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NEXG.V ·

NexGold Announces Grant of Restricted Share Units

Share Capital & Compensation

NexGold Announces Grant of Restricted Share Units

TORONTO, Dec. 19, 2024 -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF ) (“NexGold” or the “ Company”)

announces that the Company has issued a total of 383,455 restricted share units (“ RSUs”) to certain directors and officers of

the Company in accordance with the Company’s 2024 Omnibus Equity Incentive Plan. Certain of the RSUs vest one-third

annually, with the remainder fully vesting on the first anniversary of the date of grant; the RSUs expire on December 31, 2027.

Once vested, each RSU represents the right to receive one common share of the Company.

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.