Mr. Orin Baranowsky reports

NEXGOLD REMINDS WARRANT HOLDERS OF UPCOMING EXPIRY

Nexgold Mining Corp. reminds holders of its common share purchase warrants issued pursuant to the company's flow-through private placement completed on Nov. 6, 2024, that the warrants will expire at 5 p.m. Toronto time on Friday, Nov. 6, 2026.

Each warrant entitles the holder to acquire one share of the company at an exercise price of $1.05 until the expiry date. The original financing terms disclosed by the company provided for a 24-month exercise period from Nov. 6, 2024.

As of Oct. 8, 2026, 1,211,250 warrants remain outstanding. Any warrants not exercised in accordance with their terms by 5 p.m. Toronto time on the expiry date will expire and cease to be exercisable.

Holders wishing to exercise their warrants should ensure that all required exercise documentation and funds are delivered in accordance with the terms of the warrants sufficiently in advance of the expiry date. Beneficial holders whose warrants are held through a broker, investment dealer or other intermediary should promptly contact their intermediary regarding the applicable exercise procedures and any deadlines imposed by the intermediary, which may be earlier than the expiry date.

Sprott Royalty -- shares 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 satisfy an upcoming minimum payment of $675,000 (U.S.) due under the royalty agreement through the issuance of 716,619 common shares of the company to Sprott Streaming at a deemed price of $1.3427 per common share.

Under the royalty agreement, Nexgold is required to make minimum payments of $675,000 (U.S.) on a quarterly basis, payable, at the company's election, in cash or common shares. The common shares are proposed to be issued as shares for debt in accordance with Policy 4.3 of the TSX Venture Exchange -- Corporate Finance Policies. The issuance of the common shares has been approved by the board of directors of Nexgold and remains subject to the acceptance of the TSX-V. Subject to receipt of such acceptance, Nexgold expects to issue the common shares to Sprott Streaming on or about Oct. 13, 2026.

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 southeast Alaska.

We seek Safe Harbor.