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NXS.V ·

Nexus Gold Announces Grant of Stock Options

Share Capital & Compensation

NEXUS GOLD CORP.

Suite 802, 750 West Pender Street Vancouver, BC V6C 2T7 Telephone: 604.558.1920

NEWS RELEASE

NEXUS GOLD ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, Canada – August 13, 2019 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E) announces that the Company will grant 2,500,000 incentive stock options to certain directors, officers and consultants of the Company at an exercisable price of $0.10 for a period of sixty months. The options will vest immediately.

About the Company

Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting developmental phases on its five 100%-owned Canadian projects, namely the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and three prospective gold-copper projects (3,300-ha) in the province of Newfoundland. For more information please visit www.nexusgoldcorp.com.

On behalf of the Board of Directors of

NEXUS GOLD CORP.

Alex Klenman President & CEO 604-558-1920 [email protected] www.nexusgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.