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NEXG.V ·

NexGold Announces Equity Grants

Share Capital & Compensation

Page 1 of 1

NEWS RELEASE TSXV: NEXG | OTCQX: NXGCF February 9, 2026

NexGold Announces Equity Grants

TORONTO, February 9, 2026 – NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold”

or the “ Company”) announces that the Board of Directors of the Company has approved grants of

671,742 Restricted Share Units (RSUs) and 348,607 Deferred Share Units (DSUs) to officers and non-

executive directors under its 2024 Omnibus Equity Incentive Plan, as amended, in line with TSX Venture

Exchange policies. The RSUs and DSUs vest in three equal tranches starting one year from the grant

date. Each unit converts to one common share of the Company upon settlement in accordance with the

Plan. The grants aim to align leadership interests with shareholders, recognize contributions and support

long-term retention and performance.

About NexGold Mining Corp.

NexGold is a gold -focused company with assets in Canada and Alaska. NexGold’s Goldboro Gold Project is located in Nova

Scotia. The Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario.

NexGold a lso 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 susta inable economic opportunities, providing safe workplaces, enhancing of social value, and promoting

community wellbeing.

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.