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NexGold Intersects 1.79 g/t Gold Over 25.6 Metres at the Goldlund Deposit, Ontario

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  • NexGold Mining Corp. announced additional diamond drilling results from its ongoing 25,000-metre program focused on the Goldlund Deposit at the Goliath Gold Complex.
  • The release details 777 metres of drilling across three holes (GL-25-015, GL-25-016, GL-26-009) targeting Zone 4 to infill & expand Inferred Resources at the northeast end of the open pit.
  • Key drill intersections include 1.79 g/t gold over 25.6 metres in GL-25-015, 3.22 g/t gold over 10.5 metres in GL-25-016, & 1.49 g/t gold over 11.0 metres in GL-26-009.
  • Results confirm mineralization continuity over a 100-metre dip extent & demonstrate the deposit remains open at depth.
  • CEO Kevin Bullock stated the infill drilling aims to upgrade resource categorization & build confidence in Mineral Resources consistent with open pit mining.
  • NexGold will issue 639,405 common shares to Sprott Streaming at $1.4618 per share to satisfy a US$675,000 minimum quarterly royalty payment due under the amended Royalty Agreement.
  • The share issuance is scheduled for approximately April 13, 2026, subject to TSX Venture Exchange approval.
  • NexGold confirmed a $60,000 cash payment for investor relations services to Triomphe Holdings Ltd. (dba Capital Analytica) under a six-month consulting agreement with no securities issued.
  • Quality assurance protocols include core sampling at Activation Laboratories Ltd. in Dryden, Ontario, with check assays performed by AGAT Laboratories in Mississauga, Ontario.
  • Paul McNeill, VP Exploration, reviewed & approved the technical disclosure as a Qualified Person under National Instrument 43-101.