Tower Declares AGM Outcomes and Grant of Fairness Incentives

• Extra high-grade oxide gold-antimony at Resurrection Ridge together with:

• • RR03_01: 11.41 g/t AuEq* over 6.1 meters (10.60 g/t Au and 0.18% Sb), inside 2.19 g/t AuEq* over 56.4 meters (1.74 g/t Au and 0.10% Sb)
  • LB010: 3.19 g/t AuEq* over 26.2 meters (2.24 g/t Au and 0.21% Sb), inside 2.16 g/t AuEq* over 57.2 meters (1.45 g/t Au and 0.16% Sb)
  • LB028: 4.62 g/t AuEq* over 6.1 meters (0.14 g/t Au and 1.0% Sb) inside 0.66 g/t AuEq* over 128.0 meters (0.06 g/t Au and 0.13% Sb)
  • LB133: 1.78 g/t AuEq* over 12.2 meters (0.11 g/t Au and 0.37% Sb)
  • *Gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.

• The Firm has accomplished 8 drillholes within the present 2025 drill marketing campaign with assays pending ; based mostly on drilling accomplished by the Firm on the Undertaking since 2021, and historic drilling accomplished by earlier operators, there may be sturdy potential to advance to an preliminary gold-antimony Mineral Useful resource Estimate in 2025 (“MRE”) (see Determine 1, Determine 2)

• Part II metallurgical testwork on gold and antimony continues to advance with outcomes anticipated over the approaching weeks

Limo Butte Deliberate 2025 Actions / Standing Replace
NevGold will proceed its lively exploration program at Limo Butte together with:

• Consider the historic geological database with concentrate on gold and antimony (accomplished) ;

• Analyze historic drilling with concentrate on gold and antimony (steady exercise) ;

• Advance metallurgical testwork (in progress, Part II ends in coming weeks) ;

• Proceed to drill take a look at gold-antimony targets (ongoing, 8 drillholes accomplished up to now) ;

• Advance preliminary gold-antimony Mineral Useful resource Estimate (MRE) (in progress) .

NevGold CEO, Brandon Bonifacio, feedback: “We proceed to add to the big oxide gold-antimony mineralization footprint at Limo Butte in Nevada with the goal of quickly advancing the Undertaking to an preliminary gold-antimony Mineral Useful resource Estimate (MRE) . There’s a clear dedication from america to advance high-quality, home, mineral initiatives and Limo Butte is optimally positioned with its important near-surface, oxide gold-antimony mineralization and huge geological database. The present 2025 drill program is positively advancing with 8 holes accomplished and assays pending . One other key milestone that we’re driving ahead is the Part II metallurgical testwork constructing on our optimistic outcomes from Part I . All of those numerous work packages will assist us quickly and systematically advance the gold-antimony potential at Limo Butte as we de-risk and progress the asset to the subsequent phases of undertaking improvement.”

Determine 1 – Limousine Butte Gold-Antimony Undertaking with chosen gold-antimony drillhole outcomes.
To view picture please click on right here

Determine 2 – Limousine Butte Gold-Antimony Undertaking cross-section with chosen gold-antimony drillhole outcomes. Skinny coloured discs present Antimony (Sb ppm) in drilling, and extensive coloured discs present Gold (Au ppm) in drilling.
To view picture please click on right here

Determine 3 – Limousine Butte Gold-Antimony Undertaking with chosen gold-antimony drillhole outcomes at Resurrection Ridge and Cadillac Valley. The entire strike size between Resurrection Ridge and Cadillac Valley is +5km.
To view picture please click on right here

Historic and Re-Assayed Drill Outcomes

*Downhole thickness reported; true width varies relying on drill gap dip and is roughly 70% to 90% of downhole thickness.
**The gold equivalents (“AuEq”) are based mostly on assumed metals costs of US$2,000/oz of gold and US$35,000 per tonne of antimony (~30% low cost to present spot costs), and assumed metals recoveries of 85% for gold and 70% for antimony.

Drillhole Orientation Particulars

Limo Butte Geology & Antimony Abstract
A evaluation of historic geochemical and drilling knowledge on the Limousine Butte Undertaking has recognized a number of areas with sturdy gold-antimony potential. These zones correlate carefully with outcrops of the Devonian Pilot Shale, the first host rock for Carlin-type gold mineralization within the space. Optimistic gold grade at Limousine Butte is usually related to silicification and the formation of jasperoid breccias inside the Pilot Shale, an alteration function additionally noticed within the optimistic antimony outcomes.

By way of the Undertaking knowledge evaluation, the Firm uncovered stories detailing two small-scale historic mining operations on the Nevada Antimony Mine and Lage Antimony Prospect inside the Limo Butte Undertaking boundary. (Determine 1) The Nevada Antimony Mine featured two prospect pits that extracted stibnite (system: Sb ₂ S ₃ ) from a hydrothermal breccia. The Lage Antimony Prospect reported historic further prospect pits extracting antimony.

Historic geochemical rock chip sampling inside the past-producing Golden Butte pit from a Brigham Younger College (“BYU”) Thesis examine produced quite a few outcomes that exceeded 1% antimony in jasperoid breccias (see Determine 1). A number of outcomes had been higher than 5% antimony, together with a pattern of 9.6% antimony with seen stibnite and stibiconite . BYU Thesis Report

Determine 4 – Limousine Butte Undertaking with historic antimony in rock chips and soils. The entire strike size between Resurrection Ridge and Cadillac Valley is +5km. To view picture please click on right here

US Government Order – Introduced March 20, 2025
The Firm is happy to report the sweeping Government Order to strengthen American mineral manufacturing and scale back U.S. reliance on overseas nations for its mineral provide . Antimony (Sb) has been recognized as an vital “Essential Mineral” in america important for nationwide safety, clear power, and know-how functions, but no domestically mined provide at the moment exists.

The Government Order invokes the usage of the Protection Manufacturing Act as a part of a broad United States (“US”) Authorities effort to increase home minerals manufacturing on nationwide safety grounds. Because it pertains to undertaking allowing, the Order states that it’ll “establish precedence initiatives that may be instantly permitted or for which allows will be instantly issued, and take all obligatory or applicable actions…to expedite and difficulty the related permits or approvals.” Moreover, the Order consists of provisions to speed up entry to personal and public capital for home initiatives, together with the creation of a “devoted mineral and mineral manufacturing fund for home investments” below the Growth Finance Company (“DFC”).

This decisive motion by the US Authorities highlights the pressing must increase home minerals output to help provide chain safety in america. This vital Order will assist revitalize home mineral manufacturing by bettering the allowing course of and offering monetary help to qualifying home initiatives.

Significance of Antimony
Antimony is taken into account a “Essential Mineral” by america based mostly on the U.S. Geological Survey’s 2022 listing (U.S.G.S. (2022)). “Essential Minerals” are metals and non-metals important to the financial system and nationwide safety. Antimony is utilized in all manners of navy functions, together with the manufacturing of armor piercing bullets, evening imaginative and prescient goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and manufacturing, tritium manufacturing, flares, navy clothes, and communication gear. Different makes use of embrace know-how (semi-conductors, circuit boards, electrical switches, fluorescent lighting, prime quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, roughly 90% of the world’s present antimony provide is produced by China, Russia, and Tajikistan. Starting on September 15, 2024, China, which is chargeable for almost half of all world mined antimony output and dominates world refinement and processing, introduced that it’ll limit antimony exports. In December-2024, China explicitly restricted antimony exports to america citing its twin navy and civilian makes use of, which additional exacerbated world provide chain considerations. (Lv, A. and Munroe, T. (2024)) The U.S. Division of Protection (“DOD”) has designated antimony as a “Essential Mineral” as a consequence of its significance in nationwide safety, and governments at the moment are prioritizing home manufacturing to mitigate provide chain disruptions. Initiatives exploring antimony sources in North America play a key position in addressing these challenges.

Perpetua Sources Corp. (“Perpetua”) has probably the most superior home gold-antimony undertaking in america. Perpetua’s undertaking, often called Stibnite, is situated in Idaho roughly 130 km northeast of NevGold’s Nutmeg Mountain and Zeus initiatives. Optimistic developments at Stibnite together with the technical improvement and allowing has led to US$75 million in Division of Protection (“DOD”) awards, and over $1.8 billion in indicative financing from the Export Import Financial institution of america (“US EXIM”) ( see Perpetua Sources Information Launch from April 8, 2024 ) (Perpetua Sources. (2025))

Determine 5 – Limousine Butte Land Holdings and District Exploration Exercise To view picture please click on right here

ON BEHALF OF THE BOARD

“Signed”

Brandon Bonifacio, President & CEO

For additional data, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, name 604-337-4997, or go to our web site at www.nev-gold.com .

Historic Information Validation
NevGold QA/QC protocols are adopted on the Undertaking and embrace insertion of duplicate, clean and commonplace samples in all drill holes. A 30g gold hearth assay and multi-elemental evaluation ICP-OES technique was accomplished by ISO 17025 licensed American Assay Labs, Reno.

The Firm’s Certified Individual (“QP”), Greg French, Vice President, Exploration has accomplished a evaluation of the historic knowledge on this press launch. The historic knowledge assortment chain of custody procedures and analytical outcomes by earlier operators seem satisfactory and had been accomplished to trade commonplace practices. For the Newmont and US Gold knowledge a 30g gold hearth assay and multi-elemental evaluation ICP-OES technique MS-41 was accomplished by ISO 17025 licensed ALS Chemex, Reno or Elko Nevada.

Geochemical ICP (5g) evaluation for the Wilson, Christianson and Tingey report was accomplished by Geochemical Providers Inc. and the XRF analyses (glass disk or pellets) by Brigham Younger College.

Technical data contained on this information launch has been reviewed and permitted by Greg French, CPG, the Firm’s Vice President, Exploration, who’s NevGold’s Certified Individual below Nationwide Instrument 43-101 and chargeable for technical issues of this launch.

In regards to the Firm
NevGold is an exploration and improvement firm focusing on large-scale mineral programs within the confirmed districts of Nevada and Idaho. NevGold owns a 100% curiosity within the Limousine Butte and Cedar Wash gold initiatives in Nevada, and the Nutmeg Mountain gold undertaking and Zeus copper undertaking in Idaho.

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Observe Relating to Ahead Trying Statements

This information launch accommodates forward-looking statements which might be based mostly on the Firm’s present expectations and estimates. Ahead-looking statements are steadily characterised by phrases resembling “plan”, “count on”, “undertaking”, “intend”, “imagine”, “anticipate”, “estimate”, “counsel”, “point out” and different related phrases or statements that sure occasions or circumstances “might” or “will” happen. Ahead-looking statements embrace, however aren’t restricted to, the proposed work packages at Limousine Butte, and the exploration potential at Limousine Butte. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements that might trigger precise occasions or outcomes to vary materially from estimated or anticipated occasions or outcomes implied or expressed in such forward-looking statements. Such dangers embrace, however aren’t restricted to, common financial, market and enterprise circumstances, and the flexibility to acquire all obligatory regulatory approvals. There’s some danger that the forward-looking statements is not going to show to be correct, that the administration’s assumptions is probably not appropriate or that precise outcomes might differ materially from such forward-looking statements. Accordingly, readers shouldn’t place undue reliance on the forward-looking statements. Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not on account of new data, future occasions or outcomes or in any other case. Ahead-looking statements aren’t ensures of future efficiency and accordingly undue reliance shouldn’t be placed on such statements because of the inherent uncertainty therein.

References

Blackmon, D. (2021) Antimony: The Most Vital Mineral You By no means Heard Of. Article Ready by Forbes.

Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Ready by AP Information.

Lv, A. and Munroe, T. (2024) China Bans Export of Essential Minerals to US as Commerce Tensions Escalate . Article Ready by Reuters.

Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Ready by Reuters.

Perpetua Sources. (2025) Antimony Abstract . Articles and Movies Ready by Perpetua Sources.

Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Abstract Report ready by U.S.G.S

U.S.G.S. (2022) U.S. Geological Survey Releases 2022 Record of Essential Minerals . Reported Ready by U.S.G.S

Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Sort Gold Deposit in Japanese Nevada: Brigham Younger College Geology Research, v.40, P.185-211. BYU V.40 P.185-211.