NexGold Intersects 14.10 g/t Gold Over 6.0 Metres, 2.99 g/t Gold over 20.0 Metres and 10.67 g/t Gold Over 7.0 Metres at the Goldlund Deposit, Ontario
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NEWS RELEASE TSXV: NEXG; OTCQX: NXGCF May 6, 2026
NexGold Intersects 14.10 g/t Gold Over 6.0 Metres, 2.99 g/t
Gold over 20.0 Metres and 10.67 g/t Gold Over 7.0 Metres at
the Goldlund Deposit, Ontario
TORONTO, May 6, 2026 – NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the
“Company”) is pleased to provide additional results from the ongoing diamond drilling program at the
Company’s Goliath Gold Complex , which includes the Goliath, Goldlund and Miller Deposits . The drill
program, of which approximately 18,000 metres have been completed of the planned 25,000 metres, is
focused on the Goldlund Deposit , with holes designed to infill and potentially expand open pit Mineral
Resources. The results presented in this news release include 3,663 metres of diamond drilling in nine
drill holes (GL-25-012, GL-25-017 to GL- 25-019, and GL-26-001 to GL-26-005). These drill holes infill
and expand mineralization in Zone 4 of the Goldlund Deposit from near the centre to the southwestern
end of the open pit Mineral Resource (Figures 1, 2 and 3; Tables 1 and 2).
Selected drill inter sections from diamond drill holes at the Goldlund Deposit in this news release are
further detailed in Table 1 and include:
• 14.10 g/t gold over 6.0 metres (from 53.0 to 59.0 metres), including 51.70 g/t gold over 1. 5
metres and 4.59 g/t gold over 1.5 metres , in drill hole GL-26-003A; additionally, 2.99 g/t gold
over 20.0 metres (from 157.0 to 177.0 metres), including 27.30 g/t gold over 1.0 metres and
24.90 g/t gold over 1.0 metres; and 10.67 g/t gold over 7.0 metres (from 189.0 to 196.0 metres),
including 143.00 g/t gold over 0.5 metres in the same hole;
• 4.25 g/t gold over 6.0 metres (from 302.0 to 308.0 metres), including 10.90 g/t gold over 1.0
metres in drill hole GL-26-002; additionally, 0.66 g/t gold over 43.0 metres (from 253.0 to 296.0
metres) including 14.80 g/t gold over 1.0 metres; additionally, 19.8 g/t gold was intersected over
0.6 metres (from 229.4 to 230.0 metres) in the same hole;
• 3.23 g/t gold over 6.0 metres (from 220.0 to 226.0 metres), including 17.30 g/t gold over 0.9
metres and 3.10 g/t gold over 1.0 metres in drill hole GL-25-017;
• 1.13 g/t gold over 20.0 metres (from 255.0 to 275.0 metres), including 13.40 g/t gold over 1.0
metres in drill hole GL-25-019; and
• 0.52 g/t gold over 55. 9 metres (from 234.1 to 290.0 metres), including 8.43 g/t gold over 0.6
metres and 4.42 g/t gold over 1.0 metres in drill hole GL-25-018.
These drill results are in the same general area of Zone 4 mineralization where previously reported drill
intersections were announced (see NexGold news release dated February 25, 2026) and included:
• 1.18 g/t gold over 33.5 metres (from 183.5 to 217.0 metres), including 18.00 g/t gold over 1.0
metres and 7.99 g/t gold over 1.0 metres in drill hole GL-25-009; additionally, 62.30 g/t gold was
intersected over 1.0 metres (from 226.0 to 227.0 metres) in the same drill hole; and
• 1.03 g/t gold over 16.5 metres (from 350.5 to 367.0 metres), including 5.25 g/t gold over 0.8
metres and 4.34 g/t gold over 2.0 metres in drill hole GL -25-014; additionally, 28.9 g/t gold was
intersected over 1.5 metres (from 129.5 to 131.0 metres) in the same drill hole.
Kevin Bullock, President and CEO of NexGold, commented: “Our infill drill program at the Goliath Gold
Complex continues to demonstrate good continuity of mineralization at depth within the Goldlund Deposit.
The drill results reported today are from the centre to southwestern portion of the Goldlund open pit and
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focused on the 100 to 300-metre levels of open pit Mineral Resources, and like previous ly reported
results, continue to demonstrate a strong tenor of gold mineralization in this area.
Our objective with this drill program continues to be to optimize the Goliath Gold Complex and further
strengthen our confidence in the mineralization within the deeper levels of the Inferred Mineral
Resources. We expect this program to provide us with valuable information that will enable us to upgrade
the Mineral Resource categorization at Goldlund. I look forward to sharing more drilling updates as
exploration continues.”
Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining within sub-
vertical granodiorite sills. Zone 4 at the Goldlund Deposit includes broad intervals of mineralized
intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. The drill results
summarized in this news release, together with previously announced drill results , provide additional
support and information relevant to the interpretation of grade continuity within Zone 4. These results are
expected to contribute to ongoing refinement of the geological model and may support future evaluation
of Mineral Resource classification, subject to additional drilling, data verification, and completion of further
technical studies.
Drill holes designed throughout this program have been distributed across the strike of Zone 4 with holes
highlighted in this release located in the central to southwest end of the zone. These new holes are near
previously reported drill holes GL-25-009 and GL- 25-014, which intersected 2.31 g/t gold over 21.5
metres and 2.34 g/t gold over 10.2 metres, respectively (see NexGold news release dated February 25,
2026). It has been observed that Zone 4 widens toward the southwest and has a tendency for mineralized
features to be spread over a wider intersection. Gold intersected in these holes further demonstrates the
continuity of mineralization and the potential for Mineral Resource expansion in Zone 4 as additional
targets are drilled along strike and down dip.
Figure 1: Plan map showing the location of the Goldlund Zone 4 infill drill holes
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Figure 2: A cross-section through the Goldlund Deposit showing the location of the drill holes (GL-25-018, GL-25-019,
GL-26-002 and GL-26-005) -reported in this press release (red cylinders show highlighted intervals).
Figure 3: A cross-section through the Goldlund Deposit showing the location of the drill holes (GL-26-001, GL-26-
003A, and GL-26-004) -reported in this press release (red cylinders show highlighted intervals).
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Table 1: Highlighted drill intercepts from drill holes in this news release
Drill Hole ID Target/Zone From (m) To (m) Interval (m) Au g/t
GL-25-012 Zone 4 247.3 247.8 0.5 73.20
and Zone 4 278.5 288.3 9.8 0.34
Including 287.4 288.3 0.9 1.61
GL-25-017 Interzone 71.0 73.0 2.0 6.24
Including 72.4 73.0 0.6 18.40
and Zone 4 220.0 226.0 6.0 3.23
Including 220.8 221.7 0.9 17.30
and including 225.0 226.0 1.0 3.10
and Zone 4 247.0 254.0 7.0 0.95
Including 253.0 254.0 1.0 3.04
and Zone 4 263.0 272.0 9.0 0.91
Including 267.8 269.0 1.2 2.93
GL-25-018 Zone 4 234.1 290.0 55.9 0.52
Including 234.6 235.2 0.6 8.43
and including 274.5 275.5 1.0 4.42
GL-25-019 Zone 4 255.0 275.0 20.0 1.13
Including 274.0 275.0 1.0 13.40
and Zone 4 296.0 301.0 5.0 0.96
Including 300.0 301.0 1.0 3.57
and Zone 4 317.1 322.0 4.9 0.95
and Zone 4 340.0 345.5 5.5 0.86
Including 343.0 344.0 1.0 2.46
GL-26-001 Zone 50 7.5 9.0 1.5 27.30
and Zone 4 220.2 228.0 7.8 0.84
Including 220.2 221.0 0.8 2.20
and including 227.0 228.0 1.0 2.57
and Zone 4 238.0 243.0 5.0 0.85
Including 238.0 239.0 1.0 2.21
GL-26-002 Zone 50 56.9 59.0 2.1 1.69
Including 56.9 57.9 1.0 3.36
and Interzone 229.4 230.0 0.6 19.80
and Zone 4 253.0 296.0 43.0 0.66
Including 275.0 276.0 1.0 14.80
and Zone 4 302.0 308.0 6.0 4.25
Including 303.0 304.0 1.0 10.90
GL-26-003A Interzone 53.0 59.0 6.0 14.10
Including 53.0 54.5 1.5 51.70
and including 57.5 59.0 1.5 4.59
and Zone 4 157.0 177.0 20.0 2.99
Including 157.0 158.0 1.0 27.30
and including 176.0 177.0 1.0 24.90
and Zone 4 189.0 196.0 7.0 10.67
Including 191.0 191.5 0.5 143.00
and Zone 4 203.0 213.0 10.0 0.38
and Zone 4 220.0 223.7 3.7 1.02
GL-26-004 Zone 4 179.0 182.0 3.0 1.04
and Zone 4 210.0 213.0 3.0 4.89
Including 210.0 211.0 1.0 12.90
GL-26-005 Zone 50 73.0 90.8 17.8 0.30
and Zone 4 391.0 399.0 8.0 0.45
Including 391.0 392.0 1.0 1.56
and including 398.0 399.0 1.0 1.31
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Notes:
1. Reported intervals are drilled core lengths and do not indicate true widths. True widths vary from 50 to 75% of
the interval length.
2. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are
uncapped.
Table 2: Locations and orientations of drill holes in the news release
Drill Hole ID Easting Northing Elevation (m) Length (m) Azimuth Inclination
GL-25-012 546956 5527791 412 450 128 -50
GL-25-017 547008 5527782 420 351 128 -46
GL-25-018 546699 5527637 413 402 135 -49
GL-25-019 546699 5527637 413 501 118 -53
GL-26-001 546966 5527740 424 351 127 -48
GL-26-002 546699 5527637 413 450 122 -52
GL-26-003A 546886 5527677 420 276 125 -47
GL-26-004 546907 5527711 424 351 123 -50
GL-26-005 546736 5527804 412 531 130 -45
Note: Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 15N coordinates
QA / QC
The Company has implemented a quality assurance and quality control (QA/QC) program to ensure
sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best
Practices Guidelines. The drill core is sawed in half with one- half of the core sample dispatched to
Activation Laboratories Ltd. facility located in Dryden, Ontario. The other half of the core is retained for
future assay verification and/or metallurgical testing. Other QA/QC procedures include the insertion of
blanks and Canadian Reference Standards for every tenth sample in the sample stream. A quarter core
duplicate is assayed every 20th sample. The laboratory has its own QA/QC protocols, running standards
and blanks with duplicate samples in each batch stream. Additional checks are routinely run on
anomalous values including gravimetric analysis and pulp metallic screen fire assays. Gold analysis is
conducted by lead collection, fire assay with atomic absorption, and/or gravimetric finish on a 50- gram
sample. Check assays are conducted at a secondary ISO certified laboratory (in this case AGAT
Laboratories located in Mississauga, Ontario) following the completion of a program.
Qualified Person
Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a “Qualified Person” for the purposes of
National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved
the scientific and technical disclosure contained in this news release on behalf of NexGold.
About NexGold Mining Corp.
NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia, the
Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) in Northwestern Ontario, and additional
exploration projects across Canada. NexGold also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS
project in southeast Alaska. NexGold is committed to ongoing, meaningful engagement with regional communities and
Indigenous Nations to support sustainable development, safe operations, and shared economic and social benefits.
Further details about NexGold, including a Feasibility Study for the Goldboro Gold Project and a Prefeasibility Study for the
Goliath Gold Complex, 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
Orin Baranowsky
Chief Financial Officer
(647) 697-2625
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.
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Cautionary Note Regarding Forward-Looking Information
This news release contains or incorporates by reference “forward- looking information” within the meaning of applicable Canadian securities
legislation and “forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating
to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the
Company’s strategic objectives and plans; timing and results of drilling acti vities; potential for upgrading mineral resource categorization;
expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of ad vancement and
completion of technical studies. Generally, forward- looking information is characterized by the use of forward- looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “is proje cted”, “anticipates” or
“does not anticipate”, “believes”, “targets”, or variations of such words and phrases. Forward- looking information may also be identified in
statements where certain actions, events or results “may”, “could”, “should”, “would”, “might”, “will be taken”, “occur” or “be achieved”.
Forward-looking information involves known or unknown risks, uncertainties and other factors, which may cause the actual results, performance
or achievements of the Company to be materially different from those projected by such forward- looking statements. Such factors include,
among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and
production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results)
to accurately predict mineralization; reliance on third- parties, including governmental entities, for mining activities; the ability of NexGold to
complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain
required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and
environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctu ations;
environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external
sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the
Management’s Discussion and Analysis for the year ended December 31, 2025 of the Company and in the Company’s most recent disclosure
documents filed under its SEDAR+ profile at www.sedarplus.ca. Although management of the Company has attempted to identify im portant
factors that could cause actual actions, events or results to differ materially from those described in forward- looking information, there may be
other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein
is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable
securities laws.