NexMetals Intersects 32.60 Metres of Mineralization at Selebi North Bridging Major Step-Out Holes & Strengthening MRE Expansion

Executive Summary

• NexMetals intersected a massive sulphide interval of 32.60 m (true thickness ≈ 60‑65%) in drill hole SNUG‑25‑194 at the Selebi North Underground (“SNUG”) deposit – the thickest intercept recorded in its 2025 resource expansion program.
• The result bridges two previously stepped‑out holes (SNUG‑25‑184 and SNUG‑25‑186), confirming down‑plunge continuity of mineralization and supporting a potential expansion of the Selebi North Mineral Resource Estimate (MRE).
• Assays are pending; BHEM surveys and additional drilling are planned to further delineate strike extent and incorporate the new data into an updated MRE.

Key Details

• Intercept: 32.60 m continuous mineralization, including 19.90 m of massive sulphide across five sub‑intervals.
• True Thickness Estimate: 60‑65% (consistent with geological models for the South Limb).
• Purpose of Hole SNUG‑25‑194: Designed to bridge mineralization between step‑out holes SNUG‑25‑184 (183 m down‑plunge) and SNUG‑25‑186 (130 m further step‑out).
• Implication: Demonstrated continuity will be incorporated into a future updated MRE, potentially expanding the resource envelope.
• Assay Status: Results for SNUG‑25‑194 and two additional holes are pending.
• Next Steps:
• Conduct Borehole Electromagnetic (BHEM) surveys to map conductive trends associated with the new massive sulphide intersect.
• Continue drilling to further demonstrate scale, continuity, and expansion potential of the Selebi North deposit.
• Technical Review: Information reviewed and approved by Sharon Taylor, VP Exploration (Qualified Person under NI 43‑101 and Reg S‑K).
• Quality Control: Drilling performed by Forage Fusion Drilling Ltd.; core BQTK 40.7 mm; samples analyzed at ALS Chemex (Johannesburg) with certified control standards.

Notable Quotes

“This is a critical confirmation point for Selebi North. By bridging two major step‑out holes and intersecting significant massive sulphide intervals, we have validated the down‑plunge continuity and further strengthened our geological model.” – Morgan Lekstrom, CEO