Mr. Jeremy Poirier reports

NEXUS ANNOUNCES ACQUISITION OF EXTENSIVE HISTORICAL DATA SET FOR WRAY MESA

Nexus Uranium Corp. has acquired a significant historical data set covering its Wray Mesa uranium project in Utah, United States. The database includes results from extensive historical exploration by Atlas Minerals in the 1970s and 1980s covering the Wray Mesa project and surrounding area. The acquisition of the database was facilitated by the project optionor, Basin Uranium Corp., with the acquisition and analysis costs counting toward the company's exploration expenditure requirements under the option agreement for the project.

"The acquisition of this extensive historical database not only accelerates our understanding and exploration model for the project, but is also expected to allow us to table a NI [National Instrument] 43-101 resource estimate," commented Jeremy Poirier, chief executive officer of Nexus Uranium. "Our team is currently compiling and integrating the historical results into our exploration plans for the project, and look to provide a summary of the drilling and historical resource estimate once verified."

The Wray Mesa project is composed of 6,282 acres and has seen extensive historical exploration dating back to the 1980s, with over 500 holes drilled outlining four principal mineralized zones: Dylan, Ajax, Whiskey and Carlin. Mineralization on the property occurs at depths of 500 feet to 750 feet, with the drill-defined mineralization ranging from 25 feet to 75 feet. Mineralization is typical sandstone-hosted tabular deposits wherein the uranium occurs in reduced and altered sandstones and sandstone-mudstones in major stream channels in the Upper Salt Wash member of the Morrison formation.

The company also announces that it has renewed its arm's-length marketing agreement with Sideways Frequency LLC (SFLLC), originally dated Dec. 18, 2023. The renewed agreement is effective March 4, 2024, and will continue until April 5, 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.

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 on the Independence project 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.