Nexus Gold Corp. (TSX.V: NXS) is a Canadian-based gold exploration and development company with a portfolio of 11 projects in Canada and West Africa.

Within Canada the company has 6, 100% owned projects in 3 provinces with over 5,000 hectares (50-sq km) of prospective ground, in premier mining districts. Based on previous data, historical drilling suggests high-grade mineralization potential of gold, copper, and silver targets.

Within West Africa the company has district scale land packages of over 75,000 hectares (750-sq Km), located in proven and prolific gold belts. These assets have completed multiple drill programs, and have established multiple mineralized zones.

Currently the company is undergoing a 3,000m drill program on their 100% owned Dakouli 2 gold concession - 9,800 hectares (98-sq km) located in Burkina Faso, West Africa. The Dakouli 2 permit is located in the Goren greenstone belt, proximal to Nordgold's Bissa mine, and is bisected by the gold-bearing Sabce shear zone. Bissa has grown into a world-class mine and is the largest Nordgold operation in West Africa, reaching its full production capacity in just two months following launch. It is a multiple open-pit operation using a simple process flowsheet with robust Carbon-in-Leach (“CIL”) design well suited to the treatment of free milling gold. Nordgold is a private company owned by Russian Billionaire Alexey Mordashov and his sons, Kirill and Nikita, with a stake of approximately 99.94% in the Company.

To date 40 grab samples have been recovered from Dakouli 2 by Company geologists, with 11 of the 40 grab samples assaying in excess of 10 g/t Au, including, in addition to the sample noted above, high-grade grab samples of 27.5, 29.5, 12.4, 11.1, 17.6, 10.8, 10.9, 12.8 and 49.7 g/t Au.

"We have a large area with multiple target zones to drill; this is just the start," said president and chief executive officer Alex Klenman. "Dakouli is a compelling project for discovery and this is the first time it's been drilled. It contains a lot of positives you like to see prior to putting a drill down. The mineralized footprint, as defined by the artisanal mining presence, is significant. With the pandemic affecting travel, it's taken a few extra days to get the crew situated in country and at the site, but we're ready to go," continued Mr. Klenman.

In Canada, Nexus Gold has been developing their McKenzie Gold Project in Red Lake, Ontario. The Company recently conducted two drill campaigns on the 1,398.5-hectare project. Based on historical drilling, it has already confirmed the presence of narrow, gold-bearing veins in the St. Paul’s Bay region of the southernmost section of the property. The first phase drill program intercepted (see Company news release dated August 18, 2020):

· 1.5m length assaying between 3.42 g/t Au to 7.43 g/t Au,

· 2.75m of 13.25 g/t Au (including 1m of 36.2 g/t Au)

The second phase of this drill program recovered two significant, lengthy mineralized intercepts, including (see Company news release dated September 3, 2020):

· 117.4m of .33 g/t Au (including 9.4m of 1.26 g/t Au),

· 117.5m of .62 g/t Au (including 55.5m of 1 g/t Au, including 16m of 1.42 g/t Au),

·  6m of 2.37 g/t Au

After completion of the successful phase two drill program, Nexus Gold has identified a second style of gold mineralization at McKenzie Gold. It is also notable that this type of mineralization more closely resembles Premier Gold Mines’ (TSX: PG) nearby past-producing Hasaga Mine, located approximately five kilometers east of McKenzie, which is estimated to host and Indicated mineral resource of 1.12M ounces of gold grading .83 g/t Au*. Premier Gold is currently trading at $2.56, with 237M shares outstanding, giving it a market cap of $606M as of today.

Currently the company has 94.8M shares outstanding. As of today, (TSX.V: NXS) traded last at $0.05, giving it a market cap of $4.75M. The 52 week high/low is $0.14/$0.025 respectively.

Management is extremely well versed in exploration and development assets.

ALEX KLENMAN

PRESIDENT, CEO & DIRECTOR

Mr. Klenman brings over 30 years of business development, finance, marketing, media and corporate communications experience to his lead role with Nexus. He served as Vice President, Corporate Finance for Columbia Star Resources, the precursor of Nexus Gold, from 2012 through 2015, and subsequently as Chairman and Chief Operating Officer of the company from 2015 through May 1, 2018.  He has held senior management and board positions in both the public and private sectors, and currently sits on the boards of multiple public companies.  Prior to 2012, Mr. Klenman also served as a communications consultant for several TSX Venture listed resource companies, including Roxgold Inc., Integra Gold, Forum Uranium, Midnight Sun Mining, and others.  In addition, Mr. Klenman also spent ten years in broadcasting, which included notable board positions with CKVU Television in Vancouver and Canwest Pacific Television. He is also currently president & CEO of Azincourt Energy Corp. (TSX.V: AAZ).

J. IAN STALKER

NON-EXECUTIVE CHAIRMAN & DIRECTOR

Mr Stalker has more than 45 years of development and operational mining experience in countries around the world, including over a decade working in West Africa. Among his many senior executive positions, he was Managing Director of Ashanti Goldfields Co. Limited (later to become AngloGold Ashanti); Vice President of Gold Fields Ltd., at one point the world’s fourth largest gold producer; and Chief Executive Officer & Director of Brazilian Gold Corp., among others. He was also Chief Executive Officer of UraMin, a publicly-listed uranium company, from 2005 through 2007, when it was acquired by Areva for $2.5 billion.

Among his current titles, Mr. Stalker, President & CEO of LSC Lithium, and Director with K92 Mining Inc., a TSXV listed company that is operating a high-grade gold mine in Papua New Guinea. In January 2019, LSC Lithium announced it had accepted a $111 million buyout offer.

Mr. Stalker has successfully managed over ten mining projects through feasibility study, development and construction phases. Among those companies he has held senior management positions he has overseen significant market cap growth. Over the past decade he has been active in multiple M&A initiatives and has been directly involved in the raising of over $500-million in capital investment for mining projects around the world.

With an experienced management team, that has overseen multiple exploration to development to production assets, Nexus Gold (TSX.V: NXS) is positioned perfectly from all the current financial uncertainties the world is facing due to the aftereffects of the Covid-19 pandemic.

DISCLAIMER: Nexus Gold Corp. is a marketing client

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