Nevada Canyon Gold Responds to OTC Markets' Request on Recent Promotional Activity

Nevada Canyon Gold Corp. (OTCQX: NGLD), a natural resource company specializing in gold exploration and development, has recently been in the spotlight due to promotional activities surrounding its common shares. In response to a request from OTC Markets Group Inc., the Company has issued a statement addressing the promotional activity and its impact on trading volume and price.

The promotional activity in question involved the distribution of two promotional newsletter e-mails published by Sideways Frequency LLC (SFL) and its subsidiaries, Trading Wire and Huge Alerts. These newsletters discussed the Company, its business, Nevada's mining industry, and the world's gold market in general. The Company provided SFL with publicly available sources of information for the newsletters and reviewed the materials for accuracy prior to their dissemination.



The promotional activity coincided with increased trading activity in NGLD:QXR shares, beginning on January 10, 2025. On January 21, 2025, the price of NGLD:QXR moved over +15.08% to $1.45, and the trading volume exceeded the daily average by +31.98%. While the Company acknowledges the promotional activity, it has no opinion on the extent to which it affected trading activity, as there are many factors that can influence trading volume and price, such as the recent increase in the world gold price, the volatile nature of the industry, and the Company's recent news releases.



The Company has engaged third-party service providers, including i2i Marketing Group, Sideways Frequency LLC, and Gold Standard Media, LLC, to provide corporate marketing and investor awareness services within the last twelve months. However, other than SFL and these third-party service providers, no directors, officers, or control persons have been involved with the creation, distribution, or payment of promotional materials related to the Company and its securities.

In terms of corporate governance and disclosure practices, the Company has complied with applicable securities laws by disclosing any transactions in its Common Shares by its officers and directors on the EDGAR website and its profile on OTC Markets. The Company has also disclosed any issuances of common shares or convertible instruments at prices constituting a discount to the current market rate at the time of the issuance, as required by securities laws.

In conclusion, Nevada Canyon Gold Corp. has addressed the recent promotional activity surrounding its common shares and its impact on trading volume and price. The Company has maintained transparency in its disclosures and complied with applicable securities laws, ensuring that investors have access to accurate and timely information. As the Company continues to focus on its core business of gold exploration and development, investors should monitor its progress and evaluate the risks and uncertainties associated with investing in its securities.