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NEXM.V ·

NexMetals Appoints David Eichenberg as Vice President, Geology and Grants Equity Incentive Awards

Management Changes Share Capital & Compensation

NexMetals Appoints David Eichenberg as Vice

President, Geology and Grants Equity

Incentive Awards

Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) -

NexMetals Mining Corp. (TSXV:

NEXM) (NASDAQ: NEXM)

("

NEXM

" or the "

Company

") is pleased to announce that it has appointed

Mr. David Eichenberg as Vice President, Geology, effective immediately. The Company also announces

that it has granted equity incentive awards to certain officers, employees and consultants pursuant to the

Company's Omnibus Equity Incentive Plan (the "

Plan

").

Mr. Eichenberg is a veteran Geoscientist and leader with 28 years of global experience in mining, study-

level projects, exploration and project generative roles. He began his career with DeBeers and held

senior technical leadership roles with Rio Tinto. Most notably, he served as Chief Geoscientist and

Qualified Person at the Diavik Mine, where he led technical operations with care and controlled the

resource through multiple open-pit and underground mine developments. David's extensive international

portfolio spans Canada, Democratic Republic of Congo, Zimbabwe, Namibia, Botswana, South Africa,

and Madagascar, where he generated targets and led exploration projects focused on copper, nickel,

diamonds, uranium, heavy minerals, and iron ore.

He is recognized for building high performing technical

teams to deliver the critical data needed to advance projects and support mine operations. Throughout

his career, David has remained committed to technical and safe operational excellence while delivering

the quality data and clarity needed for organizations to make next-step decisions.

Sean Whiteford, CEO of the Company, commented:

"David brings deep technical expertise and

operational experience across both exploration and producing assets. His track record of building

disciplined geological teams and advancing projects with high quality data aligns directly with our

strategy as we continue to derisk these assets. We are very pleased to welcome him to NexMetals."

Equity Incentive Grants

The Board of Directors has approved the grant of restricted share units ("

RSUs

") representing an

aggregate of 134,300 common shares to certain officers, employees and consultants. Of this amount,

47,800 RSUs will vest on the first anniversary of the date of grant. The remaining 86,500 RSUs will vest

as to one half on the second anniversary of the date of grant and one half on the third anniversary of the

date of grant. The RSUs were granted at a deemed price of $5.80, representing the 10-Day volume

weighted average price of the Company's shares on the TSX Venture Exchange as of January 27, 2026.

The Company has also granted 50,000 stock options of the Company ("

Options

") to certain consultants

pursuant to the Plan. The Options have an exercise price of C$8.00 per share, vest immediately, and

have a two-year term from the date of grant.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company

focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group

element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical

estimates, supported by NI 43-101-compliant resource estimates, with ongoing down-hole geophysics,

drilling, and metallurgical programs aimed at expanding resources and supporting future economic

studies. The Company is led by an experienced management and technical team with a proven track

record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-

term stakeholder value creation.

For further information about NexMetals Mining Corp., please contact:

Sean Whiteford

CEO

[email protected]

Jaclyn Ruptash

V.P., Communications and Investor Relations

[email protected]

1-833-770-4334

Follow Us

X:

https://x.com/NexMetalsCorp

LinkedIn:

https://www.linkedin.com/company/NexMetalsMiningCorp

Facebook:

https://www.facebook.com/NexMetalsMiningCorp

Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts

responsibility for the adequacy or accuracy of this news release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information

contained herein.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/282345