's highest tier and is reserved for more advanced companies with significant financial resources. This upgrade signifies Nevada King's continued growth and its commitment to providing long-term value for its shareholders.

About Nevada King Gold Corp.

Nevada King is focused on advancing and growing its 100% owned, past producing, 130km² Atlanta Gold Mine project located along the Battle Mountain trend in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained oxide resource of 1,020koz Au in the measured and indicated category (27.7M tonnes at 1.14 g/t) plus an inferred resource of 99koz Au (3.6M tonnes at 0.84 g/t). See the NI 43-101 Technical Report on titled "Technical Report and Estimate of Gold and Silver Mineral Resources for the Atlanta Project, Lincoln County, Nevada, USA" with an effective date of September 6, 2024, and a report date of July 18, 2025, as prepared by RESPEC (formerly Mine Development Associates) and filed under the Company's profile on SEDAR+ www.sedarplus.ca.

NI 43-101 Mineral Resources at the Atlanta Mine by RESPEC 2025

	Tonnes	Au g/t	Au oz	Ag g/t	Ag oz	AuEq g/t	AuEq oz
Measured	3,430,100	1.55	170,800	16.96	1,870,200	1.65	182,000
Indicated	24,280,200	1.09	848,800	8.73	6,817,200	1.14	887,700
M&I	27,710,300	1.14	1,019,600	9.75	8,687,400	1.20	1,069,700
Inferred	3,638,400	0.84	98,500	2.56	299,500	0.85	99,800

Please see the Company's website at www.nevadaking.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements in this release, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Nevada King, plans, intentions, beliefs, and expectations are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, technical, geologic, environmental, regulatory, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update forward-looking statements should beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws.

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SOURCE Nevada King Gold Corp.

FAQ

What does Nevada King (NKGFF) graduating to TSX-V Tier 1 mean for investors?

The upgrade to Tier 1 effective Oct 20, 2025 signals a higher exchange classification and may increase the company's visibility with investors.

When is Nevada King's Tier 1 status on the TSX Venture Exchange effective?

Tier 1 issuer status is effective on October 20, 2025.

Will Nevada King's (NKGFF) Tier 1 upgrade include new financing or guidance?

The announcement did not disclose any new financing, guidance, or financial figures.

How does the Tier 1 classification affect Nevada King's Atlanta Gold Mine project timeline?

The company said the upgrade supports advancing the Atlanta Gold Mine project, but no specific timeline or milestones were provided.

Which tickers represent Nevada King after the TSX-V upgrade?

Nevada King is listed as TSXV: NKG and OTCQB: NKGFF.