Mr. Edward Kelly reports

NEXUS GOLD ANNOUNCES INTENTION TO AMEND WARRANT TERMS

Nexus Gold Corp. intends to amend the exercise price of 1.68 million common share purchase warrants. The warrants are currently exercisable to purchase one common share at a price of $1.25 until April 30, 2030. Under the terms of the amendment, the exercise price of the warrants will be reduced to 25 cents. All other terms and conditions of the warrants remain the same.

The warrants were previously issued in connection with a non-brokered private placement completed by the company on April 30, 2025, and not in compensation for any services provided to the company. None of the warrants are held by related parties or insiders of the company, and no warrants within this series have previously been exercised. Completion of the amendment remains subject to the approval of the TSX Venture Exchange and will not take effect until such time as approval has been received.

We seek Safe Harbor.