News release
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NEWS RELEASE TSXV: NEXG; OTCQX: NXGCF July 9, 2026
NexGold Intersects 12.06 g/t Gold over 6.0 Metres and 3.84
g/t Gold over 18.0 Metres During Infill Drill Program at
Goldboro
TORONTO, July 9, 2026 – NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the
“Company”) is pleased to report additional assay results from its ongoing Reverse Circulation (“RC”) infill
drill program (the “RC Infill Drill Program”) at the Company’s Goldboro Gold Project (“Goldboro” or the
“Goldboro Project”) in Nova Scotia. Based on the success of the program to date and the potential to
further enhance confidence in near-surface mineralization, the Company has elected to expand the RC
Infill Drill Program from approximately 30,000 metres to 40,000 metres.
The RC Infill Drill Program is focused on selected areas of the Goldboro Deposit and is designed to infill
specific areas of the Goldboro Mineral Resource within the West and East pits at a nominal drill spacing
of 12.5 metres and down to depths of 50 metres (Figures 1 and 2).
Kevin Bullock, President, CEO & Director of NexGold, commented: “ I am encouraged by the results
generated to date from our RC Infill Drill Program at Goldboro . The drilling continues to confirm the
continuity, tenor and thickness of near -surface mineralization within the proposed W est pit area at a
higher level of detail. The program is also providing additional geological and grade information in areas
that are currently contemplated in the early years of the Goldboro mine plan. Given the success of the
program to date, combined wi th the proceeds from our recently -completed C$10 million flow- through
financing, we have elected to expand the RC Infill Drill P rogram to further evaluate and better define
near-surface mineralization within the West and East pits.
“The information generated through this program is expected to support ongoing geological modelling,
Mineral Resources refinement, and mine planning activities at Goldboro, while also informing the
Company’s evaluation of a potential construction decision on the project. The expanded program is
approximately 62% complete and is expected to continue into the fourth quarter of 2026. We look forward
to providing further updates as additional assay results become available.”
Drill results in this news release represent 3,420 metres of drilling from 72 RC drill holes (RC-26-084 to
RC-26-152, RC -26-197, RC-26-206 and RC- 26-207) from the west pit ( Table 1 ). Cumulatively, the
Company has released results for 154 drill holes representing a total of 6,685 metres, with additional
holes pending assay and more arriving to the lab daily . Based on QA/QC procedures and data as well
as comparisons to previous drilling and recent modelling, the drill results are considered geologically
representative of mineralization. Drilling has intersected mineralization at Goldboro typical of the deposit
and confirmed mineralization at more detail but in similar tenor of grade and thickness as those
intersected in diamond drill holes within the same area but at a broader spacing as shown on vertical
cross sections I-S (Figure 3). A full table of significant gold intersections are provided in Table 2 below.
Selected highlights from the RC Infill Drill Program include:
• 12.06 g/t Au over 6.0 m etres (from 44.0 m etres to 50.0 m etres), including 67.41 g/t Au over
1.0 metres (from 47.0 metres to 48.0 metres) in drill hole RC-26-147;
• 3.84 g/t Au over 18.0 m etres (from 30.0 m etres to 48.0 m etres), including 28.04 g/t Au over
1.0 metres (from 36.0 metres to 37.0 metres) and including 15.46 g/t Au over 1.0 m etres (from
43.0 metres to 44.0 metres) in drill hole RC-26-102;
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• 4.13 g/t Au over 10.0 m etres (from 11.0 m etres to 21.0 m etres), including 29.03 g/t Au over
1.0 metres (from 15.0 metres to 16.0 metres); and 3.04 g/t Au over 9.0 metres (from 39.0 metres
to 48.0 metres), including 14.49 g/t Au over 1.0 metres (from 44.0 metres to 45.0 metres) in drill
hole RC-26-129;
• 9.31 g/t Au over 7.0 m etres (from 25.0 m etres to 32.0 m etres), including 63.55 g/t Au over
1.0 metres (from 25.0 metres to 26.0 metres) in drill hole RC-26-144;
• 2.82 g/t Au over 11.0 m etres (from 26.0 m etres to 37.0 m etres), including 17.73 g/t Au over
1.0 metres (from 27.0 metres to 28.0 metres); and 4.95 g/t Au over 6.0 metres (from 44.0 metres
to 50.0 metres), including 23.78 g/t Au over 1.0 metres (from 48.0 metres to 49.0 metres) in drill
hole RC-26-130;
• 2.04 g/t Au over 19.0 m etres (from 31.0 m etres to 50.0 m etres), including 12.19 g/t Au over
1.0 metres (from 46.0 metres to 47.0 metres) in drill hole RC-26-116;
• 1.65 g/t Au over 20.0 metres (from 28.0 metres to 48.0 metres) in drill hole RC-26-146;
• 4.7 g/t Au over 7.0 m etres (from 31.0 m etres to 38.0 m etres), including 11.89 g/t Au over
1.0 metres (from 35.0 metres to 36.0 metres) in drill hole RC-26-138;
• 10.78 g/t Au over 3.0 metres (from 33.0 metres to 36.0 metres), including 13.86 g/t Au over 2.0
metres (from 34.0 metres to 36.0 metres) in drill hole RC-26-122; and
• 6.34 g/t Au over 5.0 m etres (from 33.0 metres to 38.0 metres), including 13.32 g/t Au over 2.0
metres (from 34.0 metres to 36.0 metres) in drill hole RC-26-120.
Figure 1. Map showing the Goldboro Project location and the planned drill hole location within current drill program
relative to planned early years of mining as reported in the 2021 Feasibility Study.
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This high-density RC Infill Drill Program targets the first few years of planned production at the Goldboro
Project where it is currently accessible by the drill rig. The goal of the drill program, and the rationale for
using RC drilling, is to obtain a high- density data set that may be used to ultimately upgrade Mineral
Resources from the Indicated to Measured category, using a drilling technique that more closely
approximates production drilling and associated dilution. This information will be used in concert with
more than 180,000 metres of diamond drill data currently available on the deposit to inform the first years
of planned mining activity.
The Company expects to include the results of the RC Infill Drill Program in a future updated Mineral
Resource Estimate that is independent of the ongoing updated Feasibility Study. As the updated
Feasibility Study is estimated to be completed in Q3 2026, and this RC Infill Drill Program is still ongoing,
the information from this program is not available to inform the current updated Goldboro Mineral
Resource Estimate within the Feasibility Study timeframe. The Company previously completed a
technical report on the Goldboro Project prepared by Nordmin Engineering Ltd., entitled “NI 43 -101
Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova
Scotia” with an effective date of December 16, 2021 and a report date of January 11, 2022 (the “ 2021
Feasibility Study”). The technical report is available on SEDAR+ at www.sedarplus.ca and on the
Company’s website at www.nexgold.com.
Figure 2. A map showing the location of drill holes reported in this news release and the associated cross sections.
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Figure 3. Vertical north-south cross sections (I-S) looking east showing drill holes for the RC Infill Drill Program as
reported in this news release. The cross sections correlate to those shown in Figure 2.
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