Overview

NV Gold Corporation (TSXV:NVX,OTC Pink:NVGLF) is a junior exploration company focused on delivering value through mineral discoveries and a highly experienced in-house technical team.

NV Gold is advancing several projects in Nevada, including the Slumber Gold Project in Humboldt County, where the company recently identified five new mercury vapor anomalies, all outside the known mineralized gold zone. NV Gold also confirmed the presence of strong geochemical anomaly from a recent soil sampling program at its 100-percent owned SW Pipe Gold Project in Lander County.

Earlier in 2022, the company announced its intended plans for the 2022-2023 exploration and drilling program for its six highest priority projects in Nevada namely, SW Pipe, Sandy, Triple T, Pickhandle, Spanish Canyon and Discovery Bay. NV Gold has secured a drill rig and has completed drilling at its Sandy and Pickhandle Projects. A mercury vapor survey was conducted at SW Pipe Gold Project where the company identified four gold targets based on positive mercury vapor test results and potentially Carlin-type gold targets. The SW Pipe Gold Project is comprised of 84 unpatented mining claims and is approximately 6 km southwest of the world-class Pipeline gold mine in the central Cortez gold belt of north-central Nevada.

NV Gold owns AngloGold Ashanti’s (ASX:AGG,NYSE:AU) and USMX Inc.’s historical databases and has converted them to searchable form, giving the company an edge over its peers when it comes to exploration.

The company also boasts three highly regarded and skilled management team members who all have many years of experience working in Nevada. Heading the team is chairman John Watson who has over 40 years of experience in the mineral resource industry in Nevada. Joining him is John Seaberg, CEO and director, and VP exploration Thomas Klein, who collectively has over 55 years of mining experience in Nevada.

Company Highlights

• Operating in the number one mining jurisdiction in the world, according to the Fraser Institute.
• Owns 16 projects throughout Nevada with the potential to add more projects.
• Acquired AngloGold Ashanti’s and USMX’s historical exploration files.
• Management and board own approximately 10 percent of the issued and outstanding shares

Key Projects

Sandy Gold Project

The Sandy Gold Project is in Lyon County, Nevada, and is exhibiting widespread alteration and mineralization hosted in tertiary volcanic rocks. The alteration occurs as argillization of the host volcanic units, closely associated with iron oxides. Mineralization is most obviously expressed as several types of veins, including banded epithermal veins with chalcedonic to finely crystalline quartz, with varying amounts of calcite and adularia, and local barite. Coarse-grained calcite veins are also present.

In 2022, NV Gold completed four reverse circulation holes totaling 1,600 feet (487.7 m) at the Sandy Project to test significant IP anomalies on strike with a successful drill hole intercept. The project further sets high-grade potential,10 to 20 g float vein samples shed from covered veins. The new drilling unveiled an additional potentially mineralized zone that has not been drilled and an additional target remaining in the northeastern part of the property.

Pickhandle Gold Project

The Pickhandle Gold project is located at a structural intersection of the “Rabbit Suture” (Hwy 305) and the Crescent Valley Fault Zone, approximately 45 kilometers southwest of Nevada Gold Mine’s Cortez and Pipeline multi-million-ounce-gold deposits.

The Pickhandle gold target comprises a small window of Permian Edna Mountain Limestone cut by mineralized dikes. The area has never been drilled and shows no evidence of having been prospected in recent times.

The company has initiated a first-stage two- to four-hole drilling program at the Pickhandle Gold Project for a total of 842.8 meters to test for sediment/carbonate mineralization. The project has the potential for a new multi-million-ounce gold deposit.

Triple T Gold Property

The Triple T gold property is located in Humboldt Range, 9 kilometers east of the Rochester silver-gold operation and 42 kilometers southeast of the Florida Canyon gold mine in Pershing County, Nevada. The property has 41 claims divided into two principal zones of gold mineralization.

In 2022, NV Gold received approval of the notice of intent for Triple T Gold property for 10 additional RC holes and will commence with the drill site construction in the last quarter of 2022 or the first quarter of 2023.

Slumber Gold Project

The Slumber Gold project covers about 3.9 square kilometers comprised of 55 unpatented lode mining claims owned by the company and five unpatented lode mining claims leased from a third party.

In early 2022, NV Gold received confirmation of gold mineralization through positive lab results from recent RC drill holes. As of March 2022, 12 RC holes totaling approximately 2,350 meters (7,710 feet) have been drilled and sampled. The company also identified five new mercury vapor anomalies, all outside the known mineralized gold zone.

Discovery Bay

The Discovery Bay Project is located along the “Rabbit Suture” (Hwy 305) and in proximity to the Cove-McCoy gold deposits in Lander County, Nevada. The project’s target comprises a one-kilometer-long, previously unknown, and unexplored window of Triassic Osobb Mountain Quartzite and Cane Springs Limestone (host rocks at McCoy), and other underlying host lithologies.

NV Gold initiated the first drill program at the project in April 2022 consisting of approximately 1,500 to 1,800 meters of reverse-circulation drilling in four holes.

Management Team

John Watson - Chairman

John Watson has over 45 years of experience in the mineral resource industry. Watson is the Founder of the Company and served as chairman and CEO from 2009 through 2017 and chairman since 2017. From 2002 to 2007, Watson was the president of Pan-Nevada Gold Corporation which, prior to the completion of its plan of arrangement with Midway Gold Corp. effective April 13, 2007, was a TSX Venture Exchange listed company focused on the acquisition, exploration and expansion of advanced stage gold projects in Nevada. Pan-Nevada performed extensive exploration and resource expansion of the Pan Project in Nevada, now in production. From 1979 to 1993, Watson was the president and CEO of Horizon Gold Corporation, which was listed on NASDAQ from 1986 to 1993. Horizon Gold Corporation built and operated two open pits, heap leach mines in Nevada during the period from 1985 to 1992. Watson holds a B.A. in Geology from the University of Texas and an M.Sc. in Mineral Economics from the Colorado School of Mines.

John Seaberg - CEO

John Seaberg has held several executive roles within the mining industry throughout his career. Since September 2021, he has been CFO of Condor Gold plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the executive chairman of Paramount Gold Nevada Corp. He was previously senior vice-president of strategic relations at Klondex Mines Ltd. In this role, he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, Seaberg was employed for more than 12 years by Newmont Mining Corporation where he last held the position of vice-president of investor relations. He has a Bachelor of Science Business Administration degree from Colorado State University and a Masters of Business Administration from the University of Denver.

Thomas Klein - Vice-president Exploration

Thomas Klein brings over 25 years of distinguished global exploration experience. Klein’s career has led to extensive contributions to multiple gold discoveries and/or project advancements in the USA, South America, West Africa, and the Middle East, and has spent the last decade exploring and generating exploration opportunities for Newmont Mining in Nevada. Klein discovered the Kupfertal Cu-Au Porphyry in Peru, is credited as the co-discoverer of the Amulsar Gold Deposit in Armenia, holds a master’s in mineralogy from Ruprecht-Karls University in Heidelberg, Germany, and is a member of the Geological Society of Nevada.

Ron Schmitz - CFO

Ron Schmitz is the principal and president of ASI Accounting Services Inc., which has provided administrative, accounting and office services to public and private companies, since July 1995. Schmitz has served as a director and/or chief financial officer of various public companies since 1997, and currently holds these positions with various public and private companies.

C. Bruce Scott - Corporate Secretary and General Counsel

C. Bruce Scott has practiced law in the areas of corporate finance and securities, corporate and mining since 1993, and is general counsel and corporate secretary to Seabridge Gold since 1999. In private practice, Scott has worked predominantly for publicly listed mineral resource companies in the exploration and development stages and has worked on prospectus offerings and private placement financings and mergers and numerous property purchases, property options and joint venture transactions. Scott was a partner at DuMoulin Black LLP from 1998 – 2011 and, before joining DuMoulin Black LLP, worked in a large full-service Vancouver-based firm that is now part of Borden Ladner Gervais LLP. Scott served as a member of the British Columbia Securities Commission Securities Law Advisory Committee from 2004-2007. He received his LL.B. from the University of Toronto and a B.A. (hons) in economics from Western University.

Alfred “Alf” Stewart - Director

Alfred Stewart has a career spanning over 40 years in the resource and investment industries. Stewart’s career includes time spent as a geologist, stock exchange regulator, investment banker, analyst and investment advisor. Stewart has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital, and Raymond James. He has been involved in financing mining companies for over two decades, including discoveries in the base and precious metals sectors. Stewart is also a director of Searchlight Resources Inc.

Howard Golden - Director

Howard Golden brings over 40 years of experience in the mining industry, across six continents. He has held senior executive roles with some of the largest mining operators in the world and played a pivotal role in the discovery of the Syama, Oyu Tolgoi, Agbaou and West Musgrave ore deposits. Prior to assuming his current role leading ASX listed Arrow Minerals Ltd, Golden was the global exploration manager for Nordgold, with projects spanning across Africa, South America, Canada and Russia. Golden also held the role of general manager of exploration of Rio Tinto, responsible for discovering and acquiring resources in Central and West Africa. Prior to Rio Tinto, he spent three years as regional director of exploration at Kinross Gold Corporation in Russia, where amongst other tasks, he was responsible for increasing the company’s gold reserves through the discovery, identification, acquisition and economic evaluation of gold deposits in Russia. He was also chief geophysicist for WMC Resources in Australia and was principal geoscientist for BHP Minerals for 18 years. Golden has a proven global track record of leading multi-disciplined exploration programs in different climates, conditions and regulatory regimes.

John R. Kerr - Director

John Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (B.A.Sc) degree in geological engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. His expertise is epithermal and sedex-hosted precious metal deposits in Nevada, and porphyry copper/gold/molybdenum deposits of the western Cordillera. Successful ventures include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine and discovery of the Mindora gold/silver deposit, all located in Nevada. He is also credited with early identification of two VMS deposits at the Rambler Mine in Newfoundland and recognition of the Frasergold strata controlled gold deposit in British Columbia. Kerr has served as a technical advisor and director of numerous public companies and is currently a director of four companies listed on the TSX.V.

Dr. Quinton Hennigh - Advisor

Dr. Quinton Hennigh is currently the geologic and technical director for CRESCAT Capital. Hennigh was the founder of Novo Resources and held multiple senior positions there. Hennigh was the president of exploration and chief geologist of Evolving Gold Corporation. He is credited with the discovery of the Rattlesnake Hills deposit in Natrona County, Wyoming, USA. From May 2007 to March 2008, Hennigh was the vice-president of exploration for Evolving Gold Corp. From May 2004 to March 2007, he served as senior research geologist with Newmont Mining Corporation. Hennigh has worked throughout North America, in Europe, Australia, Asia and South America with several mining companies and has spent years developing regional concepts for the exploration of buried gold deposits, particularly in Nevada. Hennigh holds a Bachelor of Science from the University of Missouri and an MSc. and PhD from the Colorado School of Mines. He is a member of the Society of Economic Geology and of the Mining and Metallurgical Society of America.