Mr. Kevin Bullock reports

NEXGOLD ANNOUNCES AMENDMENTS TO OMNIBUS EQUITY INCENTIVE PLAN

Nexgold Mining Corp. has amended certain terms of its omnibus equity incentive plan.

The plan was approved by shareholders at the company's past annual general meeting held on June 26, 2025, and by the TSX Venture Exchange on July 3, 2025.

The plan was amended to clarify that, consistent with the company's historical practice, a holder of restricted share units has the right to defer settlement of vested RSUs, provided that such deferred settlement occurs not later than three years following the year in which the related services were rendered.

In accordance with Section 10.6(c) of the plan, the amendments were approved by the board of directors of the company on Aug. 12, 2025, and were subsequently accepted by the exchange on Sept. 3, 2025. In accordance with exchange policies, shareholder approval of the amendments was not required.

A copy of the amended plan has been filed under the company's profile on SEDAR+.

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 and grassroots gold exploration property Gold Rock. In addition, Nexgold holds a 100-per-cent interest in the high-grade Niblack copper-gold-zinc-silver volcanogenic 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 its projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value and promoting community well-being.