Mr. Kevin Bullock reports

NEXGOLD ANNOUNCES MANAGEMENT CHANGES

Jeremy Wyeth has stepped down from the position of chief operating officer of Nexgold Mining Corp., as a result of a restructuring of its executive management team. This organizational restructuring creates an efficient and effective flat-line structure to allow for direct communication and faster decision-making as the company accelerates toward its next exciting phase.

"I want to thank Jeremy for his significant commitment and contribution to Nexgold over the past several years. Jeremy has had a critical impact on the development of the Goliath gold complex and we wish him well in his future endeavours," said Jim Gowans, chairman of the board of directors.

The company also announces that Rachel Pineault has stepped down from the position of executive vice-president, governance and corporate affairs, of the company.

"Rachel has made significant contributions to Nexgold through the company's corporate and community affairs over the last several years, and we wish her well in her future endeavours," said Kevin Bullock, president and chief executive officer of Nexgold.

About Nexgold Mining Corp.

Nexgold is a gold-focused company with assets in Canada and Alaska. Nexgold's Goliath gold complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro gold project is located in Nova Scotia. Nexgold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake gold project joint venture (JV) and the grassroots gold exploration property Gold Rock. In addition, Nexgold holds a 100-per-cent interest in the high-grade Niblack copper-gold-zinc-silver VMS (volcanic massive sulphide) project, located adjacent to tidewater in southeastern Alaska. Nexgold is committed to inclusive, informed and meaningful dialogue with regional communities and indigenous nations throughout the life of all of the company's projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value and promoting community well-being.

Further details about Nexgold, including a prefeasibility study for the Goliath gold complex and a feasibility study for the Goldboro gold project, are available under the company's issuer profile on SEDAR+ and on Nexgold's website.