Nexmetals drills 32.6 m of mineralization at Selebi N.

Mr. Morgan Lekstrom reports NEXMETALS INTERSECTS 32.60 METRES OF MINERALIZATION AT SELEBI NORTH BRIDGING MAJOR STEP-OUT HOLES & STRENGTHENING MRE EXPANSION Nexmetals Mining Corp. has intersected significant massive sulphide mineralization within a newly completed drill hole at Selebi North underground, confirming the down plunge continuity of mineralization. This intersection represents the thickest interval of mineralization drilled by Nexmetals in its 2025 resource expansion program and will be included in the future updated mineral resource estimate. Assays are pending for SNUG-25-194 and an additional two holes. Why this matters: SNUG-25-194 intersected 32.60 metres of continuous mineralization at Selebi North South limb, including an aggregate total of 19.90 metres of massive sulphide across five subintervals. True thickness is estimated at 60 to 65 per cent, which is consistent with geological interpretations of the South limb. Drill hole SNUG-25-194 was designed to bridge mineralization between two widely spaced resource expansion drill holes SNUG-25-184, located 183 metres down plunge from the current MRE, and SNUG-25-186, a further 130-metre stepout (see news releases dated June 30 and Aug. 13, 2025). The demonstrated continuity between these two major stepouts and results from additional strike stepouts from the resource expansion program can be incorporated into a future MRE update, supporting a potential expansion of the resource envelope. Next steps: Borehole electromagnetic surveys are planned to characterize the conductive trends associated with the newly intersected massive sulphides to confirm continuity and outline strike extent. Initial interpretations indicate that the new data will contribute to resource expansion in an updated MRE. Continuing drilling to further demonstrate the scale, continuity and expansion potential of the Selebi North deposit. Morgan Lekstrom, chief executive officer of the company, commented: "This is a critical confirmation point for Selebi North. By bridging two major stepout holes and intersecting significant massive sulphide intervals, we have validated the down plunge continuity and further strengthened our geological model. Once assays are received, these results will be incorporated into the updated MRE, reinforcing Selebi North's scale, quality and expansion potential." 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. Quality control The underground drilling program is being carried out through an agreement with Forage Fusion Drilling Ltd. of Hawkesbury, Ont., Canada, which has provided three Zinex U-5 drills for purchase and training of local operators. Drill core samples are BQTK (40.7-millimetre diameter). All samples are one-half core cut by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0- to 1.5-metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis were completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified copper/nickel 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). Technical report The MRE on the Selebi mine is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana," and dated Sept. 20, 2024 (with an effective date of June 30, 2024), and prepared by SLR Consulting (Canada) Ltd. for Nexmetals. Reference should be made to the full text of the Selebi technical report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ under Nexmetals' issuer profile. 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.