Nevada King Gold Corp. announced a further increase to its Phase II resource expansion and definition drilling program at its 5,166 hectare (51.6km2), 100%-owned Atlanta Gold Mine Project, located in the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. On November 15, 2022, the Company announced a 25% expansion to its Atlanta Mine Phase II drill program to 20,000m, as a result of positive assay results and ongoing geological interpretation.

Drilling productivity has continued to exceed expectations with the Company having now completed 168 holes totalling 21,822m. Based on recent assay results and continued expansion of target envelopes in multiple areas, the Company has decided to expand the Phase II program by an additional 33% to 30,000m. Drilling will now continue through the winter months with two reverse circulation ("RC") rigs operating.

As the weather improves in early 2023, the Company is planning to add rigs to continue its coring program for both resource confirmation work and its metallurgical test program. To date, the Company has reported assays from 72 holes covering 6,843m, with results from 96 drill holes totalling 14,979m currently pending. Cal Herron, Exploration Manager of Nevada King, stated, "Recent drilling demonstrates the Atlanta epithermal system remains open in all directions and at depth.

Company's immediate drilling focus lies within and adjacent to the confines of the existing Gustavson resource zone, where the majority of pending holes were collared. Priority objectives include: Fully penetrating the silica breccia zone's lower contact. The highest gold grades frequently occur 10-15m above the basal contact of the mineralized silica breccia zone with underlying Ordovician-age dolomite and quartzite.

Many past holes failed to fully penetrate this lower portion of the silica breccia horizon and doing so is critical for fully realizing gold and silver grades and tonnage. Finding the bottom of gold mineralization. Recent drilling down through thick intervals of strongly altered volcanics west of the Atlanta West Fault reveals the potential for significantly increasing tonnage along the Atlanta Mine Fault Zone.

Company's interpretation indicates that this could be another game-changer for the Company at Atlanta.