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NexGold Announces Management Changes

Management Changes

NexGold Announces Management Changes

TORONTO, Aug. 27, 2025 -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “ Company”)

announces that Jeremy Wyeth has stepped down from the position of Chief Operating Officer of the Company as a result of a

restructuring of its executive management team. This organizational restructuring creates an efficient and effective flat line

structure to allow for direct communication and faster decision-making as the Company accelerates towards its next exciting

phase.

"I want to thank Jeremy for his significant commitment and contribution to NexGold over the past several years. Jeremy has

had a critical impact on the development of the Goliath Gold Complex, and we wish him well in his future endeavours," said

Jim Gowans, Chairman of the Board of Directors.

The Company also announces that Rachel Pineault has stepped down from the position of Executive Vice President,

Governance and Corporate Affairs of the Company.

“Rachel has made significant contributions to NexGold through the Company’s corporate and community affairs over the last

several years and we wish her well in her future endeavours,” said Kevin Bullock, President and CEO of NexGold.

About NexGold Mining Corp.

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Gold Complex (which

includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located

in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold

Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade

Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to

inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our

Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of

social value, and promoting community wellbeing.

Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the

Goldboro Gold Project, are available under the Company’s issuer profile on www.sedarplus.ca and on NexGold’s website at

www.nexgold.com.

Contact:  

Kevin Bullock

President & CEO

(647) 388-1842

[email protected]

Orin Baranowsky

Chief Financial Officer

(647) 697-2625

[email protected]

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 news release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information contained herein.