Mr. Jeremy Poirier reports

NEXUS URANIUM ANNOUNCES DEBT SETTLEMENT

Nexus Uranium Corp. has entered into a debt settlement agreement with a certain arm's-length creditor to settle $81,000 in outstanding debt. Pursuant to the debt settlement, the company has agreed to issue approximately 42,408 common shares of the company at a deemed price of $1.91 to the arm's-length creditor.

The company intends to complete the debt settlement to preserve the company's cash for working capital and improve its financial position by reducing its existing liabilities. The debt settlement is expected to close shortly, subject to customary closing conditions, including, but not limited to, finalizing all contractual documentation and receipt of all applicable regulatory approvals, as applicable, including compliance with the policies of the Canadian Securities Exchange.

The debt settlement shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the CSE.

About Nexus Uranium Corp.

Nexus Uranium is a Canadian exploration company focused on uranium projects in North America. In the United States, the company holds the Chord, Wolf Canyon, Deadhorse and RC projects in South Dakota, and the South Pass project in Wyoming. The Great Divide basin project in Wyoming is under option to Canamera Energy Metals Corp. In Canada, Nexus holds the Mann Lake project in Saskatchewan's Athabasca basin.

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