NexGold Infill Drilling Intersects 25.79 g/t Gold Over 4.5 Metres and 18.09 g/t Gold over 3.0 Metres at the Goldboro Gold Project

Core Viewpoint - NexGold Mining Corp. is progressing well with its 25,000-metre diamond drill program at the Goldboro Project in Nova Scotia, aimed at improving geological and grade continuity of the open pit Mineral Resource [1][4] Drilling Program Update - The drill program, initiated on January 22, 2025, is nearing completion, with final assays expected by mid-Q3 2025 [1] - Currently, 31 drill holes, approximately 24% of the total, have been released, showing consistent gold mineralization with additional intersections in previously unpredicted areas [3][4] Assay Results - Recent assay results from 18 infill diamond drill holes total 2,775.3 metres, primarily from the proposed west pit [2] - Selected drill intersections include: - 25.79 g/t gold over 4.5 metres in hole BR-25-522, including 227.0 g/t over 0.5 metres [5] - 18.10 g/t gold over 3.0 metres in hole BR-25-489, including 52.57 g/t over 1.0 metre [5] - 2.27 g/t gold over 11.35 metres in hole BR-25-491 [5] Geological Model and Resource Estimate - The results confirm the existing geological model while indicating the need for adjustments to mineralized solids based on local variations [4] - The data will contribute to a new Mineral Resource Model, which will be the basis for a planned Feasibility Study Update later in 2025 [4][3] Company Overview - NexGold Mining Corp. focuses on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [17] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [17]