NevGold Stakes Highly Prospective Zeus Copper Project Within The Hercules Copper Trend, Washington County, Idaho - Seite 2

Although the Zeus Copper Project is an additional project added to the portfolio with significant potential value for our shareholders, we remain focused on expanding our oxide, heap-leach gold resource platform in the Western USA with Nutmeg Mountain (Idaho) and Limousine Butte (Nevada). We are fortunate to have a strong core team, and we are always looking for opportunities to create value for our shareholders. It is also very advantageous to have another project in the district, as we have already built a strong reputation in Washington County, Idaho and we have many relationships to leverage as we advance both Zeus and Nutmeg Mountain. We are looking forward to further developing our portfolio of top-quality assets in the world class jurisdictions of Idaho and Nevada, and we will have many updates from Zeus, Nutmeg Mountain, and Limousine Butte over the coming months.”

NevGold VP Exploration, Derick Unger, comments: “The Hercules copper porphyry discovery is one of the most exciting recent discoveries in the Western USA. Along with Hercules, NevGold was one of the only other operators in Washington County, Idaho. Since acquiring Nutmeg Mountain two years ago, we have established strong infrastructure and local relationships, while building a very good understanding of the local geology. This allowed us to move quickly to secure some of the most prospective ground on the entire Hercules Copper Trend, which saw a significant increase in land acquisition and exploration activity after the Hercules discovery was announced last October. We have spent significant time in the field completing the staking process, and our team has been encouraged by the numerous indications of a large copper porphyry system at Zeus. The work now begins to target the best part of the system, while we also continue to systematically advance Nutmeg Mountain and Limousine Butte.”

Zeus Copper Project

Location & Infrastructure

The Zeus Copper Project is located 120 km northwest of Boise, Idaho and 40 km northwest of NevGold’s Nutmeg Mountain gold project. The recent Hercules copper porphyry discovery is 20 km northeast of Zeus (see Figure 2). The area has strong road, water, and power infrastructure with numerous sources of power and water nearby, and a large network of access roads leading to the Project.

Land Position

NevGold has acquired approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) of mineral rights through claim staking by the NevGold team. The claims cover both Bureau of Land Management (“BLM”) and United States Forest Service (“USFS”) ground (see Figures 1 and 2).