Mr. Edward Kelly reports

NEXUS GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Nexus Gold Corp. has closed its non-brokered private placement of units at a price of one cent per unit. Each unit consists 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 until April 30, 2030. In connection with the closing of the offering, the company issued 42 million units for gross proceeds of $420,000.

The company anticipates using the proceeds of the offering to retire existing payables, address audit and public disclosure costs, maintain existing property interests, and provide general working capital to support the company's operations. In addition, the company may use 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.

No finders' fees were paid in connection with the completion of the offering. All securities issued in connection with the offering are subject to restrictions on resale until Aug. 31, 2025, in accordance with applicable securities laws.

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.

We seek Safe Harbor.