File: '\\swfile\EmailIn\20260806 141236 Attachment Nexus Gold Corp. - News Release - Warrant Repricing Final.docx'

LEGAL*72766967.1

NEXUS GOLD CORP.

NEWS RELEASE

NEXUS GOLD ANNOUNCES INTENTION TO AMEND WARRANT TERMS

Vancouver, British Columbia - August 6, 2026 - NEXUS GOLD CORP. (the "Company") (TSX.V: NXS) announces that it intends to amend (the "Amendment") the exercise price of 1,680,000 common share purchase warrants (the "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 $0.25. 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.

ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.

"Edward Kelly"

Edward Kelly, Chief Executive Officer

For further information please contact:

Edward Kelly, Chief Executive Officer

info@nexusgoldcorp.com

Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the 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.