File: '\\swfile\EmailIn\20260817 151133 Attachment 26-08-17 NXU NR $0.01 Private Placement Close.docx'

NEXCO RESOURCES INC.

#750 - 1095 West Pender Street

Vancouver, British Columbia V6E 2M6

Telephone: 778-938-3367

NEXCO RESOURCES INC. ANNOUNCES CLOSE OF PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, August 17, 2026 - Nexco Resources Inc. (the "Company" or "Nexco") (CSE: NXU) is pleased to announce that, further to its press releases dated March 2, 2026 and July 27, 2026, it has closed its previously announced financing (the "Financing"), through the issuance of 16,760,000 common shares (the "Shares") of the Company at a price of $0.01 per Share, for gross proceeds of $167,600.

In connection with the Financing, the Company paid an aggregate of $11,732 in cash finder's fees. The Company intends to use the proceeds as set out in the press release dated March 2, 2026. The Shares have a hold period of four months and one day from the date of issue and a voluntary lock-up period as further described in the press release dated July 27, 2026.

The Financing was completed pursuant to a partial revocation order granted by the British Columbia Securities Commission (the "BCSC") on March 26, 2026 in respect of the failure to file cease trade order issued by the BCSC against the Company on March 4, 2025 (the "FFCTO"), as further described in the press release dated March 2, 2026. The Shares remain subject to the FFCTO and trading on the CSE remains halted until a full revocation order is obtained. The granting of the partial revocation order does not guarantee that a full revocation order will be issued in the future.

ON BEHALF OF THE BOARD

Zayn Kalyan, Chief Executive Officer

Telephone: 778-938-3367

Email: zayn@altuscapital.ca

About Nexco Resources Inc.

Nexco Resources Inc. is a Canadian mineral exploration company headquartered in Vancouver, British Columbia.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements implied by such statements. In particular, this news release contains forward looking information regarding the anticipated use of proceeds of the Financing, the preparation and filing of the Company's outstanding continuous disclosure documents, and the application for and grant of a full revocation of the FFCTO by the BCSC and the resumption of trading of the Company's common shares on the CSE. These forward looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: the Company's use of proceeds proceeding as intended, the proceeds of the Financing will be sufficient to bring the Company's continuous disclosure record up to date and to fund the application for a full revocation of the FFCTO and the Company will complete the filings in default and obtain a full revocation of the FFCTO. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will prove inaccurate, certain of which are beyond the Company's control, including the risk that the proceeds of the Financing are insufficient for the Company's intended purposes, the risk that the Company is unable to complete its outstanding filings and the risk that a full revocation of the FFCTO is not obtained on a timely basis or at all.

Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of future unanticipated events.