Mr. Alex Klenman reports

NEXUS GOLD PROVIDES SAMPLING DETAILS FROM THREE NEWLY DISCOVERED ARTISINAL ZONES AT ITS BOUBOULOU AND NIANGOUELA CONCESSIONS, BURKINA FASO, WEST AFRICA

Nexus Gold Corp. has provided select sampling results from its continuing field exploration programs currently being conducted on its Niangouela and Bouboulou exploration permits in Burkina Faso, West Africa.

On the Bouboulou permit, rock samples were collected from a new orpillage (area worked by artisanal miners) located 600 metres southwest of the Rawema showing, which has returned drill intersections of 2.21 grams per tonne gold over 35 metres, including 5.46 g/t Au over 12 metres, and 4.62 g/t Au over six metres, including 81.32 g/t Au over 0.3 m. This new orpillage occurs along strike of the Pelatanga-Rawema trend outlined by the company.

Company geologists have sampled material recovered from new workings at a depth of 10 metres from the surface, which has returned results averaging 1.73 g/t Au, with the highest sample returning assay values of 5.56 g/t Au. The samples from the new orpillage are presented in the associated table.

                  SELECT BOUBOULOU SAMPLES 

Sample No.                               Description      Au
                                     (10-metre depth)   (g/t)

BBL-021       Quartz-bearing rock from orpillage pit    2.40  
BBL-022       Quartz-bearing rock from orpillage pit    1.75  
BBL-023       Quartz-bearing rock from orpillage pit   0.873 
BBL-024       Quartz-bearing rock from orpillage pit    2.06  
BBL-025       Quartz-bearing rock from orpillage pit    1.07  
BBL-026       Quartz-bearing rock from orpillage pit   0.668 
BBL-027       Quartz-bearing rock from orpillage pit    5.56  
BBL-028       Quartz-bearing rock from orpillage pit    1.68  
BBL-029       Quartz-bearing rock from orpillage pit   0.368 
BBL-030       Quartz-bearing rock from orpillage pit   0.965 

Images associated with this news release are available on-line.

The company is also pleased to include assay results from two new orpillages located on the Niangouela permit. One orpillage is located southeast of the company's main-shear discovery while the second showing is located 1,900 metres west of the company's main-shear showing. Results from a sampling of the two areas have returned results ranging from 0.368 g/t Au to 6.27 g/t Au. Results from the Niangouela sampling program are presented in the associated table.

                    SELECT NIANGOUELA SAMPLES
 
Sample No.                                   Description       Au
                                                             (g/t)

NGL-50                         Quartz from orpillage pit    0.266  
NGL-51                         Quartz from orpillage pit    0.038  
NGL-52                Select material from the orpillage     6.27   
NGL-53              Quartz and pyrite from orpillage pit    0.083  
NGL-54             Quartz from orpillage pit, 15 m depth    0.311  
NGL-55             Quartz from orpillage pit, 15 m depth     3.93   
NGL-56             Quartz from orpillage pit, 15 m depth   <0.005
NGL-57             Quartz from orpillage pit, 25 m depth    0.524  
NGL-58             Quartz from orpillage pit, 25 m depth    0.173  
NGL-59       Quartz subcrop, N50, milky white, hematized   <0.005
NGL-60        Quartz subcrop, N50, milky white, oxidized     4.90   

"The new zones we have uncovered and now sampled define greater areas of mineralization at both concessions," said chairman and chief operating officer, Alex Klenman. "The Bouboulou trends continue to return gold values along broad trends. Combined with the RC results we obtained from the adjacent Rakounga permit in November, 2017, it is suggestive of significant gold mineralization at a district scale. The Sabce shear, which bisects Bouboulou, is a well-known, yet underexplored belt that hosts some of the largest gold deposits in the country, both to the south and to the east of our location. Our 2017 work confirmed and delineated five distinct zones that combined produce a very compelling overall target worthy of much more exploration. The new zone at Niangouela also advances our understanding of that project and suggests that other zones of gold mineralization are present. We are looking forward to ramping up our 2018 programs and moving our projects forward," continued Mr. Klenman.

Exploration update

The company is currently compiling all historical data and integrating it with all new data generated over the past 14 months at its 288-square-kilometre Bouboulou-Rakounga concessions. The data are being used to generate a comprehensive 3-D animation model of the Bouboulou-Rakounga mineralized zones that will aid the company in targeting upcoming drill locations.

In addition, the company is pleased to report it has initiated a technical report on the Bouboulou-Rakounga concessions. This report will provide valuable guidance to the company's 2018 drill plans and beyond, with the goal of establishing a resource estimate. Completion of the report is anticipated shortly.

2017 exploration highlights

At the 38-square-kilometre Bouboulou permit, the first round of diamond drilling confirmed results identified in earlier exploration and successfully extended the gold mineralization at all four of the known gold target zones. At the Bouboulou 2 zone an intercept of 24.38 metres grading 1.04 g/t Au, extended the known gold mineralization to depth and along strike. At the Koala showing diamond drill intercepts of 23 g/t Au over 1.53 m and 15.5 g/t Au over 1.00 m.

At the 250-square-kilometre Rakounga permit, the most westerly permit which is contiguous to the Bouboulou permit, a reverse circulation drill program completed returned intercepts of 1.04 g/t Au over 20 m, 1.01 g/t Au over 32 m, and 1.00 g/t Au over 34 m (including 5.60 g/t Au over four metres) from three separate drill holes. These holes were spaced over 300 metres to depths of 80 metres below surface at the Koaltenga showing. The extent of the workings at Koaltenga extend for an additional 800 m, giving the overall orpillage a length of 1,200 m. Mineralization remains open to the east and west and to depth on the Koaltenga structure.

At the 178-square-kilometre Niangouela permit, where the company has identified a high-grade quartz-shear system containing coarse visible gold, diamond drilling returned values of 26.69 g/t gold over 4.85 m (includes 132 g/t Au over one metre and 11.7 g/t gold over 0.62 m) and select samples from workings on the shear that have returned assays of 2,950 g/t Au and 403 g/t Au. The gold mineralization has been traced by diamond drilling for about 200 m along strike and remains open at depth.

The three properties are all hosted in the Goren greenstone belt in central Burkina Faso and are either underlain or are proximal to the Sabce fault zone, a 140-kilometre structural feature which bisects the greenstone belt and hosts Norgold's Bissa and Bouly mining operations.

The company anticipates the resumption of exploration work at its Burkina Faso concessions in March.

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

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 km in length and an associated shear zone.

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