Nevada King Gold Corp. Completes $11.7 Million Private Placement

Nevada King Gold Corp. (TSXV: NKG) completed a private placement of 34,511,851 common shares at a price of $0.34 per common share for gross proceeds of $11.74 million. NKG is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada, United States. The company is focused on advancing its 100% owned Atlanta Mine project, located 100km southeast of Ely, which is a historical gold-silver producer with a NI 43-101 compliant pit-constrained resource of 460,000 oz Au in the measured and indicated category (11.0M tonnes at 1.3 g/t) plus an inferred resource of 142,000 oz Au (5.3M tonnes at 0.83 g/t).

The brokered portion of the offering was completed pursuant to the “Listed Issuer Financing Exemption” under applicable Canadian securities laws, by a syndicate of agents led by Desjardins Securities Inc. and including Red Cloud Securities Inc., Canaccord Genuity Corp. and Roth Canada, Inc.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team comprised of Michael Rennie, Niall Sweeney, Bronwyn Newell and Jason Kim (corporate finance and securities/mining, energy and natural resources).