Mr. Milad Zareian reports

NEXUS GOLD PROPOSES DEBT SETTLEMENT TRANSACTION

Nexus Gold Corp. has reached an agreement with Generation IACP Inc. (formerly Trapeze Capital Corp.) to settle outstanding indebtedness of $51,975 currently owing to the creditor. The indebtedness was previously incurred by the company in connection with certain market-making services provided by the creditor pursuant to a service agreement dated July 10, 2018. In settlement of the indebtedness, the company proposes to issue 2,598,750 units at a deemed price of two cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant entitling the creditor to acquire an additional common share at a price of five cents for a period of 24 months.

The company is at arm's-length from the creditor. All securities issued in connection with settlement of the indebtedness will be subject to restrictions on resale for a period of four months and one day, in accordance with applicable securities laws. The completion of the settlement remains subject to the approval of the TSX Venture Exchange.

About Nexus Gold Corp.

Nexus Gold is a Canadian-based gold development company with an extensive portfolio of exploration projects in West Africa. The company's West African-based portfolio totals over 560 square kilometres (greater than 56,000 hectares) of land located on active gold belts and proven mineralized trends. The company is focusing on the development of several core assets while seeking joint venture, earn-in and strategic partnerships for other projects in its portfolio.

We seek Safe Harbor.