Mr. Zayn Kalyan reports

NEXCO RESOURCES INC. ANNOUNCES PARTIAL REVOCATION OF FAILURE-TO-FILE CEASE TRADE ORDER

Further to Nexco Resources Inc.'s press release of March 2, 2026, the British Columbia Securities Commission (BCSC) has granted a partial revocation of the failure-to-file cease trade order (FFCTO) issued by the BCSC against the company on March 4, 2025. The partial revocation order permits the company to complete the non-brokered private placement contemplated by the company's March 2, 2026, press release for the purpose of raising funds to prepare and file its outstanding continuous disclosure documents and to apply for a full revocation of the FFCTO.

Voluntary lock-up

In addition to the private placement terms previously proposed, the common shares issued under the private placement will be subject to a voluntary contractual lock-up. Under the lock-up, the common shares will be released from the lock-up in accordance with the following schedule, calculated from the date on which the FFCTO is fully revoked: 25 per cent after three months, an additional 25 per cent after six months, an additional 25 per cent after nine months and the final 25 per cent after 12 months. The lock-up is in addition to, and does not replace or shorten, the applicable statutory hold period.

The company expects that its directors, officers, principal shareholders and control persons will remain the same following completion of the private placement. Certain insiders of the company may acquire common shares pursuant to the private placement. Any participation by insiders in the private placement would constitute a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the common shares subscribed for by the insiders, nor the consideration paid by such insiders, would exceed 25 per cent of the company's market capitalization.

There can be no assurances that the private placement will be completed on the terms set out herein, or at all, or that the proceeds of the private placement will be sufficient for the purposes of the company.

About Nexco Resources Inc.

Nexco Resources is a Canadian mineral exploration company headquartered in Vancouver, B.C.

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