Mr. Edward Kelly reports

NEXUS GOLD CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION

Effective at the close of business on Oct. 6, 2025, Nexus Gold Corp. will consolidate its common share capital on a one-for-25 basis. Effective at the open of markets on Oct. 7, 2025, the common shares of the company will commence trading on a postconsolidation basis under the existing ticker symbol NXS and the new Cusip No. 65345J303.

The company currently has 100,372,064 common shares outstanding, and, following completion of the consolidation, it is expected that the company will have approximately 4,014,882 shares outstanding.

No fractional shares will be issued in connection with the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded up or down to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the company will receive a letter of transmittal from Endeavor Trust Corp. with instructions on how to exchange existing share certificates for new postconsolidation share certificates.

The company also announces that Alex Klenman has resigned as a director of the company to focus on other ventures. The board of directors thanks Mr. Klenman for his many years of service to the company.

We seek Safe Harbor.