Mr. Jeremy Poirier reports

NEXUS ANNOUNCES APPOINTMENT OF BUSINESS DEVELOPMENT ASSOCIATE

Nexus Uranium Corp. has appointed Benjamin Asuncion to aid in the company's business development efforts.

"I am excited to welcome Benjamin to the team given his extensive experience in identifying assets, strategic M&A [mergers and acquisitions], and increasing investor engagement, which will prove invaluable as we embark on an exciting new opportunity for the company with the Cree East project," commented Jeremy Poirier, chief executive officer of Nexus Uranium. "The Cree East project positions Nexus with one of the largest land packages in the western Athabasca basin, right in the heart of existing mines and active development projects, and the ability to leverage over $20-million of past exploration insights towards a new significant discovery."

Mr. Asuncion has over 17 years of experience in the capital markets and natural resources sector. Since 2017, he has acted as principal of P.I. Holdings Ltd., a private company that provides management consulting services to public companies. Mr. Asuncion has held senior management, board of directors and advisory roles with several public companies in the mineral exploration, health care, technology and life sciences sectors. From 2007 through 2016, Mr. Asuncion acted as a mining analyst with Haywood Securities Inc. Prior to joining Haywood, he was involved in the management of an endowment fund at Simon Fraser University. Mr. Asuncion holds a bachelor of business from Simon Fraser University with concentrations in finance, accounting and management science.

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 Mines' 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 a 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 grams per tonne 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 grams per tonne gold.

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