NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to provide additional results from its diamond drilling program at the Company’s Goliath Gold Complex, which includes the Goliath, Goldlund and Miller Deposits. The drill program, of which approximately 31,971 metres of the expanded 35-000 metre program have been completed, is focused on infilling and testing the extension of mineralization within Zone 4 of the Goldlund Deposit. The results presented in this news release include 3,603 metres of diamond drilling in 10 drill holes (GL-26-031 to GL-26-040) (Figures 1, 2 and 3; Tables 1 and 2).

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

• 14.07 g/t gold over 7.0 metres (from 187.0 to 194.0 metres), including 95.70 g/t gold over 1.0 metres in drill hole GL-26-034; additionally, 9.76 g/t gold over 8.0 metres (from 170.0 to 178.0 metres), including 74.10 g/t gold over 1.0 metres, 2.84 g/t gold over 13.0 metres (from 205.0 to 218.0 metres), including 21.70 g/t gold over 1.2 metres, 53.00 g/t gold over 1.0 metres (from 74.0 to 75.0 metres), and 0.55 g/t gold over 29.7 metres (from 243.5 to 273.2 metres) including 7.61 g/t gold over 1.2 metres in the same hole;
• 2.23 g/t gold over 15.5 metres (from 123.5 to 139.0 metres), including 40.50 g/t gold over 0.5 metres and 3.97 g/t gold over 0.8 metres in drill hole GL-26-032; additionally, 1.49 g/t gold over 9.1 metres (from 433.9 to 443.0 metres), including 6.50 g/t gold over 0.7 metres and 9.25 g/t gold over 0.5 metres in the same hole;
• 1.25 g/t gold over 22.0 metres (from 166.0 to 188.0 metres), including 40.50 g/t gold over 0.5 metres in drill hole GL-26-033; additionally, 0.84 g/t gold over 42.8 metres (from 245.7 to 288.5 metres), including 7.04 g/t gold over 1.3 metres and 3.91 g/t gold over 1.0 metres in the same hole; and
• 1.51 g/t gold over 17.1 metres (from 218.9 to 236.0 metres), including 13.80 g/t gold over 0.6 metres and 5.98 g/t gold over 1.0 metres in drill hole GL-26-039A; additionally, 2.04 g/t gold over 6.2 metres (from 196.2 to 202.4 metres), including 15.50 g/t gold over 0.6 metres in the same hole.

Kevin Bullock, President, CEO & Director of NexGold, commented: “I am pleased with the additional assay results from our drill program at Goldlund. This program continues to demonstrate grade continuity at depth, but within reach of a potential open pit. Grade tenor and thicknesses continue to build confidence that mineralization continues at depth and is consistent with previous drill results. Our continued drilling progress at Goldlund further supports our objectives for this program – to infill and test the extension of mineralization in Zone 4 – which is expected to contribute to refinement of our geological model and may inform future Mineral Resource assessments. We expect to complete the balance of the 35,000-metre program by the end of 2026 and will continue to provide updates as results become available.”

Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining within sub-vertical granodiorite sills. Zone 4 at the Goldlund Deposit includes broad intervals of mineralized intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. The drill results summarized in this news release, together with previously announced drill results, provide additional support and information relevant to the interpretation of grade continuity within Zone 4. These results are expected to contribute to ongoing refinement of the geological model and may support future evaluation of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies.

Drill holes completed as part of this program have been distributed across the strike extent of Zone 4, with the holes highlighted in this news release located from the central to southeastern portion of the zone. The results provide additional information supporting the Company’s current geological interpretation of mineralization within Zone 4 and provide additional information regarding the continuity of mineralization between drill sections. Additional drilling is planned to further evaluate mineralization along strike and down dip and to inform Mineral Resource assessments.

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

Figure 2: A cross-section through the Goldlund Deposit showing the location of the drill holes (GL-26-030B to GL-26-032 and GL-26-038 to GL-26-040) reported in this news release

Figure 3: A cross-section through the Goldlund Deposit showing the location of the drill holes (GL-26-033 to GL-26-035 and GL-26-037) reported in this news release

Table 1: Highlighted drill intercepts from drill holes in this news release

<sup>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, except for hole GL-26-033, where true width is estimated from 25 to 50% of interval length due to the steeper inclination drilled.
2. For duplicate samples, the average grade was used to calculate the intersection grade. All grades are uncapped.</sup>

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 program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. Drill core is sawed in half with one-half of the core sample dispatched to the Activation Laboratories Ltd. laboratory in Dryden, Ontario. The other half of the core is retained for future assay verification and/or metallurgical testing. Other QA/QC procedures include the insertion of blanks and Canadian Reference Standards for every tenth sample in the sample stream. A quarter core duplicate is assayed every 20^th sample. The laboratory, which is independent of the Company, has its own QA/QC protocols, running standards and blanks with duplicate samples in each batch stream. Additional checks are routinely run on anomalous values including gravimetric analysis and pulp metallic screen fire assays. Gold analysis is conducted by lead collection, fire assay with atomic absorption, and/or gravimetric finish on a 50-gram sample. Check assays are conducted at a secondary independent ISO certified laboratory (in this case AGAT Laboratories located in Mississauga, Ontario) following the completion of a 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. Mr. McNeill has reviewed the available data, composites and QA/QC information related to the drill program 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 www.sedarplus.ca and on NexGold’s website at www.nexgold.com.

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