#Canada #Vancouver #Share Consolidation #Nevada King #Gold Corp

Nevada King Announces Strategic Share Consolidation

Nevada King Gold Corp., trading under TSXV: NKG and OTCQB: NKGFF, has officially announced a significant strategic move aimed at enhancing its capital structure. On May 4, 2026, the Company revealed its intention to consolidate all issued common shares on a ratio of one new common share for every five current shares. This decision follows a news release dated April 10, 2026, and is being implemented in accordance with the Business Corporations Act in British Columbia.

According to John Sclodnick, CEO of Nevada King, this consolidation is a crucial step in refining the Company’s institutional capital structure. With this approach, Nevada King aims to optimize its share count and increase the market price per share, thereby overcoming barriers that have historically limited some institutional investors' interest in acquiring shares.

The background of this consolidation takes place in light of a recent financing effort that successfully raised C$16.3 million alongside the expansion of the Company's drilling program to 40,000 meters. This move is designed to ensure that the Company's capital structure robustly supports its exploration initiatives, thus creating greater long-term value for shareholders.

The effective date for trading on a post-Consolidation basis is set for May 7, 2026. Upon completion of the consolidation, the Company expects to have around 100,366,913 common shares outstanding, a considerable reduction from the current total of 501,834,569 shares. It is important to note that fractional shares resulting from the consolidation will not be issued; any fractional interests will be rounded up or down to the nearest whole share, as outlined by the terms of the consolidation.

Registered shareholders can expect to receive detailed instructions via a letter of transmittal from the Company’s transfer agent, Alliance Trust Company. For those who hold shares through a broker or intermediary, it is advised to reach out to their respective agents to facilitate the exchange for post-consolidation shares.

About Nevada King Gold Corp.

Nevada King is dedicated to advancing its 100% owned Atlanta Gold Mine project, which spans 130 km² within the Battle Mountain trend in southeastern Nevada. The project boasts a mineral resource that includes an NI 43-101 compliant pit-constrained oxide resource of 1,020,000 ounces of gold categorized as measured and indicated and an inferred resource of 99,000 ounces. The effectiveness of this resource is verified by a Technical Report filed under the Company’s profile.

In summary, the consolidation of shares represents a strategic pivot for Nevada King Gold Corp., enhancing accessibility for institutional investors and potentially bolstering shareholder value in the long run. Stakeholders eagerly anticipate the outcomes this restructuring may yield as the industry watches closely this pivotal step in Nevada King’s journey.