Mr. Edward Kelly reports

NEXUS GOLD TO SEEK SHAREHOLDER APPROVAL FOR CONSOLIDATION

An annual general and special meeting of the shareholders of Nexus Gold Corp. will be held on July 31, 2025. At the meeting, shareholders will vote to re-elect the current board of directors, reappoint Shim & Associates LLP, chartered professional accountants, as the auditor of the company for the ensuing year, reapprove the existing stock option plan for the company and approve a consolidation of the outstanding share capital of the company on a one-for-up-to-25 basis.

The board of directors of the company has not yet determined a final ratio for the consolidation but intends to move forward with the consolidation following receipt of approval at the meeting and a review of available financing sources for the company. There are currently 100,372,064 common shares of the company outstanding, and, assuming the consolidation is completed on a one-for-25 basis, the company would have approximately 4,014,883 shares outstanding. Completion of any consolidation remains subject to receipt of approval at the meeting and the review and approval of the TSX Venture Exchange. The company does not intend to change its name in connection with the consolidation.

For further information concerning the meeting and the consolidation, readers are encouraged to review the management information circular prepared by the company. A copy of the circular will be mailed to shareholders of record as of the closing of business on June 16, 2025, and is also available under the company's profile on SEDAR+ and the company's website.

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.