NexGold Intersects 40.09 g/t gold over 17.7 Metres at the Goldboro Open Pit Gold Project

Executive Summary

• NexGold released assay results for an additional seven infill diamond drill holes (BR‑25‑570, ‑579, ‑584, ‑586, ‑605, ‑606, ‑607), adding 1,309.2 m of core to its 26,854‑m program.
• High‑grade intercepts were identified, including a standout 40.09 g/t Au over 17.7 m (including 1,010 g/t Au over 0.5 m) in hole BR‑25‑570 and multiple >10 g/t zones.
• The company now has assay results for 118 holes (~84% of the infill program), supporting ongoing resource upgrades and informing an updated Feasibility Study slated for H2 2025.

Key Details

• Program Scope: Total 26,854 m diamond drill program announced Jan 22 2025; additional seven holes add 1,309.2 m (west pit).
• Assay Highlights:
• BR‑25‑570 – 40.09 g/t Au over 17.7 m (120.5–138.2 m); includes 1,010 g/t Au over 0.5 m and 220 g/t Au over 0.5 m.
• BR‑25‑570 – 6.75 g/t Au over 18.0 m (225.5–243.5 m); includes 94.2 g/t Au over 0.5 m.
• BR‑25‑606 – 10.54 g/t Au over 6.6 m (34.0–40.6 m); includes 53.30 g/t Au over 1.0 m.
• BR‑25‑579 – 17.61 g/t Au over 1.6 m (18.4–20.0 m); includes 46.4 g/t Au over 0.6 m.
• Additional intercepts ranging from 0.29 g/t to 24.10 g/t across the seven holes (see Table 2 for full list).
• Drill Hole Geometry:
• Lengths range 128.8–293.0 m; azimuths primarily 0° or 180°, inclinations –45° to –90°.
• Coordinates provided in UTM NAD83 Zone 20 (e.g., BR‑25‑570: Easting 606,770; Northing 5,006,391).
• Assay Methodology: Fire assay (30 g) with AA finish; QA/QC includes blanks, certified reference standards, duplicate samples, and check assays at Eastern and ALS labs.
• Resource Impact: Results reinforce existing mineralization models for both west and east pits; will be incorporated into a Mineral Resource Estimate planned for H2 2025 and may support an updated Feasibility Study.
• Progress to Date: 118 of 140 planned infill holes (≈84%) now reported; remaining assays expected in coming weeks.

Notable Quotes

“The high grades over considerable thicknesses encountered in recent drilling will be important to the ongoing work on the Goldboro Mineral Resource and mine planning… We anticipate final assays from the full drill program to be returned in the coming weeks and are looking forward to using that information in an updated Mineral Resource which will ultimately inform the planned updated Feasibility Study.” – Kevin Bullock, President & CEO

All technical data reviewed by Paul McNeill, P.Geo., VP Exploration (Qualified Person).