Mr. Peter Berdusco reports

NEXUS GOLD CONDUCTS DUE DILIGENCE ON STRATEGIC ACQUISITIONS

Nexus Gold Corp. is currently conducting due diligence on potential strategic acquisitions of advanced-exploration-and-resource-definition-stage gold projects.

The company aims to take advantage of current market conditions to acquire undervalued assets with the objective of establishing a portfolio of advanced projects for development. A key component of the development plan is the utilization of the leading-edge element detection technology (EDT). EDT was successfully deployed at the company's flagship Walker Ridge gold project in Nevada, United States.

"The creation of a portfolio of advanced projects utilizing EDT potentially enables us to drill year-round and increase our access to financing," commented president and chief executive officer Peter Berdusco. "EDT represents a whole new way of exploring and defining resources. We believe Nexus is at the forefront of a technological advance in the industry and the upside of being a first mover is clear."

The technology has greatly assisted the company's work at Walker Ridge. A secondary survey providing further drill target definition was recently completed on the property this past fall. It has identified several strata areas adjacent to the first hole that will be incorporated into the property's 2016 exploration plan.

The company will provide additional details on any proposed strategic acquisitions pending the outcome of due diligence or executed agreements.

Walker Ridge gold project

The Walker Ridge gold project is located directly between and adjacent to both the Jerritt Canyon mine and mill complex, and the Big Springs deposit. A 3,200-metre-3,200-metre (two-square-mile) bull's-eye of highly anomalous, geochemically defined pathfinder elements (antimony, arsenic, mercury) exists within the claim block, coincident to geophysical anomalies both in gravity and resistivity. A Carlin-age (Eocene) intrusion, as verified through uranium-lead radiometric age dating (35.9 million years), has been discovered on the property at the centre of the geochemical/geophysical anomalies.

Innovative technology

In the fall of 2014, the company employed Vital GeoSurveys Ltd. to perform a geophysical survey utilizing a leading-edge element detection technology. Prior to the survey on Walker Ridge, the technology had been used primarily in the oil and gas sector for the past five years, accumulating a record of success. The proprietary nature of the innovative technology allows for the in situ detection and the mapping of signals specific to the targeted element. In the case of Walker Ridge, the targeted element is gold. In application, the technology deploys energy and if the target element is present a signature response is detected. The strength of these signature responses is measured and catalogued as points of interest.

The fall 2014 survey identified 38 points of interest occurring in eight clusters over approximately a two-square-mile area within the company's claim block. Seven of these clusters are coincidental to data sets identified through the company's previous work programs on the property: anomalous mercury and antimony geochemical levels, a prominent gravity geophysical low coincident to the surface mercury anomaly, and an electromagnetic/magnetotelluric resistivity low/high. The results of the survey, particularly when applied to the existing data sets, potentially reduces the risks and costs normally associated exploration drilling programs.

The technical content of this release was reviewed and approved by Warren Robb, PGeo, a qualified person under National Instrument 43-101.

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