Mr. Kevin Bullock reports

NEXGOLD INITIATES 30,000-METRE INFILL DRILL PROGRAM AT THE GOLDBORO GOLD PROJECT IN NOVA SCOTIA

Nexgold Mining Corp. has commenced a detailed reverse circulation infill drill program at the company's Goldboro project in Nova Scotia. The RC infill drill program, which comprises up to 30,000 metres, is focused on the Goldboro deposit and is designed to infill specific areas of the Goldboro mineral resource at a nominal drill spacing of 12.5 metres and down to depths of 50 metres.

This high-density drill program targets the first few years of planned production at the Goldboro project where it is currently accessible by the drill rig. The goal of the drill program, and the rationale for using reverse circulation drilling, is to obtain a high-density data set that may be used to upgrade mineral resources from the indicated to measured category, using a drilling technique that more closely approximates production drilling and associated dilution. This information will be used in concert with more than 180,000 metres of diamond drill data currently available on the deposit, including the data which informs the 2021 Goldboro mineral resource and mineral reserves as outlined in the company's technical report, prepared by Nordmin Engineering Ltd., entitled "NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia," with an effective date of Dec. 16, 2021, and a report date of Jan. 11, 2022. The technical report is available on SEDAR+ and on the company's website.

Kevin Bullock, president and chief executive officer, commented: "The company continues to advance and derisk the Goldboro project as we move toward an investment decision later this year. The recently launched 30,000-metre infill drill program focuses primarily on areas of the mineral resource that are expected to be mined in the early years of production and is intended to support the refinement of the mineral resource model following the update to the feasibility study, adding greater certainty and confidence in the mineral resource.

"This drill program is one of several value-adding activities in progress at the Goldboro project in 2026, which include an update to the feasibility study that will incorporate additional drill data collected in 2025 (328 holes and 58,008 metres gathered since September, 2021), updated operating and capital cost assumptions, and changes in the gold price since completion of the feasibility study in 2021. We are also continuing with technical, environmental, engineering and permitting activities, as well as ongoing engagement with local communities and the Mi'kmaw of Nova Scotia, with the objective of setting the Goldboro project up for long-term success."

The RC infill drill program is expected to continue into Q3 of 2026, with assay results received and disclosed as they become available, subject to continuing drilling progress, laboratory turnaround times and other factors.

Investor relations agreement

Nexgold has renewed its engagement with Triomphe Holdings Ltd. (doing business as Capital Analytica) for investor relations and communication services. Under a consulting services agreement dated March 24, 2026, Capital Analytica will provide services for a six-month term for a fee of $60,000, with an option to further renew for an additional six months. The services will include continuing social media services, capital markets consultation, social engagement and other related investor relations services. The engagement is subject to the approval of the TSX Venture Exchange.

Capital Analytica, a British Columbia-based company owned and operated by Jeff French, is arm's length to the company and has no direct or indirect interest in the company or its securities.

Technical disclosure and qualified persons

Paul McNeill, PGeo, vice-president of exploration of Nexgold, is considered a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of Nexgold.

About Nexgold Mining Corp.

Nexgold is a gold-focused company with assets in Canada and Alaska, including the Goldboro gold project in Nova Scotia, the Goliath gold complex (which includes the Goliath, Goldlund and Miller deposits) in Northwestern Ontario, and additional exploration projects across Canada. Nexgold also holds a 100-per-cent interest in the high-grade Niblack copper-gold-zinc-silver VMS (volcanogenic massive sulphide) project in southeast Alaska. Nexgold is committed to continuing, meaningful engagement with regional communities and indigenous nations to support sustainable development, safe operations, and shared economic and social benefits.

We seek Safe Harbor.