Halcones Precious Metals Closes Final Tranche of Life Offering and

NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has discovered further significant oxide gold-antimony (“Antimony”, “Sb”) drill results at the Cadillac Valley target area at its Limousine Butte Project (the “Project”, “Limo Butte”) in Nevada. The Company continues to unlock the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Key Highlights

• Cadillac Valley target area has positive oxide gold-antimony drillholes including:
  • LB22-007: 1.70 g/t AuEq* over 169.2 meters (0.89 g/t Au and 0.18% Sb), including 2.85 g/t AuEq* over 54.4 meters (2.26 g/t Au and 0.13% Sb), and also including 13.15 g/t AuEq* over 3.1 meters (0.76 g/t Au and 2.76% Sb)
  • LB22-006: 1.34 g/t AuEq* over 124.7 meters (0.84 g/t Au and 0.11% Sb), including 2.23 g/t AuEq* over 24.3 meters (1.32 g/t Au and 0.20% Sb)
  • *Gold equivalents (“AuEq”) are based on assumed metals prices of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 85% for gold and 70% for antimony.
• Cadillac Valley oxide gold-antimony mineralization footprint spans over 1.5 km by 500 m and is over 2 km from Resurrection Ridge; results from both Resurrection Ridge and Cadillac Valley demonstrate the significant oxide gold-antimony potential across a large, open mineralized footprint
• Significant antimony (Sb) upside: historical drilling had an upper detection limit of 1% Sb but many drill intervals exceeded the limit; these holes are currently being re-assayed at American Assay Lab in Reno, Nevada without the 1% upper detection limit
• NevGold will continue re-evaluating historical drilling from the Project, focusing on both oxide gold and antimony; large portions of the existing database were not analyzed for antimony creating a significant, low-cost opportunity to re-assay historical drilling

Limo Butte Planned 2025 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

• Evaluate the historical geological database with focus on gold and antimony (in progress);

• Re-analyze historical drilling with focus on gold and antimony (in progress);

• Drill test gold-antimony targets (subject to the results of the evaluation);

• Initiate preliminary metallurgical studies (in preparation).

Figure 1 – Limousine Butte Gold-Antimony Project with selected gold-antimony drillhole results.
To view image please click here

Figure 2 – Limousine Butte Gold-Antimony Project cross-section with selected gold-antimony drillhole results. Thin colored discs show Antimony (Sb ppm) in drilling, and wide colored discs show Gold (Au ppm) in drilling.
To view image please click here

NevGold CEO, Brandon Bonifacio, comments: “The discovery of more significant oxide gold-antimony drill results in drillholes at…