Mr. Jeremy Poirier reports

NEXUS ANNOUNCES GRANT OF STOCK OPTIONS

Nexus Uranium Corp. has granted an aggregate of one million stock options to its directors, officers and consultants.

Each option is exercisable to acquire one common share at an exercise price of 55 cents for five years. The options are subject to a one-year vesting period, with 25 per cent of the options vesting on Aug. 1, 2024, and 25 per cent vesting every three months thereafter.

About Nexus Uranium Corp.

Nexus Uranium is a multicommodity development company focused on advancing the Cree East uranium project in the Athabasca basin and 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 the Yukon. The Cree East project is one of the largest projects within the Athabasca basin of Saskatchewan, spanning 57,752 hectares (142,708 acres), and has seen over $20-million in exploration to date. 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 (nine million tonnes at 3.22 g/t gold) of gold with a substantial silver credit. A 2022 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 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.

The technical content of this news release has been reviewed and approved by Warren D. Robb, PGeo (British Columbia), a director and vice-president, exploration, of Nexus Uranium, a qualified person under National Instrument 43-101.

We seek Safe Harbor.