PLACING BIG BETS IN THE WORLD’S MOST PROLIFIC GOLD MINING TREND

JUNE 2020

Disclaimer

Certain statements in this presentation constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events or Nevada King Mining Ltd. (“Nevada King” or “the Company”) future performance, business prospects or opportunities. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but no always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions) are not statements of historical fact and may be forward looking information.

Forward looking information in this presentation includes, but is not limited to, statements with respect to the Company’s future plans to acquire additional targets or properties including equity positions with partners, enter into joint venture, earn-in, royalty or streaming structure agreements, or dispose of properties, achieve an income stream which would permit it to pay a dividend on its outstanding shares, the timing and amount of future exploration and expenditures and the possible results of such exploration.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking information. Such risks include, among others, the risk that the Company will not be successful in completing additional acquisitions, risks relating to the results of exploration activities and risks relating to the ability of the Company to enter into joint venture, earn-in, royalty or streaming structure agreements, or dispose of properties, future prices of mineral resources; accidents, labor disputes and other risks of the mining industry including continued community and government support of the Company’s projects. The Company believes that the expectations reflected in such forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. These statements speak only as of the date of this presentation. The Company does not intend, and does not assume any obligation, to update any forward-looking information except as required by law.

The scientific and technical information in this presentation has been reviewed and approved by Calvin R. Herron, a Qualified Person for purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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“People think production is

how you make money; it is not,

it is selling something at a high price, that is how you make money.”

Dr. Thomas Kaplan, Chairman and Founder of The Electrum Group

photo: forbes.com

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The United States’ fastest growing mineral claim holder

Nevada’s 5th largest active claim holder

A plan to become Nevada’s second largest claim holder by 2022

Focused exclusively on the Battle Mountain Trend, Nevada’s most prolific mining trend

Key people

Susan LavertuChief Executive Officer

Founder & Manager of Venture Financial Group Ltd., a resource focused private equity company which helps to fund and provide visibility for junior resource companies. A significant investor and advisor to several TSX-V listed mining companies.

At the forefront of innovation in the Internet Marketing industry for the past decade, including specific to the Canadian resource sector.

Dedicated to producing the highest level of work for clients and enjoys the one-on-one connection she develops with investors and clients.

Collin KettellExecutive Chairman

Founder and Manager of Palisade Global Investments Ltd., a resource focused investment company.

Comes from a family with deep ties to mining, including co-founding AuEx Ventures, the company responsible for discovering the Long Canyon deposit, a project ultimately acquired by Newmont Mining for $2.3 billion.

Founder & Executive Chariman, Palisades Goldcorp Ltd.; Founder & Executive Chairman, New Found Gold Corp.; Co-Founder, Goldspot Discoveries Ltd.; Co-Founder & CEO, Victory Metals Inc.

Cal Herron, P.Geo.Chief Operating Officer

President of Quest Geological Consultants, a geo-consultancy group focused on minerals exploration in North America

Over 40 years experience in the evaluation, design, and management of base and precious metals exploration projects in the United States and Asia

M.A. in Geology from California State University (1981); Professional Geoscientist (P. Geo.) registered in Ontario, Canada with APGO

Michael Kanevsky, CPAChief Financial Officer

Chartered Professional Accountant, began his professional career in the audit and assurance practice at Deloitte

Chief Financial Officer of Mexican Gold Corp. (TSX-V:MEX) and several private mining companies

Prior to joining the Company, Mr. Kanevsky held controllership and financial reporting roles with several Vancouver based mining companies with operations in Argentina, Peru and Chile

Philip O’Neill, B.AScPresident & Director

President & Founder of MP1 Capital, a Calgary-based company investing in the natural resources sector

COO of Palisades Goldcorp Ltd.; CEO and Director of Mexican Gold

Previous Founder, Director, and CEO of Sunward Resources (TSX-V:SWD) where he raised $81M and led its acquisition by NovaCopper (now Trilogy Metals), at a +140% premium to market

2012 Induction into Casey Research NexTen – industry players identified as the “Next Generation of Resource Industry Titans”

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William M. Sheriff, M.Sc.Proposed Director

Entrepreneur and visionary with over 30 years’ experience in the minerals and securities industries.

Founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Corp.

Currently serves as Chairman of enCore Energy Corp.

Previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd..

Lewis Teal, M.Sc., B.Sc. GeoTechnical Advisor

Over 35 years professional experience in multi-commodity minerals exploration in North and South America.

Regional functional business lead in South America and the Caribbean for a major international mining company with +16 years of continent wide, multi-cultural international management experience in generative exploration to advanced operational project development

Proven track record of multiple discoveries and advanced development experience.

Dr. Quinton Hennigh, Ph.D.Proposed Director

Economic geologist with 25 years of exploration experience, mainly gold related. Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.

Led exploration for Gold Canyon Resources at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.

In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/ Geochemistry from the Colorado School of Mines.

Craig Roberts, P.EngProposed Director

Mining engineer with over 30 years of operations, consulting and investment banking experience.

Includes work on feasibility studies for numerous mining projects worldwide, investment banking/due diligence roles in over 200 institutional equity financings.

Significant experience advising management and boards on merger and acquisition transactions.

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Directors & Advisors

The major mining company dilemma, time for a new entrant• The three largest landholders in Nevada are Barrick, Newmont, and Kinross, collectively holding 44,000 claims

(880,000 acres). On an annual basis this costs these juggernauts $9.7M to hold, collectively. Compared to revenue from operations, this amounts to a rounding error, disincentivizing exploration activities and joint venture partnerships.

• Discoveries are made through sizable drilling budgets and a bit of luck. With no deals being done by majors and minimal exploration expenditures, it is time for a nimble company to take a commanding position and structure deals that will result in the most money being spent on that ground.

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Nevada King is Nevada’s fastest growing claim holder and now holds the title of 5th largest mineral holder in the State; Nevada King controls six district size projects within the Battle Mountain Trend, including the past producing, 1M ounce (43-101) Atlanta Mine.

When measured by concentration of gold ounces, the Battle Mountain Trend is the world’s most prolific producer - Pipeline, Cortez, Phoenix, McCoy/Cove, and Lone Tree are just a few of the world class mines that comprise the trend. These mines have laid the foundation for today’s mining juggernauts including Barrick and Newmont, and is the focus of Nevada King’s efforts.

The best way to make a major discovery is through the drill bit; by becoming Nevada’s most active land holder, the odds favor the next major discovery taking place on Nevada King land.

Who we are

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Nevada is rated by the Frasier Institute as the Worlds #1 mining district.

A goal to become the leader in Nevada

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Acquire district size projects that have had significant

past work and drilling, by major operators

In close proximity to operating and

past producing gold mines

Using a proprietary claim records database to

find data rich environments, NOT staking based

on geologic theories

And avoid costly option payments, work commitments,

and NSRs by staking ground directly.

×

× $×

×

× $×

×

× $× ×

× $×

WINNEMUCCA

RENO

LASVEGAS

BATTLEMOUNTAIN

ELKO

9.65M oz Au Deposit3.22M - 9.65M oz Au Deposit1.61 - 3.22M oz Au Deposit<0.32 - 1.61 oz Au Deposit

GOLD DEPOSIT

Nevada Gold Mines (32575 Claims)Kinross Gold (12198 Claims)Elko Mining Group (Watterton) (10116 Claims)McEwen Mining (5818)Nevada King (5150)Hecla Mining (4061)Coeur Mines (3484)

TOP 7 Holders (Sept. 2019)

Battle Mountain Trend

Twin Creeks Mine

Getchell Mine

Betze/Post Mine

Gold Quarry Mine

Cortez Gold Mines

Pipeline

Phoenix

Comstock

Goldfield

Sterling Mine

Daisy MineBullfrog Mine

Tonopah

Mineral Ridge Mine

Candelaria Mine

Manhattan

Round Mountain Mine

Northumberland

Santa Fe

Paradise Peak

Denton-Rawhide Mine

Yerington Cu

Talapoosa

Olinghouse Mine

Borealis

Aurora Mine

Coeur Rochester Mine

Florida Canyon Mine FortitudeBattle Mountain Complex

McCoy/Cove Mine

Marigold Mine

Carlin Mine

Meikle Mine

Jerritt Canyon Joint VentureSleeper

Ken Snyder Mine

Hollister

Dee MineBootstrap Mine

Deep Star MineGenesis/Bluestar Mine

Lantern Mine

Beast MineLeeville

Tusc Mine

EmigrantRain Mine

Long Canyon

West Pequop

Kinsley

Goldend Butte

Bald Mountain Mine

Mooney Basin

Alligator Ridge Mine

Yankee Mine

LLlipah

Archimedes Ruby Hill Mine

Lookout Mountain

Mt Hamilton

Easy Junior

Griffon Mine

Robinson

Gold Bar

Tonkin Spring

Pediment

BuckhornHorse Canyon

Gold AcresElder Creek

Gold TripletGulch

Hilltop

Fire Creek - Klondex

Mule Canyon Mine

Mt Hope

Pinson Mine

Preble

Kramer Hill

Trenton CanyonBuffalo Valley Mine

Hycroft

Rosebud Mine

Wind Mountain

Willard

Relief Canyon

Fondaway Canyon

Lone Tree Mine

ATLANTAMINE

IRON POINTVANADIUM

GOLCONDAGOLD

CARICOLAKE

KOBEHVALLEY

HILLTOPSOUTH

LEWIS

CRESCENTVALLEY

HORSE MTN.-MILL CREEK

Goldstrike Mine

EVANAVANADIUM

Nevada’s 7 largest claim holders

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WINNEMUCCA

RENO

LASVEGAS

BATTLEMOUNTAIN

ELKO

9.65M oz Au Deposit3.22M - 9.65M oz Au Deposit1.61 - 3.22M oz Au Deposit<0.32 - 1.61 oz Au Deposit

GOLD DEPOSIT

Nevada Gold Mines (32575 Claims)Kinross Gold (12198 Claims)Elko Mining Group (Watterton) (10116 Claims)McEwen Mining (5818)Nevada King (5150)Hecla Mining (4061)Coeur Mines (3484)

TOP 7 Holders (Sept. 2019)

Battle Mountain Trend

Twin Creeks Mine

Getchell Mine

Betze/Post Mine

Gold Quarry Mine

Cortez Gold Mines

Pipeline

Phoenix

Comstock

Goldfield

Sterling Mine

Daisy MineBullfrog Mine

Tonopah

Mineral Ridge Mine

Candelaria Mine

Manhattan

Round Mountain Mine

Northumberland

Santa Fe

Paradise Peak

Denton-Rawhide Mine

Yerington Cu

Talapoosa

Olinghouse Mine

Borealis

Aurora Mine

Coeur Rochester Mine

Florida Canyon Mine FortitudeBattle Mountain Complex

McCoy/Cove Mine

Marigold Mine

Carlin Mine

Meikle Mine

Jerritt Canyon Joint VentureSleeper

Ken Snyder Mine

Hollister

Dee MineBootstrap Mine

Deep Star MineGenesis/Bluestar Mine

Lantern Mine

Beast MineLeeville

Tusc Mine

EmigrantRain Mine

Long Canyon

West Pequop

Kinsley

Goldend Butte

Bald Mountain Mine

Mooney Basin

Alligator Ridge Mine

Yankee Mine

LLlipah

Archimedes Ruby Hill Mine

Lookout Mountain

Mt Hamilton

Easy Junior

Griffon Mine

Robinson

Gold Bar

Tonkin Spring

Pediment

BuckhornHorse Canyon

Gold AcresElder Creek

Gold TripletGulch

Hilltop

Fire Creek - Klondex

Mule Canyon Mine

Mt Hope

Pinson Mine

Preble

Kramer Hill

Trenton CanyonBuffalo Valley Mine

Hycroft

Rosebud Mine

Wind Mountain

Willard

Relief Canyon

Fondaway Canyon

Lone Tree Mine

ATLANTAMINE

IRON POINTVANADIUM

GOLCONDAGOLD

CARICOLAKE

KOBEHVALLEY

HILLTOPSOUTH

LEWIS

CRESCENTVALLEY

HORSE MTN.-MILL CREEK

Goldstrike Mine

EVANAVANADIUM

Our projects

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Atlanta Mine51.9Km2

Carico Lake57.01Km2

Crescent Valley 1.17Km2

Evana Vanadium 9.95Km2

Golconda Gold 12.95Km2

Horse Mtn.-Mill Creek 49.5Km2

Iron Point Vanadium 60.13Km2

Hilltop South 28.63Km2

Kobeh Valley 15.48Km2

Lewis32.4Km2

Atlanta Mine

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• 100% owned by Nevada King

• Past open pit production -110,000 oz. gold, 800,000 oz. silver (1975 – 1985)

• NI 43-101 resource of 683,600oz AuEq M+I, 618,700oz AuEq Inferred*

• Property is already covered with BLM Approved Plan of Operations

• Previously held by Meadow Bay Gold (TSX: MAY), which had a $75M market cap on this asset; past exploration by Kinross Mining

• Existing infrastructure includes electricity to the mine, roads and abundant water supply

“Resource estimate for existing pit area completed by Gustavson Associates in March 2013.”Atlanta Mineralised Zone, showing blocks above 0.40ppm Au, in both Si Breccia Zone (red) and Porphyry Zone (blue). Looking East.

62502

57502

52502102000N 101500N 101000N 100500N 100000N 98500N99000N99500N 98000N

Winnemucca

BattleMountain

Elko

Las Vegas

Reno

ATLANTA MINE

Our mandate is simple

1. Acquire ground through staking

2. Obtain historic data and build a compelling exploration narrative

3. Find partners to explore, develop, and drill

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July 2017Acquired Iron Point Project for its gold potential for ~$200,000

July 2018Uncovered old data exposing a large-scale vanadium prospect

September 2018Nevada King (previously Casino Gold) signed a deal to option project to Paul Matysek’s Victory Metals (TSX-V:VMX) for $14.7M in stock, retaining a 1% NSR

I RO N PO I NT PRO J E CT

A proven model

ValueCurrent position is worth $17M(Dividended out to Nevada King shareholders in January 2020)

Fixed NSRNevada King holds a 1% fixed NSR on Iron Point

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Winnemucca

BattleMountain

Elko

Las Vegas

Reno

Change of Control Concept

TSX VENTURE MINING DEALS

3,500

3,000

2,500

2,000

1,500

1,000

500

0

2005 2007 2009 2011 2013 2015 2017

$79.9 bi

$13.9 bi

$4.2 bi

?

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• As money comes pouring back into the sector with higher gold prices, Nevada King will be positioned to provide Venture companies with high quality, well packaged projects, ready for exploration and drilling.

• The likelihood of a discovery is directly correlated to the amount of money spent in the ground and the amount of ground a company controls.

Becoming the storefront for junior mining companies looking for their next great project.

Share structure

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Share Count

48.5M (post financing $0.70)

Options

4.75M Cash

$3.5MCAD

Market Capitalization

$33.9M CAD

41% 6%10% 7% 7% 29%

Directors & Management

NY Family Office

Australian Family Office Other

European Family Office

Appendix

ATLANTA MINE(Lincoln Co., NV)

ACQUIRED August 2019 from Meadow Bay Gold

• 12 patented claims• 385 lode claims

PROJECT TYPE Past producing gold mine with 500,000+ ounce gold equivalent drill resource completed in 2018

HISTORICAL PRODUCTION

• Underground and small surface mining 1905-1966

• Bobcat-Standard Slag JV (1975-1985) mined 1.5M tons and recovered 110,000 oz Au and 800,000 oz Ag

OUTLOOK Solid exploration potential for 1M+ ounces with additional infill and perimeter drilling plus other targets on property.

RECENT HISTORY

Meadow Bay, 2011-2018 $17M for acquisition, exploration, and drilling done on the project Drilling (2011-2015) 19,729’ core, 24,460’ RC Market cap of $200M in 2011, with the Atlanta Mine as its sole asset Measured + indicated resource by Gustavson Assoc. in 2018 (43-101 compliant): 12.6M tonnes grading 1.3 g/t Au and 11.6 g/t Ag

Kinross Gold Corp., 1997-1998Drilling: 54,345’ In-house indicated + inferred resource (43-101 non-compliant): 8.4M tonnes grading 1.71 g/t Au and 14.4 g/t Ag

Gold Fields Mining Corp. , 1990-1991Drilling: 56,021’71

Bobcat-Standard Slag JV, 1975-1985Drilling: 38,321’

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LEWIS PROJECT(Lander Co., NV)

ACQUIRED March 2018 from Tim Percival• 55 lode claims

January 2020 from Battle Mountain State Bank Mortgage Corp.

• 18 patented mining claims and 180 acres of fee land

Nevada King staked additional 336 lode claims in 2017-2018

PROJECT TYPE Past producing silver-gold-base metals mine with a 65,000 oz Au open pit historical resource drilled in the 1990s

HISTORICAL PRODUCTION

Underground operations at Betty O’Neal Mine and adjacent tunnels during period 1880-1928 reportedly yielded 5M oz Ag and 20,000 oz Au with Cu-Pb-Zn credits

OUTLOOK • Significant gold mineralization encountered in historical drill holes over large area.

• Adjoins and is on trend with Barrick’s Hilltop property with reported 1M+ oz Au resource

• Solid exploration potential for 1M+ ounces with additional infill and perimeter drilling plus other targets on property.

RECENT HISTORY

Carlin Gold, 2007Drilling: 4,000’

Placer Dome, 2005Drilling: 3,910’

Cameco, 1996Drilling: 15,036’

Cyprus, 1992Drilling: 3,770’

St. George Metals, 1986-1990Drilling: 70,172’In-house geologic resource (43-101 non-compliant): 65,000 oz Au

Tenneco Minerals, 1986Drilling

AMAX, 1986Drilling: 4,880’

Noranda, 1980-1981Drilling: 6,790’

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HILLTOP SOUTH PROJECT (Lander Co., NV)

ACQUIRED Nevada King staked 343 lode claims (NSR block) in 2017-2018

PROJECT TYPE Exploration targets along the southeastern extension of Barrick’s Hilltop deposit (reported 1M+ oz Au) and around the historical Gray Eagle underground gold mine.

HISTORICAL PRODUCTION

None reported

OUTLOOK • Good potential for extending Barrick’s Hilltop deposit to the southeast onto Nevada King’s ground.

• Widespread gold anomalies indicate good potential for finding a sediment-hosted Au deposit around the Eocene-age stock centered on the Gray Eagle gold mine.

RECENT HISTORY

WK Mining USA, 2011 Drilling, Bullion West Project

Agnico-Eagle, 2005 Drilling, NSR North Project

Barrick, 2005Drilling, Storm Project Drilling, Goldspar Project

Barrick, 1998Drilling, Mud Springs Project

Romarco NV, 1996Drilling, Gray Eagle Project

Teck Resources, 1995Drilling, Hedgehog Project Drilling, Mud Springs Project

BHP-UT Intl., 1993Drilling, Goldspar Project

Cameron Stitzel, 1992Drilling, Railroad Project

St. George Metals, 1987Drilling, Indian Grouse Project

Placer Dome, 1986Drilling, Haverton Peak Project

Cameron Stitzel, 1986Drilling, Railroad Project

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GOLCONDA GOLD PROJECT (Humboldt Co., NV)

ACQUIRED Nevada King staked 155 lode claims (GS and GT blocks) in 2016-2018

PROJECT TYPE Sediment-hosted gold exploration targets underneath the Golconda Thrust Fault.

HISTORICAL PRODUCTION

None reported

OUTLOOK • Widespread gold anomalies indicate good potential for finding a Prebble type or Lone Tree type sediment-hosted gold deposit within the lower plate of the Golconda Thrust.

RECENT HISTORY

Union Summit Minerals, 2007Drilling, Golconda Summit Project

Cameco US Inc., 1996Drilling, Edna Mtns. Project

Cordex, 1992Drilling, Golconda Summit Project

Newmont Mining, 1992Drilling, Edna Mtns. Project

Pinson Mining Co.1990 Drilling, Golconda Project1991 Drilling, Raven-RCK Project

Billiton Minerals, 1989Drilling, Raven Project

Independence Mining, 1989Drilling, Golconda Summit Project

Teck Resources, 1987Drilling, Raven Claims Project

St. George Metals, 1987Drilling, Indian Grouse Project

Summa Corp., 1981Drilling, Golconda Summit Project

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HORSE MTN - MILL CREEK PROJECT (Lander Co., NV)

ACQUIRED Nevada King staked 592 lode claims (MC, HM, GA blocks) in 2017-2018

PROJECT TYPE Sediment-hosted gold exploration targets in upper and lower plate rocks. HM claim block tested by 64 holes drilled since 1973, with low grade gold intercepts reported in lower plate carbonates. GA claim block adjacent to lower plate-hosted Gold Acres gold mine.

HISTORICAL PRODUCTION

None reported

OUTLOOK Good potential for finding sediment-hosted gold deposit in lower plate of Roberts Mountain Thrust.

Saga Exploration, 1994Drilling, Oversight Project (Mill Creek)

RECENT HISTORY

Newcrest Resources, 2008Drilling, Horse Mtn. Project

X-Cal Resources, 2006 Drilling, Harry Canyon Project (Mill Creek)

Barrick, 2005 Drilling, Wind Project & HM Project (Horse Mountain) & Drilling, Harry Creek Project (Mill Creek)

Newcrest Resources, 2003 Drilling, Rock Island Project(Mill Creek)

Phelps Dodge, 1999 Drilling, Mountain Spring Project (Mill Creek)

Kennecott, 1999 Drilling, Kennecott Project (Mill Creek)

Barrick, 1998 Drilling, Mill Creek Project

High Desert Min. Res., 1995 Drilling, Rum Dream Project(Horse Mountain) RC hole MC-96-08 reported to hit 9.1m grading 0.85 g/t Au in lower plate carbonates below the Roberts Mountain Thrust at 257m depth on Horse Mtn. targetDrilling, Mill B Project (Horse Mountain)

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Independence Mining, 1993 Drilling, Carico Lake Project (GA Claims)

Euro Nevada Mng. Corp., 1992 Drilling, Rum Dreams Project (Horse Mountain)

Santa Fe Gold, 1991 Drilling, Mill Creek Project

Saga Exploration, 1989 Drilling, OS 1-27 Project

Gexa Gold, 1987 Drilling, Marvel-Cook Cr. Project (Horse Mountain)

Phelps Dodge, 1987 Drilling, Rum Dreams Claims Project (Horse Mountain) Reportedly drilled a small low grade gold resource in upperplate rocks.

Nerco Expl. Co., 1985Drilling, Horse Mountain Project

CARICO LAKE CEDARS PROJECT (Lander Co., NV)

ACQUIRED Nevada King staked 682 lode claims (CL and CDR blocks) in 2019

PROJECT TYPE Sediment-hosted gold exploration targets in upper and lower plate rocks. CDR claim block surrounds small gold resource reportedly drilled by Chevron Resources.

HISTORICAL PRODUCTION

None reported

OUTLOOK • Large region hosting anomalous Au-As-Hg values in upper plate rocks indicate potential for upper plate and lower plate hosted gold targets.

• Cedars Au resource zone hosts strong silica veining and flooding surrounded by large alteration aureole with potential for expansion.

RECENT HISTORY

Newcrest Resources, 2002Drilling, Cedars Project

Newmont Mining, 1998Drilling, Cedrina Project

Centerra US Inc., 1995Drilling, Stone Canyon Project (Carico Lake)

Teck Resources, 1994Drilling, Carico Lake Project

Centerra US Inc., 1994 Drilling, Cedars East Project1995 Drilling, Cedars Project

Freeport Exploration, 1988Drilling, Cedars Project

Chevron Resources, 1981 Drilling, Cedars Project

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KOBEH VALLEY PROJECT (Eureka Co., NV)

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RECENT HISTORY

Newmont, 2004 Drilling, Whistler Project2005 Drilling, Devils Gate Project

Pittston Nevada Gold, 2000 Drilling, Whistler Project Barrick, 1997 Drilling, Whistler Mtn. Project

Kennecott, 1993 Drilling, Kobeh Valley Project

Western Mining Corp, 1990 Drilling, Wist Claims Project

ACQUIRED Nevada King staked 183 lode claims (KVE block) in 2020

PROJECT TYPE Sediment-hosted gold exploration targets in lower plate rocks within south-central portion of Battle Mountain Trend between Cortez and Eureka.

HISTORICAL PRODUCTION

None reported

OUTLOOK • Project located in center of Battle Mountain Trend, in between the Mount Hope molybdenum deposit and Nevada Gold Mine’s Archimedes mine at Eureka.

• Favorable environment for sediment-hosted gold deposit hosted in lower plate carbonates given its proximity to McKewen Mining’s large Gold Bar project.

EVANA VANADIUM PROJECT (Eureka Co., NV)

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RECENT HISTORY

North Mining, 1994 Drilling, GR Claims Project Battle Mtn. Gold Co., 1991 Drilling, Tyrone Gap Project Cyprus Exploration, 1986 Drilling, Diamond Valley Project

ACQUIRED Nevada King staked 67 lode claims (EV block) and leased 52 lode claims from Nevada-Alaska Mining Co., for a total of 119 lode claims.

PROJECT TYPE Sediment-hosted gold exploration targets in lower plate carbonates, and primary vanadium deposit hosted in upper plate Vinini Formation.

HISTORICAL PRODUCTION

None reported

OUTLOOK • The property’s location along the axis of the Battle Mountain Trend and proximity to Nevada Gold Mines’ Archimedes and Ruby Hill gold deposits argue for favorable potential in the lower plate carbonate section for a sediment hosted gold system. Widespread vanadium mineralization in upper plate siliclastic rocks points to favorable potential for a shallow primary vanadium deposit similar to Iron Point.

CRESCENT VALLEY PROJECT (Eureka Co., NV)

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RECENT HISTORY

Oro Nevada Mining Co., 1996 Drilling Uranerz USA, 1994 Drilling, Hand Me Down Project Battle Mtn. Gold Co., 1993 Drilling, Hand Me Down Project

ACQUIRED Nevada King staked 14 lode claims (HMD Block) in 2016.

PROJECT TYPE Shallow, epithermal-type vein system along major range-front fault bounding the southern end of Crescent Valley.

HISTORICAL PRODUCTION

None reported

OUTLOOK • Consistently mineralized surface samples running in the 0.X g/t gold range taken along a NE-trending chalcedonic vein zone averaging around 20m wide and exposed along a 1.3km strike length.

• Nearby gold deposits include the Pipeline-Cortez complex and the high grade veins at Firecreek. Potential at depth for a Firecreek-type vein deposit, or possibly a Cortez Deep type replacement deposit.