Mr. Milad Zareian reports

NEXUS GOLD OPTIONS THE FOFORA GOLD PROJECT, HOUNDE GREENSTONE BELT, BURKINA FASO

Nexus Gold Corp. has signed an option agreement to acquire a 90-per-cent interest in the 6,200-hectare (62 square km) Fofora gold project exploration permit located 450 kilometres to the southwest of Ouagadougou, Burkina Faso, West Africa. The company can earn up to a 90-per-cent interest in the property by making a combination of cash $300,000 (U.S.) and 500,000 share payments over 54 months.

The Fofora permit is located on the eastern side of the Hounde greenstone belt in the Kampti department; in the province of Poni, near the border with Ivory Coast.

The Hounde greenstone belt is host to several large-scale operating gold mines, including Endeavour's Mana and Hounde mines, Futurna Silver's Yaramoko mine, as well as multiple other producing mines and large-scale discoveries.

The property has been explored in the past by Volta Resources and later by Roxgold and Fortuna Silver. Previous work on the property has identified a two-kilometre gold in soil geochemical trend straddling the geological contact between andesitic and basaltic rocks. This contact zone correlates well with the regional magnetic data. Silt samples collected from adjacent drainages have returned reported values of 327 and 127 parts per billion gold. A second target area is situated 7,000 metres south of the first trend. This is an area of active artisanal mining. A rock sample collected here by the company in February returned a value 9,820 ppb (9.8 g/t) gold.

"With the addition of Fofora we now have three top tier gold exploration projects in our West African portfolio," said chief executive officer Milad Zareian. "We are eager to get back to work in Burkina and look forward to drilling as soon as possible. We are hopeful that once the rainy season is behind us later this summer that we'll be able to announce a meaningful work program," continued Mr. Zareian.

The property is immediately adjacent and contiguous to Fortuna Silver's Boussoura project. Historical drill results* reported by Roxgold (now Fortuna Silver) returned the following results:

• 35 metres (m) at 4.1 grams per tonne (g/t Au) in drill hole BSR-21-RC-FFR-218 from 86 m including:
  • Nine m at 12.1 g/t Au from 96 m.
• Six m at 11.3 g/t Au in drill hole BSR-21-RC-FFR-167 from 90 m including:
  • One m at 65.6 g/t Au from 94 m.
• Two m at 11.7 g/t Au in drill hole BSR-21-RC-FFR-187 from 37 m including:
  • One m at 20.9 g/t Au from 38 m.
• Three m at 33.6 g/t Au in drill hole BSR-21-RC-FFR-201 from six m.

The company intends to conduct a first pass exploration program over the summer to follow up on the areas mentioned above and to test additional areas.

* Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative of the presence of mineralization on the company's properties.

Warren Robb, PGeo, vice-president, exploration, is the designated qualified person and has reviewed and approved the technical information contained in this release. It is the QPs opinion that the data as presented are adequate and can be relied upon for use in this press release.

About Nexus Gold Corp.

Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of projects in West Africa. The company will continue development of assets in West Africa in addition to potentially broadening its scope to include other jurisdictions.

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