Mr. Peter Berdusco reports

NEXUS GOLD REPORTS SUCCESSFUL ASSAY RESULTS FROM SUMMER DRILL PROGRAMS IN BURKINA FASO, WEST AFRICA

Nexus Gold Corp. has released initial assay results from its recent diamond drill programs conducted on both the Niangouela and Bouboulou gold concessions, in addition to sampling conducted at the newly acquired Rakounga gold concession, all located in Burkina Faso, West Africa.

Highlights:

• Nine of 10 holes from maiden drill program at Bouboulou intersected gold;
• 4.41 grams per tonne gold over 8.15 metres, including 23 grams per tonne gold over one metre at Bouboulou;
• 5.21 grams per tonne gold over 3.05 metres, including 15.5 grams per tonne gold over one metre at Bouboulou;
• 1.04 grams per tonne gold over 23 metres, including 4.1 grams per tonne over one metre at Bouboulou;
• 1.23 grams per tonne gold over nine metres, 1.1 grams per tonne gold over four metres at Niangouela;
• Sampling as high as 17.3 grams per tonne gold at newly acquired Rakounga concession.

"We are very pleased with our assay results from both Bouboulou and Niangouela as they have significantly furthered our exploration efforts," said Pete Berdusco, president and chief executive officer. "Specifically, with Bouboulou, we have confirmed historical data and the zones carrying high-grade gold. We extended intercept lengths with good mineralized continuity, and we've extended the depth of the mineralization. The next phases of drilling will continue to define the zones which are open in all directions with the goal of eventually defining a resource," continued Mr. Berdusco.

Bouboulou gold concession -- phase 1

The company has received results from all 10 holes from its maiden diamond drill program at the Bouboulou concession which concluded in mid-July. Nine of the 10 drill holes successfully intersected significant gold mineralization. The highlights are as follows: BBL-17-DD-001 returned 6.19 grams per tonne gold over 1.0 metre; BBL-17-DD-002 returned 2.22 grams per tonne gold over 1.0 metre; BBL-17-DD-003 returned 3.48 grams per tonne gold over 1.52 metres; BBL-17-DD-004 returned 5.06 grams per tonne gold over 1.52 metres; BBL-17-DD-006 returned 1.04 grams per tonne gold over 23 metres, including 4.10 grams per tonne gold over 1.0 metre; BBL-17-DD-007 returned 5.21 grams per tonne gold over 3.05 metres, including 15.5 grams per tonne gold over 1.0 metre; and BBL-17-DD-008 returned 4.41 grams per tonne gold over 8.15 metres, including 23 grams per tonne gold over 1.50 metres. These and other intercepts are shown in the attached table.

Hole                         From           To    Intersection         Gold  
                               (m)          (m)             (m)        (g/t)

BBL-17-DD-001                32.3        35.35            3.05         0.52
And                          64.3         79.5            15.2          0.5
And                        136.36       138.41            2.05         3.07
Includes                   137.41       138.41               1         6.19
BBL-17-DD-002               62.78        71.93            9.15         0.45
And                        150.13       155.21            5.08          0.6
Includes                   154.21       155.21               1         2.22
And                        189.75       199.94           10.23         0.54
Includes                    198.9       199.94            1.04         2.04
BBL-17-DD-003               47.55        53.64            6.09         0.46
And                         70.41        71.93            1.52         3.48
BBL-17-DD-004               35.07        36.59            1.52         5.06
And                        166.16       168.16               2         0.56
And                         178.3        179.3               1          1.5
BBL-17-DD-005              182.44       195.68           13.24         0.78
Includes                   187.54       188.54               1          4.1
                           192.63       193.63               1         1.12
                           194.63       195.68            1.05         1.95
BBL-17-DD-006              182.44       195.68           23.38         1.04
Includes                      203          204               1         3.17
                              204          205               1          4.1
                           207.04       208.04               1         2.03
                           209.09       210.09               1         2.12
                           213.14       214.14               1         1.09
                           215.19       216.19               1         1.26
                           221.28       222.28               1         2.78
BBL-17-DD-007               178.3       181.35            3.05         5.21
Includes                    178.3        179.3               1         15.5
BBL-17-DD-008               97.01       105.16            8.15         4.41
Includes                   104.16       105.16               1           23
                           236.22       237.22               1         3.88
BBL-17-DD-009                                                           NSR
BBL-17-DD-010              237.22       241.27            4.05         0.47
Includes                   239.27       240.27               1         1.67

Note that all assay results represent intercept lengths
and are not true widths.

The drill program instituted at Bouboulou was designed to test and extend either along strike or at depth the zones previously identified on the property. Drilling consisted of 10 holes totalling 2,596 metres with two holes testing each of four identified zones (Rawema, Pelatanga, Bouboulou 2 and Koala) and one additional zone, Bouboulou 1, located at the southern boundary hosted on the recently acquired Rakounga property.

"The gold mineralization remains wide open to depth and along strike at all of our Bouboulou targets and a little surprise at Koala with two greater-than-10-gram assays," said Warren Robb, PGeo, senior geologist. "I am really pleased with our results and look forward to expanding these zones at Bouboulou," continued Mr. Robb.

Niangouela gold concession -- phase 2

The company is also reporting results from its phase 2 diamond drill program on the Niangouela concession, which concluded in mid-May. The phase 2 program consisted of 2,549.5 metres of diamond drilling and 387 metres of trenching. The program was designed to test strike and depth extensions on the mineralized gold-bearing shear zone, which the company identified in the first phase of drilling reported in March, 2017, and to test new targets identified by prospecting. Highlights of these holes are shown in the attached table.

                             DRILL INTERCEPTS

Drill hole              From          To     Intersection          Au 
                          (m)         (m)              (m)       (g/t)

NGL-17-DD-015          130.5       134.1              3.6        0.91
Includes               132.2       133.1              0.9        2.59
NGL-17-DD-016          129.8       137.8                5        0.52
NGL-17-DD-017            121         123                2        0.52
NGL-17-DD-018            185         186                1        1.34
NGL-17-DD-025             79          87                9        1.23
Includes                  80          85                5         1.8
NGL-17-DD-027             21          25                4         1.1
Includes                  24          25                1        3.59
And                      124         129                5        0.52

Note that all assay results represent intercept lengths and 
are not true widths.

The phase 2 drill program tested the strike extension of the mineralized quartz vein and shear discovered in the first round of drilling and to test new areas of potential gold mineralization. Drill holes 15 to 25 were drilled to test the downdip and westerly extensions of the shear zone identified in the company's first phase of drilling. Holes 15, 16, 17, 18 and 25 successfully intersected the zone. The data indicate the high-grade portion (or shoot) of the shear zone is contained within approximately 225 metres of strike bounded by holes 18 and 24 on the west and holes 13 and trench 1 on the east. The gold mineralization has been verified to depths of 145 metres below surface. The structure remains open at depth. Holes 19 to 24 were drilled in a systematic fashion testing the westerly strike of the shear zone. Although all the holes did intersect the shear zone, no economic gold intercepts were recovered.

The 387 metres of trenching was completed in six trenches designed to test strike extension of the main mineralized zone and to test other quartz veins identified by prospecting. Trench 3 returned 0.34 gram per tonne gold over five metres, including 1.56 grams per tonne gold over one metre. The remaining trenches did not return significant results.

All rock and drill core samples were analyzed at either Actlabs Burkina SARL or ALS Global Burkina SARL's laboratory utilizing either fire assay or aqua regia digestion and atomic absorption finish. The company maintains a quality control and quality assurance program of inserting at regular intervals standards and blanks as well as requiring duplication of samples and comparisons of duplicates between commercial labs.

"It's looking like the high-grade zones at Niangouela could be vertical flexes within the shear," said Mr. Robb. "This latest round of drilling really helped us get a better understanding of the project dynamics, and I look forward to chasing and hopefully extending those 100-plus-gram assays from earlier this year to depth," continued Mr. Robb.

The company is planning follow-up work to include drill testing the main shear to depth. The main shear has displayed high-grade gold mineralization and as of the completion of the phase 2 drilling the zone remains open to depth.

Rakounga gold concession -- sampling results

The company is also pleased to report results from prospecting from artisanal workings on the newly acquired Rakounga property. In mid-July, as part of the company's due diligence program, Nexus geologists prospected a single large orpaillage on the Rakounga property, which is contiguous with the Bouboulou permit. Initial rock samples from dumps of the workings returned values up to 17.3 grams per tonne gold. Additional samples returned values of 2.33 grams per tonne gold and 1.45 grams per tonne gold, respectively. The orpaillage investigated measured over 800 metres along strike and workings extended up to 20 metres wide along the strike length. Nexus Gold field crews are currently prospecting two newly found orpaillages roughly parallel to the one mentioned above.

About Nexus Gold Corp.

Nexus Gold is a Vancouver-based gold exploration and development company operating in some of the world's premier mining districts. The company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold project consists of the 38-square-kilometre Bouboulou claims and the adjacent 250-square-kilometre Rakounga gold concession. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre in length and associated shear zone.

Mr. Robb is the designated qualified person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

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