NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to announce that it has closed a private placement pursuant to which NexGold issued 6,060,600 flow-through shares at a price of C$1.65 per FT Share for aggregate gross proceeds of C$10 million.

An amount equal to the aggregate gross proceeds from the sale of the FT Shares will be used to incur, on or before December 31, 2027, “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” (each term within the meaning of the Income Tax Act (Canada)).

The securities issued pursuant to the Offering will be subject to a four-month-plus-one-day hold period expiring on October 27, 2026, under applicable Canadian securities laws. No finder’s fees or commissions were paid in connection with the Offering.

Kevin Bullock, President, CEO and Director of NexGold, commented “We are pleased to announce the closing of this flow-through financing to support continued exploration at our Goldboro and Goliath properties. This financing was placed with two of our long-term, long only, institutional shareholders and will focus on mineral resource expansion potential on our significant property packages.”

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 www.sedarplus.ca and on NexGold’s website at www.nexgold.com.

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