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NexGold Announces Amendments to Omnibus Equity Incentive Plan

Share Capital & Compensation

NexGold Announces Amendments to Omnibus Equity Incentive Plan

TORONTO, Sept. 05, 2025 -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”)

announces that it has amended certain terms of its Omnibus Equity Incentive Plan (the " Plan").

The Plan was approved by shareholders at the Company’s last Annual General Meeting held on June 26, 2025 and by the TSX

Venture Exchange (the “Exchange”) on July 3, 2025.

The Plan was amended to clarify that, consistent with the Company’s historical practice, a holder of restricted share units

(“RSUs”) has the right to defer settlement of vested RSUs, provided that such deferred settlement occurs not later than three

years following the year in which the related services were rendered (the “Amendments”).

In accordance with Section 10.6(c) of the Plan, the Amendments were approved by the board of directors of the Company on

August 12, 2025 and were subsequently accepted by the Exchange on September 3, 2025. In accordance with Exchange

policies, shareholder approval of the Amendments was not required.

A copy of the amended Plan has been filed under the Company’s profile on SEDAR+ and www.sedarplus.ca.

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.