Nexmetals reassays 107 m of 0.94% CuEq at Selkirk

Mr. Morgan Lekstrom reports NEXMETALS RE-ASSAYS RETURN 107 METRES OF 0.94% CUEQ INCLUDING 0.99% CUEQ OVER 91 METRES SHOWING SIZEABLE CONTINUITY OF MINERALIZATION AT SELKIRK Nexmetals Mining Corp. has released reassay results from an initial six holes of its continuing 34-hole resampling program at the past-producing copper, nickel, cobalt and platinum group element Selkirk mine in Botswana. Highlights: adding value and expansion potential: The initial reassay results confirm large intercepts of mineralization within the current mineral resource estimate, as well as outside of the MRE and within the conceptualized pit shell, demonstrating potential for expansion of the deposit; DSLK129 -- within the MRE: 107.0 metres of 0.94 per cent copper equivalent (0.35 per cent copper, 0.31 per cent nickel, 0.56 part per million palladium and 0.13 ppm platinum); Including 91.00 metres of 0.99 per cent CuEq (0.36 per cent Cu, 0.33 per cent Ni, 0.58 ppm Pd and 0.13 ppm Pt); DSLK130 -- outside of the MRE but within the conceptualized pit shell: 123.1 metres of 0.47 per cent CuEq (0.13 per cent Cu, 0.16 per cent Ni, 0.34 ppm Pd and 0.09 ppm Pt); In the past, historical drill holes were inconsistently analyzed for PGEs. The additional value of the PGEs has the potential to expand the MRE. Current cut-off of $25 (U.S.) per tonne net smelter return defined in the MRE translates to 0.46 per cent CuEq; any material above this cut-off grade could be potentially mined. Morgan Lekstrom, chief executive officer of the company, commented: "These early results from Selkirk confirm what we have believed from the beginning: that the deposit is far from being fully defined. The fact that mineralization starts near surface provides even more confidence in Selkirk's potential for open-pit development. Importantly, the reassay program also includes the PGEs that were incompletely tested, and those results are already highlighting the potential to expand the MRE. With ongoing assay results, we are only beginning to see the scale of what Selkirk can become." Assay results are reported below. Technical report The MRE on the Selkirk mine is supported by the technical reports entitled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana," dated Jan. 8, 2025 (with an effective date of Nov. 1, 2024, and "NI 43-101 Technical Report, Selkirk Nickel Project, Northeast District, Republic of Botswana," dated April 12, 2023 (with an effective date of March 31, 2023). Reference should be made to the full text of the technical reports for the assumptions, qualifications and limitations set forth therein, which was prepared in accordance with National Instrument 43-101 and Subpart 1300 of Regulation S-K, and is available on SEDAR+ and EDGAR in each case under Nexmetals' issuer profile. Quality control Historic drill core samples are NQ (47.6-millimetre diameter) that were previously sawn in half. All current samples are one-half core samples that were previously retained for reference purposes. Samples are generally one metre in length and do not correspond to the historic sample intervals. Sample preparation and lab analysis were completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for nickel, copper and cobalt are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Qualified person All scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, vice-president, exploration, of the company, MSc, PGeo, a qualified person for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K. About Nexmetals Mining Corp. Nexmetals is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resource mines owned by the company in the Republic of Botswana. Nexmetals is committed to governance through transparent accountability and open communication within its team and its stakeholders. Nexmetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the company's Selebi and Selkirk mines. Senior team members each have on average more than 20 years of experience spanning geology, engineering, operations and project development. We seek Safe Harbor.