File: '\\swfile\EmailIn\20250704 165627 Attachment Nexus Gold Corp. - News Release - AGSM and Share Consolidation.docx'

LEGAL*68780557.1

NEXUS GOLD CORP.

NEWS RELEASE

NEXUS GOLD TO SEEK SHAREHOLDER APPROVAL FOR CONSOLIDATION

Vancouver, British Columbia - July 4, 2025 - NEXUS GOLD CORP. (the "Company") (TSX.V: NXS) announces that an annual general and special meeting (the "Meeting") of the shareholders of the Company will be held on July 31, 2025. At the Meeting, shareholders will vote to re-elect the current board of directors, re-appoint Shim & Associates LLP, Chartered Professional Accountants as the auditor of the Company for the ensuing year, re-approve the existing stock option plan for the Company, and approve a consolidation (the "Consolidation") of the outstanding share capital of the Company on up to a one-for-twenty-five 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 funding 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-twenty-five 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+ (www.sedarplus.ca) and the Company's website (https://nxs.gold/annualmeeting2025/).

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.