Significant Leadership Changes Announced by Nevada King Gold Corp Following Shareholder Meeting

Nevada King Gold Corp Announces New Board and Management Restructuring

On August 14, 2025, Nevada King Gold Corp. (TSXV: NKG) (OTCQB: NKGFF) convened its annual shareholder meeting and made pivotal announcements concerning its leadership structure. The shareholders voted overwhelmingly in favor of re-electing Collin Kettell and William Hayden to the company's Board of Directors, while also welcoming John Sclodnick and Michael Doolin as new members.

This reorganization comes in the wake of former directors Paul Matysek and Craig Roberts opting not to seek re-election, prompting a fresh approach to the board's composition. Collin Kettell transitioned into a dual role as Chairman while stepping down from his CEO position, which has now been assumed by John Sclodnick. Kettell expressed gratitude towards the outgoing directors for their substantial contributions since the company’s inception and acknowledged their pivotal roles in guiding Nevada King through various phases of development.

With a wealth of experience in the mining industry, John Sclodnick takes the reins as CEO at a time of burgeoning exploration potential in Nevada King’s Atlanta gold project. In his remarks, Sclodnick highlighted an optimistic outlook characterized by exploration momentum at several prospective targets, aimed at advancing the high-grade mineral resources the company has discovered. He emphasized the excitement surrounding this phase of the company, which holds a compliant oxide resource of more than 1 million ounces of gold, underlining the company's potential for significant discoveries and enhanced shareholder value.

To facilitate this growth strategy, the company also announced Jeff Stieber’s appointment as Chief Financial Officer, a position left vacant by Bassam Moubarak's resignation. Already bringing over 19 years of financial and strategic experience within the mining sector, Stieber’s expertise will play a crucial role in optimizing the financial strategies behind project developments.

Nevada King’s Atlanta project, which spans an area of 130 square kilometers in southeast Nevada, continues to be its primary focus. The project, which previously produced gold, boasts a substantial mineral resource estimate compliant with NI 43-101 guidelines, positioning the company for future advancements in mining operations.

In a broader context, the shareholder meeting also authorized the renewal of the company's stock option plan and confirmed Davidson Company LLP as the Company's auditors for the fiscal year, with remuneration to be determined by the board. This reflects the company’s commitment to maintaining rigorous oversight and corporate governance as it transitions into this new chapter.

Michael Doolin, the newly elected board member, carries with him a robust track record in operational efficiency from various mining roles, further signaling the company’s serious approach to leadership and expertise consolidation. His significant contributions at previous companies, including substantial increases in throughput and gold production, showcase his ability to influence operational strategies positively.

The recent changes at Nevada King Gold Corp mark a strategic realignment aimed at driving growth and enhancing shareholder value through effective leadership and operational excellence. With a strong board and experienced management team at the helm, the company is poised to navigate the challenges and opportunities that lie ahead in the dynamic gold mining sector.

As the market looks ahead, stakeholders are optimistic about Nevada King's renewed vigor and strategic direction, especially under John Sclodnick’s leadership. This could very well be a transformative period for the company as it aims to capitalize on its extensive resource potential, making significant strides in the mining industry.