NevGold Raises US$30.1 Million (C$42.2 Million) in Upsized Private Placement to Advance Critical Minerals Portfolio

NevGold Corp. has successfully completed an upsized brokered private placement, raising approximately US$30.1 Million (C$42.2 Million) through the issuance of 22,223,946 common shares at US$1.36 (C$1.90) per share. The offering was conducted on a best efforts basis, with Clarus Securities Inc. acting as sole agent and bookrunner.

NevGold is a gold and critical metals exploration company focused on advancing projects in Nevada and Idaho, two key mining jurisdictions in the United States. The proceeds will support the continued exploration and development of the company's asset portfolio as demand for precious and critical minerals continues to grow.

The succesful financing highlights sustained investor confidence in companies developing resources essential to both the global energy transition and long-term mineral supply security.

Advisory Team:

Miller Thomson LLP

Andrew Powers

Alex Bruvels

Connor Broude

Raquel Moses

Kobi Rosoph

Tamara Gutic