Mr. Jeremy Poirier reports

NEXUS URANIUM ANNOUNCES PUBLIC HEARING DATE FOR CHORD EXPLORATION PERMIT

Following the prehearing conference held on Jan. 6, 2026, the South Dakota Department of Agriculture & Natural Resources (DANR) has scheduled the public hearing before the Board of Minerals and Environment for Nexus Uranium Corp.'s Chord uranium exploration permit application for March 18 to March 20, 2026.

The mineral board hearing represents the final step in the state permitting process for Nexus to receive its exploration drill permit at Chord. This milestone is the culmination of an extensive and exhaustive permitting effort that the company initiated in March, 2024, when it first submitted its Exploration Notice of Intent (EXNI) to the DANR.

Throughout this process, the company has worked collaboratively with multiple intergovernmental agencies including the DANR, the South Dakota State Historic Preservation Office (SHPO), and the South Dakota Department of Game, Fish, and Parks. The company has satisfied all requisite concerns and comments from every agency involved, including the completion and submission of comprehensive environmental, wildlife, and archaeological studies and reports. In several instances, the company has surpassed the standard requirements for studies, reports and disclosure in order to address any potential concerns pro-actively.

"Securing a public hearing date before the mineral board marks a significant milestone for Nexus and our Chord project," said Jeremy Poirier, chief executive officer. "This hearing represents the final stage in a rigorous and thorough state permitting process that we initiated nearly two years ago. I am proud of the constructive relationships our team has built with state agencies and the high standards we have maintained throughout this process. We look forward to presenting our application before the board and advancing Chord toward a spring/summer drill program."

About the South Dakota Department of Agriculture & Natural Resources

The South Dakota Department of Agriculture & Natural Resources is the state agency responsible for protecting and preserving South Dakota's agriculture, environment and natural resources through effective regulatory services, natural resource conservation, and financial and technical assistance. The DANR Minerals and Mining Program regulates mineral exploration, mining, and oil and gas development in South Dakota. The program ensures that mineral exploration and development is conducted in a manner that minimizes environmental impact and that affected lands are reclaimed and useable after resources have been extracted. Prior to initiating most forms of mineral exploration or development, operators must file a formal notice or obtain a permit from the state.

About Nexus Uranium Corp.

Nexus Uranium is a Canadian exploration company focused on uranium projects in North America. In the United States, the company holds the Chord and Wolf Canyon projects in South Dakota, and the South Pass project in Wyoming. The Great Divide basin project in Wyoming is now under option to Canamera Energy Metals Corp. In Canada, Nexus holds the Mann Lake project in Saskatchewan's Athabasca basin.

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