Mr. Edward Kelly reports

NEXUS GOLD ANNOUNCES PRIVATE PLACEMENT AND NEW CFO

Nexus Gold Corp. will conduct a non-brokered private placement of up to 42 million units at a price of one cent per unit for gross proceeds of up to $420,000. Each unit will consist of one common share of the company and one share purchase warrant exercisable to acquire an additional common share at a price of five cents for a period of 60 months.

The company anticipates utilizing the proceeds of the offering to retire existing payables, to address audit and public disclosure costs, to maintain existing property interests, and to provide general working capital to support the operations of the company. In addition, the company may utilize up to 10 per cent of the proceeds for investor relations activities. The company does not anticipate completing payments to non-arm's-length parties from the proceeds of the offering, aside from compensation for services rendered in the ordinary course of business.

In connection with completion of the offering, the company may pay finders' fees to eligible third parties which have introduced subscribers to the offering. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the offering remains subject to the approval of the TSX Venture Exchange.

The company also announces that Kevin Hart has stepped down from his role as chief financial officer for personal reasons. However, he will continue to serve as a valued member of the board of directors. The company is pleased to welcome Rodney Stevens as interim CFO, bringing his expertise and leadership to the role during this transition. The company thanks Mr. Hart for his contributions as CFO and looks forward to his continued guidance on the board.

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 9,000 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.

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