NevGold Announces Completion of Debt Settlement

Vancouver, British Columbia, June 11, 2026 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) announces that, further to its press release dated May 21, 2026, it has completed its debt settlement with Mercer Street Global Opportunity Fund II, LP, managed by C/M Global GP, LLC (“Mercer”). The Company issued 227,544 common shares of the Company (each, a “Common Share”) to Mercer, at an issue price of $2.44 per Common Share, in settlement of accrued original issue discount on the Company’s convertible security (the “Convertible Security”) in the aggregate amount of $555,208.33. Mercer had previously converted the full $3,500,000 principal amount of the Convertible Security into Common Shares of the Company. Following this settlement, the only outstanding amount on the Convertible Security is the remaining original issue discount that will accrue from May 15 to August 30, 2026. The Company received the approval of the TSX Venture Exchange for the debt settlement.