NexMetals Drills 16.25 Metres of 3.06% CuEq Including 5.28% CuEq over 6.45 Metres Increasing the Selebi North South Limb Plunge Extent by 35%

Executive Summary

• NexMetals reported high‑grade intercepts from drill hole SNUG‑25‑186, extending the South Limb mineralization 315 m down‑plunge beyond the 2024 Mineral Resource Estimate (MRE).
• The hole returned 16.25 m averaging 3.06% CuEq (incl. 10.45 m @ 4.16% CuEq and 6.45 m @ 5.28% CuEq), representing a ~35 % increase in down‑plunge extent of the South Limb.
• Results support potential resource expansion, higher grades, and improved project economics for Selebi North.

Key Details

• Drill Hole SNUG‑25‑186 (South Limb) – 315 m down‑plunge
• Total intersect: 16.25 m @ 3.06% CuEq (1.13 % Cu, 0.94 % Ni).
• Sub‑intercept 1: 10.45 m @ 4.16% CuEq (1.62 % Cu, 1.24 % Ni).
• Sub‑intercept 2: 6.45 m @ 5.28% CuEq (2.30 % Cu, 1.44 % Ni).
• Comparison to prior hole SNUG‑25‑184 (13.50 m @ 3.68% CuEq) – both extend mineralization beyond the current MRE down‑plunge limit of 990 m.
• Down‑plunge extent of South Limb increased by ≈35 % relative to the 2024 MRE.
• Additional drilling ongoing to test strike extension; assay results pending for holes SNUG‑25‑189 and others.
• Assay methodology: BQTK core, half‑core cut on site, analysis by ALS Chemex (peroxide fusion + ICP‑AES). Quality control includes blanks and certified standards every 20 samples.
• Qualified Person: Sharon Taylor, VP Exploration, MSc, P.Geo (NI 43‑101, S‑1300).

Notable Quotes

“The continued extension of high‑grade copper and nickel mineralization at Selebi North is a significant step in the right direction… The results today reinforce our growing confidence and support our strategy of driving additional value through targeted drilling.” – Morgan Lekstrom, CEO & Director, NexMetals Mining Corp.