Mr. Jeremy Poirier reports

NEXUS URANIUM ANNOUNCES MARKETING AGREEMENTS

Nexus Uranium Corp. has signed a renewal agreement with MIC Market Information & Content Publishing GmbH, beginning Feb. 5, 2024, for marketing services, which will continue through March 30, 2024, or until budget exhaustion. Pursuant to the agreement, MIC will utilize its on-line programs with the aim of increasing investor awareness and interest in the company through various on-line platforms and methods of engagement in consideration of 250,000 euros. The marketing activity will occur by e-mail, Facebook and Google. MIC does not have any prior relationship with the company, other than previous marketing engagements, and the agreement constitutes an arm's-length transaction.

The company also announces that it has renewed its arm's-length marketing agreement with Sideways Frequency LLC, originally dated Dec. 18, 2023. The renewed agreement is effective Feb. 1, 2024, and will continue until March 1, 2024. As consideration for SFLLC's marketing and investor awareness services, the company has agreed to pay SFLLC a fee of $150,000 (U.S.) for a term of one month. The company may elect to renew the agreement at any point during the term.

The services will include, but are not limited to, e-mail campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns.

Consideration offered to SFLLC does not include any securities of the company. Aside from previous engagements, the company does not have any relationship with SFLLC and Wesley De Souza, chief executive officer of SFLLC.

The company also announces that it has granted a consultant of the company 20,000 restricted share units pursuant to the company's current omnibus equity plan. The RSUs will vest immediately on the date of grant and entitle the recipient to receive one common share in the capital of the company, a cash payment equivalent thereof, or any combination of cash and common shares at the sole discretion of the company. The RSUs and the underlying common shares are subject to a four-month hold period as required by the policies of the Canadian Securities Exchange.

About Nexus Uranium Corp.

Nexus Uranium is a multicommodity development company focused on advancing the Wray Mesa uranium-vanadium project in Utah in addition to its precious metal portfolio that includes the development-stage Independence mine located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in Nevada, the Napoleon gold project in British Columbia and a package of gold claims in Yukon. The Wray Mesa project covers 6,282 acres within the heart of the prolific Uruvan mining district in Utah and has extensive historical drilling of over 500 holes defining multiple mineralized zones. The Independence project hosts an M&I (measured and indicated) resource of 334,300 ounces of gold (28 million tonnes at 0.41 gram per tonne gold) and an inferred resource of 847,000 ounces of gold (nine million tonnes at 3.22 g/t gold) with a substantial silver credit. A 2021 preliminary economic assessment outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195,443 ounces of gold at an all-in sustaining cost of $1,078 (U.S.) per ounce of gold. The Napoleon project comprises over 1,000 hectares and is prospective for multiple forms of gold mineralization, with exploration in the area dating back to the 1970s with the discovery of high-grade gold. The Yukon gold projects are composed of almost 8,000 hectares of quartz claims prospective for high-grade gold mineralization with historical grab sampling highlights of 144 g/t gold.

Nexus Uranium cautions investors the preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized. The company further cautions investors mineral resources which are not mineral reserves do not have demonstrated economic viability, and further cautions investors the quantity and grade of the reported inferred mineral resources are uncertain in nature, and there has been insufficient exploration to define these inferred mineral resources as indicated mineral resources.

The company cautions investors it has yet to verify the historical data, and further cautions investors grab samples are selective by nature and are unlikely to represent average grades of sampling on the entire property.

We seek Safe Harbor.