Nexgold Intersects 1.35 G/T Gold Over 38.9 Metres, 1.42 G/T Gold Over 27.2 Metres, And 54.04 G/T Gold Over 1.3 Metres At The Goldlund Deposit, Ontario

Table 2: Locations and Orientations of Drill Holes in this News Release

Note: Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 15N coordinates

QA / QC

The Company has implemented a quality assurance and quality control ("QA/QC") program to ensure that sampling and analytical work associated with its exploration activities is conducted in accordance with the CIM Exploration Best Practices Guidelines. Drill core is sawn in half, with one half of each core sample submitted to Activation Laboratories Limited in Dryden, Ontario, for analysis. The remaining half of the core is retained for future assay verification and/or metallurgical testing. Additional QA/QC procedures include the insertion of blanks and certified reference standards at a rate of one in every ten samples within the sample stream. Quarter-core duplicate samples are submitted for analysis at a rate of one in every twenty samples. The primary laboratory maintains its own QA/QC program, including the insertion of standards, blanks, and duplicate samples within each analytical batch. Additional verification procedures are routinely performed on anomalous gold values, including gravimetric analyses and metallic screen fire assays. Gold analyses are completed by lead-collection fire assay with atomic absorption spectroscopy ("AAS") finish and/or gravimetric finish on 50-gram samples. Check assays are conducted at a secondary ISO-certified laboratory, in this case in Mississauga, Ontario, following completion of the drill program.

Qualified Person

Paul McNeill, P.Geo., VP Exploration of NexGold, is a“Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold.

About NexGold Mining Corp.

NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia, the Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) in Northwestern Ontario, and additional exploration projects across Canada. NexGold also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project in southeast Alaska. NexGold is committed to ongoing, meaningful engagement with regional communities and Indigenous Nations to support sustainable development, safe operations, and shared economic and social benefits.

Further details about NexGold, including a Feasibility Study for the Goldboro Gold Project and a Prefeasibility Study for the Goliath Gold Complex, are available under the Company's issuer profile on and on NexGold's website at .

Contact :

Cautionary Note Regarding Forward-Looking Information

This news release contains“forward-looking information” within the meaning of applicable Canadian securities legislation and“forward-looking statements” within the meaning of applicable U.S. securities laws (collectively,“forward-looking information”). Forward-looking information relates to future events or future performance and reflects management's expectations and assumptions as of the date of this news release.

Forward-looking information contained in this news release includes, but is not limited to: the Company's exploration plans and objectives; the timing, scope, completion and results of current and future drilling programs; the expansion and completion of the current drill program; interpretations regarding the continuity, extent and distribution of mineralization; the potential for future Mineral Resource updates or changes to Mineral Resource classifications; the incorporation of drilling results into geological models; the completion of technical studies, including the updated Goldboro feasibility study; the advancement and development of the Company's projects; and other statements that are not historical facts.

Forward-looking information is often, but not always, identified by the use of words and phrases such as“plans”,“expects”,“is expected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“projects”,“anticipates”,“believes”,“targets”,“potential”,“may”,“could”,“should”,“would”,“will” and similar expressions.

Forward-looking information is based on a number of assumptions, including, without limitation: the Company's ability to carry out its planned exploration and development activities; the accuracy of geological interpretations and exploration results; the continuing of mineralization being consistent with current expectations; the availability of financing, contractors, equipment and personnel; the receipt of required permits, approvals and authorizations in a timely manner; and the absence of material adverse changes in market, economic, regulatory, political or operating conditions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, among others: the risk that exploration activities, including drilling, may not accurately predict the continuity, grade or extent of mineralization; the possibility that future drilling results may not support changes to existing Mineral Resource estimates or Mineral Resource classifications; risks related to the interpretation of exploration results; the ability of the Company to complete planned exploration, development and technical programs; the availability of financing; the receipt of required permits, approvals and authorizations; delays in exploration, development or construction activities; fluctuations in commodity prices, exchange rates and market conditions; environmental, Indigenous, community, permitting and regulatory risks; health and safety risks; and the other risks described in the Company's public disclosure documents, including its Management's Discussion and Analysis for the year ended December 31, 2025, available under the Company's profile on SEDAR+ at.

Although the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that such information will prove to be accurate. Actual results and future events may differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is provided to assist investors in understanding the Company's current expectations, plans and objectives and may not be appropriate for other purposes. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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