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NexGen Announces Largest Ever Scholarship Program for Northern Saskatchewan Youth

Exploration Programs

NexGen Announces Largest Ever Scholarship Program for Northern Saskatchewan Youth

• Largest ever in program history – 8 scholarships in 2025 and 38 since inception.

• Scholarship recipient’s representative of communities across the Local Priority Area (“LPA”).

• Scholarship Recipients have participated in multiple NexGen community programs since

2017, including the Summer Student Program and training initiatives where 123 and 522

respectively, have participated since inception.

Vancouver, BC, September 16, 2025 - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG )

("NexGen" or the "Company") is proud to announce the launch of its largest ever scholarship program,

with the award of 8 scholarships for the 2025-26 academic year, doubling the number of young LPA leaders

who will launch from their post -secondary academic pursuits as well as continued mentorship and

employment opportunities. These students have all been through NexGen’s extensive community focused

programs and are members of the LPA communities highlighting NexGen’s long -term focus on a holistic

approach to community and career advancement initiatives.

Initiated in 2017, NexGen’s scholarship program identifies these students in partnership with education

institution faculty in the LPA and provides pathways for students attending post-secondary education. To

date, the program has awarded 38 scholarships, supporting young community leaders across a broad range

of academic pursuits including Trades, College, and University programs. The 2025 -26 program is

representative of communities local to the Rook I Project, with students from Clearwater River Dene Nation

(CRDN), Metis Nation Local Region 2 ( MN-S R2), Birch Narrows Dene Nation (BNDN) and Buffalo River

Dene Nation (BRDN).

Leigh Curyer, Chief Executive Officer, commented: “We are extremely proud to be expanding this important

program for the benefit of motivated and deserving young leaders from across the LPA. These scholarships

represent an average of $10,000 per year for each of the 38 students to date covering their educational

needs for advanced technical studies. The scholarship program compliments a series of long-standing

impactful initiatives that NexGen has been driving since 2013, focused on mentoring and empowering LPA

youth to achieve personal and academic success at unprecedented levels. From health and wellness, to

education, to trades training and certification for long -term careers, w e look forward to seeing the

exponential growth of all these programs when construction commences immediately upon final Federal

approval of our generational Rook I Project. On behalf of the entire NexGen team, we congratulate this

dedicated group of students on their scholarship awards and look forward to continuing to mentor and

support them through their academic and professional journey.”

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The

Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium

mine globally, incorporating the most elite environmental and social governance standards. The Rook I

Project is supported by an N.I. 43-101 compliant Feasibility Study , which outlines the elite environmental

performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining

industry professionals with expertise across the entire mining life cycle, including exploration, financing,

project engineering and construction, operations and closure. NexGen is leveraging its proven experience

to deliver a Project that leads the e ntire mining industry socially, technically and environmentally. The

Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic,

environmental, and social benefits for Saskatchewan, Canada, and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol

"NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global

investors to participate in NexGen's mission of solving three major global challenges in decarbonization,

energy security and access to power. The Company is headquartered in Vancouver, British Columbia, with

its primary operations office in Saskatoon, Saskatchewan.

Contact Information

Leigh Curyer

Chief Executive Officer

NexGen Energy Ltd.

+1 604 428 4112

[email protected]

www.nexgenenergy.ca

Travis McPherson

Chief Commercial Officer

NexGen Energy Ltd.

+1 604 428 4112

[email protected]

www.nexgenenergy.ca

Monica Kras

Vice President, Corporate Development

NexGen Energy Ltd.

+44 7307 191933

[email protected]

www.nexgenenergy.ca

Forward-Looking Information

The information contained herein contains "forward -looking statements" within the meaning of applicable

United States securities laws and regulations and "forward -looking information" within the meaning of

applicable Canadian securities legislation. "Forward -looking information" includes, but is not limited to,

statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook

I Project and estimates of uranium production, grade and long -term average uranium prices, anticipated

effects of completed drill results on the Rook I Project, planned work programs, completion of further site

investigations and engineering work to support basic en gineering of the project and expected outcomes.

Generally, but not always, forward-looking information and statements can be identified by the use of words

such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends ",

"anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or

state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be

achieved" or the negative conno tation thereof. Statements relating to "mineral resources" are deemed to

be forward-looking information, as they involve the implied assessment that, based on certain estimates and

assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs,

assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it

operates. Forward -looking information and statements are m ade based upon numerous assumptions,

including among others, that the mineral reserve and resources estimates and the key assumptions and

parameters on which such estimates are based are as set out in this news release and the technical report

for the property , the results of planned exploration activities are as anticipated, the price and market supply

of uranium, the cost of planned exploration activities, that financing will be available if and when needed

and on reasonable terms, that third party contr actors, equipment, supplies and governmental and other

approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms

and in a timely manner and that general business and economic conditions will not change in a material

adverse manner. Although the assumptions made by the Company in providing forward looking information

or making forward looking statements are considered reasonable by management at the time, there can be

no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and

other factors, which may cause actual results, performances and achievements of NexGen to differ

materially from any projections of results, performances and achievements of NexGen expressed or implied

by such forward -looking information or statements, including, among others, the existence of negative

operating cash flow and dependence on third party financing, uncertainty of the availability of additional

financing, the risk that pending assay results will not confirm previously announced preliminary results,

conclusions of economic valuations, the risk that actual results of exploration activities will be different than

anticipated, the cost of labour, eq uipment or materials will increase more than expected, that the future

price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of

energy to uranium -produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that

mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation

activities are greater than expected, that changes in project parameters and plans continue to be refined

and may result i n increased costs, of unexpected variations in mineral resources and reserves, grade or

recovery rates or other risks generally associated with mining, unanticipated delays in obtaining

governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation,

reliance upon key management and other personnel, deficiencies in the Company's title to its properties,

uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and

licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors

or other risks as more fully described in NexGen's Annual Information Form dated March 6, 2024 filed with

the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with

the United States Securities and Exchange Commission, which are available on SEDAR

at www.sedar.com and Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in the forward -looking information or statements or implied by forward -

looking information or statements, there may b e other factors that cause results not to be as anticipated,

estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information

or statements due to the inherent uncertainty thereof.

There can be no assurance that forward -looking information and statements will prove to be accurate, as

actual results and future events could differ materially from those anticipated, estimated or intended.

Accordingly, readers should not place undue reli ance on forward -looking statements or information. The

Company undertakes no obligation to update or reissue forward -looking information as a result of new

information or events except as required by applicable securities laws.