Nation Gold Corp. Completes Initial Public Offering and CSE Listing

Vancouver, Dec 30, 2021 - Nation Gold Corp. (CSE: NATN) (the "Company" or "Nation") is pleased to announce that further to its news release on December 22, 2021, it has completed its initial public offering (the "Offering") of 5,000,000 common shares of the Company (the "Shares") at a price of $0.25 per Share for aggregate gross proceeds to the Company of $1,250,000, pursuant to its amended and restated prospectus dated November 24, 2021.

Mr. Mark Bailey, CEO and Director of Nation, commented, "We are excited to have completed our public listing of Nation and I would like to welcome the new shareholders of Nation. I would like to thank the teams at Maxis Law Corporation, our legal counsel, and Canaccord Genuity, our exclusive agent on the Offering, for their support in completing the offering. We look forward to a busy year ahead in 2022."

Canaccord Genuity Corp. (the "Agent") acted as the Company's exclusive agent in respect of the Offering. As consideration for the services provided by the Agent to the Company, the Agent received a cash commission of $100,000, representing 8% of the gross proceeds of the Offering, in addition to a corporate finance fee of $30,000. The Company further issued to the Agent and its selling group 400,000 non-transferable common share purchase warrants (each, an "Agent's Warrant"). Each Agent's Warrant will entitle the holder thereof to purchase one Share at a price of $0.25 per Agent's Warrant Share until December 29, 2023.

The net proceeds of the Offering will primarily be used to fund the exploration on the Company's Cattle Creek Property and for general corporate purposes. The Company's Cattle Creek Property consists of four mining claims covering approximately 539.16 hectares of land located in the southern Monashee Pass area near Vernon, British Columbia, on which the Company has acquired a 100% right, title and interest.

Following completion of the Offering, the Company currently has 16,329,920 Shares outstanding, 1,750,000 of which are subject to standard National Policy 46-201 escrow provisions. The Company has received approval to list the Shares on the Canadian Securities Exchange (the "Exchange") and the Shares were listed for trading on the Exchange on December 29, 2021 and halted pending completion of the Offering. The Company expects the Shares to resume trading on the Exchange on or about January 4, 2022 under the stock symbol "NATN".

The directors and officers of Nation are the following:
- Mark Bailey, Director and Chief Executive Officer;
- Gregg Sedun, Director;
- Carson Sedun, Director; and
- Darren Tindale, Chief Financial Officer and Corporate Secretary.

In conjunction with the Offering, Nation is pleased to announce the official launch of its corporate website at www.nationgold.ca.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be illegal. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from such registration requirements.


About Nation Gold Corp.

Nation Gold Corp. is an exploration company based in Vancouver, BC with a 100% interest in the Cattle Creek Project located near Vernon, BC. The Company is led by a team of mining, exploration and capital markets professionals focused on acquiring multi-million ounce precious metals deposits in Tier 1 mining jurisdictions. Through the identification and acquisition of mineral properties with exploration potential, the Company's mission is to target unrecognized value opportunities in assets located in mining-friendly jurisdictions. For further information, please visit the Company's website at www.nationgold.ca.


On Behalf of the Board of Nation Gold,

Mark Bailey, P.Geo.
CEO, Director



Contact Information - For more information, please contact:

Nation Gold Corp.
Darren Tindale, Chief Financial Officer and Corporate Secretary
Tel: (604) 376-3567
Email: info@nationgold.ca
Website: www.nationgold.ca



Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding the trading of the Shares on the CSE; the Company's planned exploration program on the Cattle Creek Property, the Company's anticipated future performance, including planned exploration and acquisition programs and budgets and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in local governments, legislation, taxation, controls, regulations and political or economic developments in Canada; financial risks due to precious and base metals prices, operating or technical difficulties in mineral exploration, development and mining activities; the Company's technical report on the Cattle Creek Property recommends a two-stage exploration program on the property, and there can be no assurance that the results of the first stage of the exploration will warrant the commencement of the second stage of the work program; the Company will need to raise additional funding to fund the second stage of the exploration program, and there can be no assurance that such funding will be available to the Company in a form acceptable to the Company or at all; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company's title to the Cattle Creek Property.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.