NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to provide additional results from the diamond drilling program at the Company’s Goliath Gold Complex, which includes the Goliath, Goldlund, and Miller deposits. While initially launched as a 25,000-metre program and subsequently upsized to 35,000 metres, the drill program at the Goldlund Deposit has been further expanded to 37,000 metres to test the down-dip extension of mineralization previously intersected during the current program.

The results presented in this news release include 5,088 metres of diamond drilling completed in 13 drill holes (GL-26-041 to GL-26-053). These drill holes were designed to infill mineralization within Zone 4 of the Goldlund Deposit (Figures 1, 2, and 3; Tables 1 and 2).

Selected wider drill intersections from diamond drill holes at the Goldlund Deposit in this news release are further detailed in Table 1 and include:

• 1.35 g/t gold over 38.9 metres (from 222.5 to 261.4 metres), including 52.80 g/t gold over 0.5 metres and 13.50 g/t gold over 1.0 metres in drill hole GL-26-042;
• 1.42 g/t gold over 27.2 metres (from 371.8 to 399.0 metres), including 14.60 g/t gold over 1.0 metres and 7.87 g/t gold over 1.2 metres in drill hole GL-26-052; and
• 1.35 g/t gold over 17.8 metres (from 233.0 to 250.8 metres), including 7.89 g/t gold over 0.8 metres and 3.89 g/t gold over 1.0 metres in drill hole GL-26-043; additionally, 0.92 g/t gold over 6.4 metres (from 275.5 to 281.9 metres) in the same hole.

In addition to multiple wider intersections of gold mineralization, several high-grade intersections were recovered, including:

• 54.04 g/t gold over 1.3 metres (from 265.2 to 266.5 metres) including 91.7 g/t gold over 0.7 metres in drill hole GL-26-053;
• 93.40 g/t gold over 0.7 metres (from 190.2 to 190.9 metres) in drill hole GL-26-051; additionally, 21.40 g/t gold over 0.6 metres (from 279.0 to 279.6 metres) in the same hole;
• 60.70 g/t gold over 0.5 metres (from 300.0 to 300.5 metres) in drill hole GL-26-047; additionally, 11.80 g/t gold over 1.0 metres (from 228.0 to 229.0 metres) and 9.69 g/t gold over 0.9 metres (from 310.6 to 311.5 metres) in the same hole; and
• 17.20 g/t gold over 1.0 metres (from 218.0 to 219.0 metres) in drill hole GL-26-045; additionally, 11.00 g/t gold over 1.0 metres (from 236.0 to 237.0 metres) in the same hole.

Kevin Bullock, President, CEO and Director of NexGold, commented: “The recent set of assay results from our drill program at Goldlund further demonstrates continuity of gold mineralization and grade at depth while remaining within the interpreted limits of the current mineralized envelope. Additionally, drilling at Goldlund continues to support the Company’s original objectives for the program, with the grade tenor and widths intersected consistent with previous drilling results and increasing our confidence in the mineralized system.

“We believe that continued positive drilling results at Goldlund has the potential to enhance the future mineral resource and development opportunities within the Goliath Gold Complex. Based on the results of this program to date, we have made the decision to further expand the drill program to 37,000 metres to continue to test the down-dip mineralized extension and expect to complete this program by year-end.”

Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining hosted within sub-vertical granodiorite sills. Zone 4 comprises broad intervals of mineralized intermediate to mafic volcanic rocks associated with multiple porphyry and granodiorite intrusions.

The drill results summarized in this news release, together with previously reported results, further enhance the Company’s understanding of the distribution and continuity of mineralization within Zone 4. This data will be incorporated into ongoing refinements of the geological model and may contribute to future evaluations of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies.

Drill holes completed as part of the current program are distributed across the strike extent of Zone 4, with the holes highlighted in this release located within the central and southeastern portions of the zone. The results continue to support the Company’s geological interpretation and provide additional information regarding the continuity of mineralization between drill sections. Additional drilling is planned to evaluate the extent of mineralization along strike and at depth, while also supporting future Mineral Resource assessments.

Figure 1: Plan map showing the location of the Goldlund Zone 4 infill drill holes

Figure 2: Cross-section through the Goldlund Deposit showing the location of the drill holes
(GL-26-041, GL-26-042 and GL-26-044B to GL-26-047) reported in this news release

Figure 3: Cross-section through the Goldlund Deposit showing the location of the drill holes
(GL-26-043 and GL-26-048 to GL-26-053) reported in this news release

Table 1: Highlighted Drill Intercepts from Drill Holes in this News Release

Notes:

1. Reported intervals are drilled core lengths and do not indicate true widths. True widths typically vary from 50 to 75% of the interval length.
2. For duplicate samples, the average grade was used to calculate the intersection grade. All grades are uncapped.

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.