Announcement , ,

NevGold Intercepts High-Grade Oxide Antimony-Gold from Surface 

NevGold Intercepts 1.11% Antimony Over 6.1 Meters, Within 1.93 g/t AuEq Over 100.6 Meters From Surface; Focus On Maiden Antimony-Gold Mineral Resource Estimate and Near-Term Antimony Production
April 9, 2026
TSXV: NAU OTCQX: NAUFF Frankfurt: 5E50

Nevgold Corp. (“NevGold” or the “Company”) is pleased to announce further positive oxide antimony-gold drill results at its Limousine Butte Project (“Limo Butte”) in Nevada. All holes completed in the 2025 drill program are now released, with further assays pending on the 35 holes completed on the Crushed and Run of Mine (“ROM”) historical gold leach pads. The Company is focused on completing the maiden antimony-gold Mineral Resource Estimate (“MRE”) in Q2-2026 — a key step toward achieving near-term antimony production by 2027 from the historical gold leach pads, while advancing the rest of the Project for future gold-antimony development.

“It is positive to see the level of continued success at Limo Butte and it is clear that we have one of the highest grade antimony projects in North America that is near-surface and oxide. We are focused on incorporating all of the new drillhole data into the upcoming maiden antimony-gold MRE at the Project. The maiden MRE is a key step in achieving our objective of near-term antimony production by 2027 from the historical surface gold leach pads. In parallel to advancing the historical leach pads to antimony production, we will also continue to develop the rest of the gold-antimony project focused on Resurrection Ridge and Cadillac Valley with further planned drilling, engineering studies, and permitting. We have significant optionality as we look to advance Limo Butte to a near-term production and cash-flow scenario with both oxide antimony and heap leachable oxide gold.” — Brandon Bonifacio, CEO, NevGold Corp.
“Over the past 12 months, we have consistently validated that we have a large, near-surface footprint of oxide antimony-gold mineralization which is amenable to leaching, with the opportunity to produce both antimony and gold metal at the project site. Limo Butte continues to distinguish itself from other antimony projects globally with its unique geo-metallurgical characteristics and simple, leach processing flowsheet, compared to more complex sulphide projects which have challenging cost structures and metallurgy. In the near-term, we are focused on playing a key part in the mandate to create a vertically integrated, U.S. antimony supply chain.” — Brandon Bonifacio, CEO, NevGold Corp.
Key Highlights
  • Continuous, high-grade oxide antimony-gold intercepted from surface — 1.93 g/t AuEq* over 100.6 meters (1.07 g/t Au and 0.22% Sb) at Resurrection Ridge:
    • LB25-023A (MRE upgrade): 1.11% Sb over 6.1 meters, within 1.93 g/t AuEq* over 100.6 meters (1.07 g/t Au and 0.22% Sb); hole terminated in oxide 0.66% Sb and 3.44 g/t Au
    • LB25-028 (+180 meter step-out, additional MRE potential): 1.30% Sb over 3.0 meters, within 0.89 g/t AuEq* over 38.1 meters (0.20% Sb and 0.12 g/t Au)
  • Strong infill and historical re-assay results from Cadillac Valley, focused on upgrading the geological database for the upcoming MRE:
    • LB25-005 (MRE infill): 1.76 g/t AuEq* over 12.2 meters (1.60 g/t Au and 0.04% Sb), within 0.58 g/t AuEq* over 62.5 meters
    • LB25-007 (MRE infill): 0.42 g/t Au over 33.5 meters within 0.21 g/t Au over 146.3 meters
    • LB22-008 (MRE upgrade): 9.45 g/t AuEq* over 4.3 meters (2.29% Sb and 0.54 g/t Au), within 0.92 g/t AuEq* over 94.5 meters
    • LB22-024 (MRE upgrade): 1.80 g/t AuEq* over 18.3 meters (0.33% Sb and 0.50 g/t Au) within 1.29 g/t AuEq* over 73.2 meters
  • 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 Nevada with at-surface antimony mineralization in the historical gold leach pads.

*Gold equivalents (“AuEq”) are based on assumed metals prices of US$3,000/oz gold and US$40,000/tonne antimony, and assumed recoveries of 80% for gold and 75% for antimony.

Limo Butte — Planned 2026 Activities & Status Update
  • Evaluating the historical geological database with focus on gold and antimony (completed)
  • Advancing metallurgical testwork (ongoing)
  • Continuing to drill test gold-antimony targets — 5,000 meters (30 drillholes) completed and released; a further 20,000 meters planned in 2026 focused on the Bullet Zone, Armory Fault discoveries, and other project-wide targets (see Figure 1)
  • Advancing the Crushed and ROM leach pads to near-term antimony production — Drilling completed March 2026, MRE in Q2-2026, ongoing metallurgical testwork
  • Completing maiden gold-antimony Mineral Resource Estimate on historical gold leach pads and Resurrection Ridge and Cadillac Valley target areas (in progress)
  • Advancing state and federal permitting, prioritizing near-term reprocessing of the historical gold leach pads for antimony with no required mining activities (in progress)
Figure 1 – Oblique long section through Resurrection Ridge and Cadillac Valley

Figure 1 – Oblique long section through Resurrection Ridge and Cadillac Valley showing Au in drilling as discs, Sb in drilling as bar graphs, Sb >500 ppm rock chips as spheres, 4 kilometers of prospective strike length between Resurrection Ridge and Cadillac Valley, 1.5 kilometers of strike length defined at new Armory Fault discovery, and other 2026 target zones. Resurrection Ridge and Cadillac Valley are being advanced to Au-Sb Mineral Resource Estimate (“MRE”).

Figure 2 – Resurrection Ridge target area with Bullet Zone discovery

Figure 2 – Resurrection Ridge target area with Bullet Zone discovery. Figure includes completed drilling and identified expansion areas with the thrust faulted Upper Plate Dolomite. Red outline is previous mineralization footprint at Resurrection Ridge, with 2025 NevGold drillholes expanding mineralization significantly to the east and west.

Figure 3 – Cadillac Valley target area with completed 2025 drillholes

Figure 3 – Cadillac Valley target area with completed 2025 drillholes and re-assay results. Red outline is previous mineralization footprint at Cadillac Valley. 2025 work program was focused on upgrading the gold-antimony MRE potential at Cadillac Valley.

2025–2026 Drilling and Historical Re-Assay Results
Hole ID Length (m)* g/t Au % Sb g/t AuEq** From (m) To (m)
Resurrection Ridge – 2025 Holes
LB25-023A*** 100.6 1.07 0.22% 1.93 6.1 106.7
including 22.9 0.07 0.51% 2.05 6.1 29.0
also including 6.1 0.11 1.11% 4.44 16.8 22.9
LB25-025 no significant values – step out
LB25-026 no significant values – step out
LB25-027 6.1 0.11 0.15% 0.71 0.0 6.1
LB25-028 38.1 0.12 0.20% 0.89 18.3 56.4
including 3.0 0.03 1.30% 5.06 18.3 21.3
LB25-029 9.1 0.08 0.03% 0.21 0.0 9.1
LB25-030 9.2 0.05 0.08% 0.35 15.2 24.4
Cadillac Valley – 2025 Holes
LB25-005 62.5 0.45 0.03% 0.58 158.5 221.0
including 12.2 1.60 0.04% 1.76 182.9 195.1
LB25-007 146.3 0.21 0.01% 0.25 29.0 175.3
including 33.5 0.42 0.01% 0.47 29.0 62.5
LB25-008 7.7 0.13 0.03% 0.25 15.2 22.9
Cadillac Valley – Historical Re-Assay Results, MRE Focus
LB22-008 94.5 0.29 0.16% 0.92 60.4 154.8
including 4.3 0.54 2.29% 9.45 60.4 64.6
LB22-024 73.2 0.63 0.17% 1.29 205.7 278.9
including 18.3 0.50 0.33% 1.80 249.9 268.2

*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**AuEq based on US$3,000/oz gold and US$40,000/tonne antimony; assumed recoveries of 80% gold and 75% antimony.
***Hole LB25-023A terminated in oxide 0.66% Sb and 3.44 g/t Au due to drilling conditions.

Drillhole Orientation Details
Hole ID Target Zone Easting Northing Elevation (m) Length (m) Azimuth Dip
LB25-023ARR66700344173702114106.70-90
LB25-025RR6666524417161209767.10-90
LB25-026RR66674444172222096128.00-90
LB25-027RR6665734417315205973.20-90
LB25-028RR6666444417297208597.50-90
LB25-029RR6667394417332208497.50-90
LB25-030RR6667224417397208071.60-90
LB25-005CV66484244150292022232.0125-60
LB25-007CV66494444144512032189.0300-70
LB25-008CV66509644146522035189.0180-70
LB22-008CV66476244144392053230.0120-60
LB22-024CV66469144149212043279.090-60
Figure 4 – Limousine Butte Land Holdings and District Exploration Activity

Figure 4 – Limousine Butte Land Holdings and District Exploration Activity.

Grant of Options
The Company announces that it has granted 250,000 stock options to an advisor. Each option entitles the holder to acquire one common share at an exercise price of $1.72 per share, expiring April 9, 2028, subject to a vesting schedule of 50% upon grant and 50% after 12 months. The options were issued pursuant to the Company’s stock option plan.

ON BEHALF OF THE BOARD

“Signed”

Brandon Bonifacio, President & CEO

For further information, contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit www.nev-gold.com.
Sampling Methodology, Quality Control & Quality Assurance

NevGold QA/QC protocols 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. Historic data collection and analytical results by previous operators appear adequate and were completed to industry standard practices. For Newmont and US Gold data, a 30g gold fire assay and multi-elemental ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko, Nevada. Technical information in this news release has been reviewed and approved by Greg French, CPG, Vice President, Exploration — NevGold’s Qualified Person (“QP”) under National Instrument 43-101.

About the Company

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements based on the Company’s current expectations and estimates. Forward-looking statements include proposed work programs, exploration potential, the potential gold-antimony Mineral Resource Estimate, and potential near-term antimony production by 2027. Such statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated. Readers should not place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement. Forward-looking statements are not guarantees of future performance.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.

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