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File: Nexus Gold - News Release - Private Placement Closing (July2018).DOCX

NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920

NEWS RELEASE
NEXUS GOLD CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Vancouver, Canada - July 12, 2018 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is 
--->pleased to announce that it has closed the final tranche of its non-brokered private placement (the "Private Placement
--->") of units (each, a "Unit") at a price of $0.25 per Unit.  Each Unit consists of one common share of the Company, and
---> one common share purchase warrant (each, a "Warrant").  Each Warrant is exercisable to acquire one additional common 
--->share of the Company at a price of $0.35 per share for a period of twelve months.

In connection with completion of this final tranche, the Company issued 432,768 Units.  When combined with the earlier
---> tranche of the Private Placement, the Company has raised gross proceeds of $825,232.50.  This Private Placement follo
--->ws the successful completion of the Company's earlier financing round for gross proceeds of $3,004,068.

In connection with completion of this final tranche of the Private Placement, the Company has paid cash commissions of
---> $2,400, and issued 9,600 share purchase warrants (each, a "Finders' Warrant") to certain persons who have introduced 
--->subscribers to the Company.  Each Finders' Warrant is exercisable to acquire an additional common share of the Company
---> on the same terms as the Warrants comprising the Units.  All securities issued in connection with the Private Placeme
--->nt are subject to a four-month-and-one-day statutory hold period.

About the Company
Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Afr
--->ica.  The Company is currently concentrating its efforts on establishing a compliant resource on one or more of its th
--->ree current projects. The 38-square km Bouboulou project comprises no less than five established gold zones contained 
--->within three separate 5km gold trends. The adjacent 250-square km Rakounga gold concession extends the Bouboulou gold 
--->trends and currently contains three drill tested zones of mineralization. The Niangouela gold concession is a 178-squa
--->re km project featuring high-grade gold occurring in and around a primary quartz vein and associated shear zone approx
--->imately one km in length.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
Chief Executive Officer
604-558-1920
info@nexusgoldcorp.com www.nexusgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.