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NEWS RELEASE

NEXUS GOLD APPOINTS THOMAS KELLY TO ADVISORY BOARD AND AS COLOMBIA COUNTRY MANAGER

Vancouver, British Columbia - October 20, 2026 - Nexus Gold Corp. (TSX-V: NXS OTC: NXSGF) ("Nexus" or the "Company") is pleased to announce the appointment of Thomas Kelly as the inaugural member of its Advisory Board, effective immediately. The Advisory Board will provide strategic and technical advice to management and will operate independently of the Company's Board of Directors, without director-level governance or decision-making authority. Mr. Kelly has also been appointed Country Manager of Nexus Gold SAS, the Company's Colombian subsidiary.

These appointments are a first step in strengthening Nexus's technical and operational leadership as it advances its strategy of evaluating and acquiring gold projects in Colombia with potential for redevelopment and renewed production.

"Tom brings the practical underground mining and country-level operating experience we need as we build our presence in Colombia," said Edward Kelly, President and CEO of Nexus Gold Corp. "His record of expanding operations, leading technical teams and working with local stakeholders brings an important operating perspective to our project evaluations and investment decisions."

"I am pleased to join Nexus as it builds its business in Colombia," said Mr. Kelly. "Successful projects depend on disciplined technical evaluation, strong local teams and careful execution. I look forward to helping the Company assess opportunities and advance its Colombian strategy."

Colombian Operating Experience

Mr. Kelly served as Country Manager and a director of Antioquia Gold Inc., with responsibility for its Colombian operations from 2020 to 2024. During his tenure, the Cisneros operation expanded processing capacity from approximately 400 to 1,500 tonnes per day. His work included mechanized narrow-vein mining methods designed to improve productivity and control dilution, as well as rockfill techniques to support ore extraction. The operation also implemented community and environmental programs.

Previously, as Chief Operating Officer of Atico Mining from 2013 to 2016, Mr. Kelly oversaw redevelopment and expansion of the El Roble underground copper-gold mine in Choco, Colombia. Work included developing new mining areas and a kilometre-long access adit. During his tenure, the operation advanced underground mining methods, including drift-and-fill mining using cemented rockfill to support underhand extraction.

Country Manager Responsibilities

As Country Manager of Nexus Gold SAS, Mr. Kelly will coordinate the Company's Colombian activities and provide technical leadership and oversight of its local geological, engineering and consulting resources. His responsibilities include overseeing project evaluations and technical due diligence; guiding geological assessments, exploration planning and project development; coordinating with local stakeholders and authorities; and reporting regularly to Nexus management on progress, priorities and material risks.

International Background

Mr. Kelly holds bachelor's and master's degrees in Mining Engineering from the Colorado School of Mines, with a minor in Mineral Economics. He is founder, President and CEO of Andes Colorado Corp., a mining consultancy. His career spans underground and open-pit mining, project development, exploration and corporate leadership in Latin America, North America, Africa and Asia, including assignments with Freeport in Indonesia.

He has served on the boards of Fortuna Silver Mines, Andean Gold, Salazar Resources and Antioquia Gold, and has held senior positions including Country Manager, Chief Operating Officer and Chief Executive Officer.

About Nexus Gold Corp.

Nexus Gold Corp. (TSX-V: NXS OTC: NXSGF) is a Canadian mineral exploration and development company focused on identifying, evaluating and acquiring gold projects in Colombia, with particular emphasis on past-producing assets offering potential redevelopment opportunities. The Company targets assets where technical expertise, operational improvements and access to capital markets may support future development and production.

On behalf of the Board of Directors of Nexus Gold Corp.

Edward Kelly

President and CEO

For further information, please contact:

Edward Kelly, President and CEO

Nexus Gold Corp.

Telephone: +1 (778) 786-0795

Email: info@nexusgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's business strategy in Colombia; its ability to identify, evaluate and acquire mineral projects; the potential redevelopment and future production of past-producing gold projects; anticipated exploration, technical evaluation and development activities; and the expected contributions of Mr. Kelly to the Company's Colombian operations.

Forward-looking statements are based on management's current expectations, estimates, assumptions and beliefs, including assumptions regarding the availability of financing, the identification of suitable acquisition opportunities, the technical and economic potential of prospective projects, the ability to obtain necessary regulatory and environmental approvals, and the Company's ability to execute its business strategy.

Such statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include, without limitation, risks associated with mineral exploration and development, the completion of potential acquisitions, the availability and cost of financing, commodity price fluctuations, political and regulatory developments in Colombia, environmental and permitting requirements, technical and operational challenges, and other risks inherent in the mineral resource industry.

There can be no assurance that the Company will successfully complete any proposed acquisition, that any acquired project will be economically viable, or that any project will be successfully redeveloped or brought into production. Readers are cautioned not to place undue reliance on forward-looking statements. Such statements speak only as of the date of this news release, and the Company undertakes no obligation to update or revise them, except as required by applicable securities laws.