On May 29, 2025, NevGold Corp. (“NevGold”) announced the closing of its brokered private placement financing (the “Private Placement”) of 20,000,000 units (each, a “Unit”) at a purchase price of $0.30 per Unit for aggregate gross proceeds of $6,000,000 to NevGold. Each Unit was comprised of one common share in the capital of NevGold (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.45 per Common Share until May 29, 2027. The Private Placement was led by Clarus Securities Inc., as the lead agent and sole bookrunner, with a syndicate of agents including Research Capital Corporation and Moneta Securities Corp. acting on a “best efforts” basis.

The Private Placement utilized the listed issuance financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemption and the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued to purchasers in reliance on this prospectus exemption are not subject to a hold period pursuant to applicable Canadian securities laws. In connection with this exemption, NevGold filed on SEDAR+ an amended and restated Form 45-106F19 offering document, which provides a short description of the business of NevGold and the terms of the Private Placement.

NevGold is an exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. NevGold owns 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.

Further details regarding NevGold and the financing can be found on NevGold’s website. NevGold trades under the symbol “NAU” on the TSX Venture Exchange.