Mr. Kevin Bullock reports

NEXGOLD INTERSECTS 1.79 G/T GOLD OVER 25.6 METRES AT THE GOLDLUND DEPOSIT, ONTARIO

Nexgold Mining Corp. has provided additional results from the continuing diamond drilling program at the company's Goliath gold complex, which includes the Goliath, Goldlund and Miller deposits (see Nexgold's news release dated Jan. 28, 2026). The drill program, which comprises up to 25,000 metres, is focused on the Goldlund deposit, with holes designed to infill and potentially expand open-pit mineral resources. The results presented in this news release include 777 metres (m) of diamond drilling in three drill holes (GL-25-015, GL-25-016 and GL-26-009) that infill and expand mineralization in zone 4 of the Goldlund deposit and specifically within inferred resources located at the northeast end of the open-pit mineral resource.

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

• 1.79 grams per tonne (g/t) gold over 25.6 metres (from 215.0 to 240.6 metres), including 13.70 g/t gold over 1.0 metre and 6.59 g/t gold over 1.0 metre, in drill hole GL-25-015;
• 3.22 g/t gold over 10.5 metres (from 100.0 to 110.5 metres), including 25.90 g/t gold over 0.8 metre and 10.60 g/t gold over 0.6 metre, in drill hole GL-25-016;
• 1.49 g/t gold over 11.0 metres (from 163.0 to 174.0 metres), including 5.26 g/t gold over 1.0 metre and 4.53 g/t gold over 1.0 metre, in drill hole GL-26-009.

These drill results are in the same general area of zone 4 mineralization, where previously reported drill intersections were announced and confirm those previous intersections over an approximately 100-metre dip extent. Previously reported highlights (see Nexgold's news release dated Feb. 25, 2026) from this area include:

• 2.31 g/t gold over 21.5 metres (from 238.6 to 260.1 metres), including 30.10 g/t gold over 0.7 metre, 24.5 g/t gold over 0.5 metre and 7.64 g/t gold over 0.9 metre, in drill hole GL-25-011;
• 2.34 g/t gold over 10.2 metres (from 199.3 to 209.5 metres), including 15.80 g/t gold over 0.7 metre and 5.08 g/t gold over 0.8 metre, in drill hole GL-25-013.

Kevin Bullock, president and chief executive officer of Nexgold, commented: "Our infill drill program at Goldlund continues to support the company's ongoing efforts to optimize the Goliath gold complex. The drill results reported today demonstrate continuity of zone 4 mineralization at deeper levels of open-pit mineral resources. I am encouraged by these results, along with those previously reported from this area, which continue to demonstrate a strong tenor of gold mineralization over a 100-metre dip extent and remain open at depth.

"Looking ahead, our objectives for this program are clear -- upgrade the resource categorization at Goldlund and build mineral resource confidence at depths consistent with open-pit mining. To this effect, we are drilling this area of inferred mineral resources at a spacing consistent with indicated mineral resources at other areas of the deposit. I look forward to keeping the market updated on our progress as drilling continues."

Mineralization at the Goldlund deposit is generally characterized by quartz stockwork veining within subvertical 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 continuing 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 designed throughout this program have been distributed across the strike of zone 4 with GL-25-015, GL-25-016 and GL-26-009, located toward the northeast end of the zone. These new holes are near previously reported drill holes GL-25-011 and GL-25-013, which intersected 2.31 g/t gold over 21.5 metres and 2.34 g/t gold over 10.2 metres, respectively (see Nexgold's news release dated Feb. 25, 2026). Gold intersected in these holes further demonstrates the continuity of mineralization and the potential for resource expansion in zone 4 as additional targets are drilled along strike and downdip.

Sprott royalty -- share-for-debt issuance

Pursuant to the terms of a royalty agreement with Sprott Resources Streaming and Royalty Corp. announced on Feb. 14, 2022, and amended on May 1, 2024, the company has elected to issue 639,405 common shares to Sprott Streaming at a deemed price of $1.4618 per common share in satisfaction of an upcoming minimum payment of $675,000 (U.S.) due under the royalty agreement. The royalty agreement requires Nexgold to make $675,000 (U.S.) minimum payments every quarter, in cash or common shares (at Nexgold's election). The common shares will be issued as shares for debt, in accordance with Policy 4.3 of the TSX Venture Exchange corporate finance policies. Nexgold expects to issue the common shares to Sprott Streaming on or about April 13, 2026. The payment was approved by the board of directors of Nexgold and is subject to approval of the TSX Venture Exchange.

Investor relations services

Further to its March 25, 2026, announcement, the company confirms that the $60,000 cash consideration for investor relations and communication services under its March 24, 2026, consulting agreement with Triomphe Holdings Ltd. (doing business as Capital Analytica) is payable upfront. The agreement is for a six-month term, with an option to further renew for an additional six months. No securities will be issued in connection with the engagement. The engagement remains subject to the approval of the TSX-V.

QA/QC (quality assurance/quality control)

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. The drill core is sawed in half, with one-half of the core sample dispatched to Activation Laboratories Ltd. facility located in Dryden, Ont. 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 10th sample in the sample stream. A quarter-core duplicate is assayed every 20th sample. The laboratory 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 ISO-certified laboratory (in this case AGAT Laboratories located in Mississauga, Ont.) following the completion of a program.

Qualified person

Paul McNeill, PGeo, vice-president of exploration of Nexgold, is considered a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed 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-per-cent interest in the high-grade Niblack copper-gold-zinc-silver VMS (volcanogenic massive sulphide) project in southeastern Alaska. Nexgold is committed to continuing 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 SEDAR+ and on Nexgold's website.

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