Mr. Edward Kelly reports

NEXUS GOLD ANNOUNCES PRIVATE PLACEMENT

Nexus Gold Corp. will conduct a non-brokered private placement of up to 10.5 million units at a price of 10.5 cents per unit for gross proceeds of up to $1,102,500. Each unit will consist of one common share of the company and one-half of one share purchase warrant. Each warrant is exercisable to acquire an additional common share at a price of 20 cents for a period of 24 months.

The company intends to use the net proceeds of the offering for the identification and evaluation of potential new gold assets, including due diligence and closing costs, to retire certain past payables, and for general working capital purposes.

In connection with the completion of the offering, the company may pay finders' fees to eligible third parties who 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.

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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