Mr. Paul Martin reports

NEXMETALS ANNOUNCES BOARD RESIGNATION AND APPOINTMENT

Morgan Lekstrom has submitted his resignation from Nexmetals Mining Corp.'s board of directors effective immediately. Sean Whiteford, the company's chief executive officer, has been reappointed to the board filling the vacant board seat. Mr. Whiteford previously served as a director on the board from July, 2022, to March, 2023, before stepping off the board to become president.

Mr. Lekstrom joined the board in March, 2025, and served as the company's chief executive officer from that time until Jan. 15, 2026. During his tenure, Mr. Lekstrom led the restructuring of the company in 2025.

On behalf of the board, Paul Martin, chairman of the board, said, "The board thanks Mr. Lekstrom for the significant contributions he made during his time at NEXM and wishes him well in his future endeavours."

About Nexmetals Mining Corp.

Nexmetals Mining is a TSX Venture Exchange- and Nasdaq-listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. Nexmetals has confirmed the scale of mineralization is larger than historical estimates, supported by National Instrument 43-101-compliant resource estimates, with continuing down-hole geophysics, drilling and metallurgical programs aimed at expanding resources and supporting future economic studies. The company is led by an experienced management and technical team with a proven record in global mineral projects, emphasizing disciplined execution, transparent governance and long-term stakeholder value creation.