Mr. Edward Kelly reports

NEXUS GOLD PROVIDES CORPORATE UPDATE

Nexus Gold Corp. has provided an update to shareholders following completion of its previously announced share consolidation, private placement financing and debt settlement transactions. With these matters now concluded, the company is recapitalized, debt-free, and prepared to enter the next phase of development focused on disciplined growth and strategic advancement.

Following completion of the share consolidation, private placement and debt settlement, the company has 24,005,125 common shares issued and outstanding. On a fully diluted basis, including exercise of outstanding stock options and share purchase warrants, the company would have 36,120,634 common shares outstanding. With its capital structure defined, the company is advancing a strategy centred on redeveloping its gold project portfolio with a focus on opportunities in Colombia. The company's near-term focus includes:

• Evaluation of an active pipeline of potential transactions aligned with its strategy;
• Site visits to potential project opportunities in Colombia;
• Technical, legal and financial due diligence on project opportunities.

Management's objective is to identify and advance high-quality gold assets that offer a clear pathway toward scalable production and long-term value creation. The company remains committed to disciplined evaluation standards and prudent capital allocation as it assesses opportunities within established mining districts.

Edward Kelly, president and chief executive officer, stated: "With recapitalization now behind us, we are focused on new opportunities in Colombia that align with our strategic criteria and are engaging with partners and investors as we move into this next phase. Our priority is to build a strong foundation for sustainable growth."

Management has not resolved to proceed with any particular transaction at this time, nor have terms been defined for any potential transaction. The company will further update shareholders as the evaluation of opportunities continues and material developments occur.

We seek Safe Harbor.