File: '\\swfile\EmailIn\20250430 133956 Attachment Nexus Gold Corp. - NR - PP Closing Final.docx'

LEGAL*68163857.1

NEXUS GOLD CORP.

NEWS RELEASE

NEXUS GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, British Columbia - April 30, 2025 - NEXUS GOLD CORP. (the "Company") (TSX.V: NXS) announces that it has closed its non-brokered private placement (the "Offering") of units (each, a "Unit") at a price of $0.01 per Unit. Each "Unit" consists of one common share of the Company, and one share purchase warrant (each, a "Warrant") exercisable to acquire an additional common share at a price of $0.05 until April 30, 2030. In connection with the closing of the Offering, the Company issued 42,000,000 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 ten percent of the proceeds for investor relations activities. The Company does not anticipate completing payments to non-arms-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 August 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.

ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.

"Edward Kelly"

Edward Kelly, Chief Executive Officer

For further information please contact:

Edward Kelly, Chief Executive Officer

info@nexusgoldcorp.com

Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.