NevGold Promotes Derick Unger to VP of Exploration

Vancouver, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) — NevGold Corp. (“

NevGold

” or the “

Company

”) (

TSXV:NAU


) (


OTC


Q


X


:NAUFF


) (


Frankfurt:


5E50

) is pleased to announce that the Company has promoted Mr. Derick Unger, CPG, from Chief Geologist to the position of Vice President of Exploration. Derick has been with the Company since July-2021 and has been instrumental in the geology, exploration, and resource development areas. Derick has a strong track record of success and has implemented key leadership principles and strategy to the operations of the Company.


NevGold


CEO,


Brandon Bonifacio


, comments


:





Derick has been a key figure


within


our


core


leadership group


and has been instrumental in the success


of the


company to date.


He


has been a large contributor to building


a strong operational


platform


in Nevada


and British Columbia


, which has


provided the right ingredients for successful resource development and exploration


efforts


.


It has been an extremely fast paced start to our field programs


,


specifically the


10,000 meter


drill program at Limousine Butte,


and we have operated safely, efficiently,


and cost effectively


which is a testament to Derick and our


entire


team. We look forward to further building on our


positive progress


to


date


as we advance


our efforts


over the coming months


.”


NevGold


VP Exploration, Derick Unger


, comments:





Thank you to the


entire


NevGold


leadership


group


for the


ir


support this past year.


O


ur early success is a testament to the hard work and dedication the entire group displays


on a daily basis


. I am confident through a combination of hard work and good science we will continue to unlock the full value of our projects


to benefit our s


takeholders


.


The


data


generated in the


10,000 meter


drill program


at Limousine Butte


has been critical to our understanding of the


67 square kilometer


district


scale project


,


and we


are excited about the numerous drill targets that have been identified


from our robust geological model


.




ON BEHALF OF THE BOARD








Signed







Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at [email protected], call 604-337-4997, or visit our website at

www.nev-gold.com

.



About the Company



NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Ptarmigan silver-polymetallic project in Southeast BC.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Cautionary Note Regarding Forward Looking Statements


This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement


speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether


as a result of


new information, future


events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


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