Mr. Alex Klenman reports

NEXUS GOLD TO CONDUCT GEOCHEMICAL SURVEY AT RAKOUNGA GOLD CONCESSION, BURKINA FASO

Nexus Gold Corp. is initiating a 105-line-kilometre geochemical survey on the Rakounga permit located in central Burkina Faso, West Africa.

The survey is designed to aid in identifying gold mineralization which may occur in the nine-kilometre gap between the Koala showing on the company's adjacent 38 square km Bouboulou gold concession and the Koaltenga showing, located on the western edge the 250 sq km Rakounga gold concession.

Prior drilling by the company at Koala returned several intercepts of note, including 5.21 grams per tonne gold over 3.05 metres, including 15.50 g/t Au over one metre (hole BBL-17-DD-07), and 4.41 g/t Au over 8.15 metres, including 23 g/t Au over one metre (hole BBL-17-DD-08) (see the company's news release dated Oct. 5, 2017).

Previous drilling conducted by the company at Koaltenga also returned significant results, including 1.01 g/t over 32 metres, including 5.65 g/t Au over two metres and 2.81 g/t Au over six metres (hole RKG-17-RC-002), and 1.00 g/t gold over 34 metres, including 5.57 g/t Au over four metres (hole RKG-17-RC-008) (see company news release dated Dec. 13, 2017).

The survey will cover the area underlain by the Sabce fault zone, a prominent structural feature which extends about 200 kilometres across the Goren greenstone belt.

"We're pleased to get the 2018 work program under way," said president and chief executive officer Alex Klenman. "This is an important step in the development of Bouboulou-Rakounga. The area we're covering has the potential to significantly expand the mineralized footprint. Ultimately, we are looking at this project to produce a resource estimate and the data generated by this survey will move us closer to that goal," continued Mr. Klenman.

"Given the gold mineralization we have already encountered on the Bouboulou and Rakounga permits, it makes this area highly prospective ground and it will be exciting to see what sort of numbers we get from this initial program," said senior vice-president of exploration Warren Robb.

The Rakounga permit has seen only minimal exploration since Boliden conducted rotary air blast drilling on the property in 1997. The company believes the area to be explored has the potential host gold mineralization similar to the Koala and Koaltenga showings mentioned above.

Company to grant options

The company also announces that it will grant one million incentive stock options to certain directors, officers and consultants of the company. These options will vest immediately and will be exercisable at a price of 33 cents for a period of 60 months.

The grant is subject to the terms of the company's incentive stock option plan and the approval of the TSX Venture Exchange.

About Nexus Gold Corp.

Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of its three current projects. The 38 square km Bouboulou project comprises no less than five established gold zones contained within three separate five km gold trends. The adjacent 250 square km Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of mineralization.

Warren Robb, PGeo, vice-president, exploration, 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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