On May 12, 2026, NevGold Corp. (“NevGold”) announced the closing of its upsized brokered private placement financing (the “Private Placement”) of 22,223,946 common shares (the “Common Shares”) for gross proceeds of $42,225,497. Each Common Share was priced at $1.90 per share and is subject to a hold period expiring on September 13, 2026. The Common Shares were offered pursuant to exemptions from the prospectus requirements for residents of Canada and certain other jurisdictions.

Clarus Securities Inc. acted as the sole agent and bookrunner for the Private Placement.

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 (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.