NEVADA KING ANNOUNCES CLOSING OF BROKERED PORTION OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $6.1 MILLION

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Nov. 13, 2024 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ("Nevada King" or the "Company") is pleased to announce the closing of the brokered portion of its previously announced private placement financing, pursuant to which it issued 17,989,000 common shares of the Company (the "Common Shares") at a price of $0.34 per Common Share for gross proceeds of $6,116,260 (the "BrokeredOffering"). The Brokered Offering was completed on a brokered private placement basis through a syndicate of agents led by Desjardins Capital Markets, as lead agent and sole bookrunner, and including Red Cloud Securities Inc., Canaccord Genuity Corp., and Roth Canada, Inc. (collectively, the "Agents").