NexGold Intersects 1.79 g/t Gold Over 25.6 Metres at the Goldlund Deposit, Ontario
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NEWS RELEASE TSXV: NEXG; OTCQX: NXGCF April 10, 2026
NexGold Intersects 1.79 g/t Gold Over 25.6 Metres at the
Goldlund Deposit, Ontario
TORONTO, April 10, 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 (see
NexGold news release dated January 28, 2026). The drill program, which comprises up to 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 777 metres of diamond drilling in three
drill holes (GL-25-015, GL-25-016, and GL-26-009) that infill and expand mineralization in Zone 4 of the
Goldlund Deposit and specifically within Inferred Resources located at the northeast end of the open pit
Mineral Resource (Figures 1 and 2; 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:
• 1.79 g/t gold over 25.6 metres (from 215.0 to 240.6 metres), including 13.70 g/t gold over
1.0 metres and 6.59 g/t gold over 1.0 metres in drill hole GL-25-015;
• 3.22 g/t gold over 10.5 metres (from 100.0 to 110.5 metres), including 25.90 g/t gold over
0.8 metres and 10.60 g/t gold over 0.6 metres in drill hole GL-25-016; and
• 1.49 g/t gold over 11.0 metres (from 163.0 to 174.0 metres), including 5.26 g/t gold over 1.0
metres and 4.53 g/t gold over 1.0 metres in drill hole GL-26-009.
These drill results are in the same general area of Zone 4 mineralization where previously reported drill
intersections were announced and confirm those previous intersections over an approximate 100-metre
dip extent ( Figure 2). Previously reported highlights (see NexGold news release dated February 25,
2026) from this area include:
• 2.31 g/t gold over 21.5 metres (from 238.6 to 260.1 metres), including 30.10 g/t gold over
0.7 metres, 24.5 g/t gold over 0.5 metres and 7.64 g/t gold over 0.9 metres in drill hole
GL-25-011; and
• 2.34 g/t gold over 10.2 metres (from 199.3 to 209.5 metres) , including 15.80 g/t gold over
0.7 metres and 5.08 g/t gold over 0.8 metres in drill hole GL-25-013.
Kevin Bullock, President and CEO of NexGold, commented: “Our infill drill program at Goldlund continues
to support the Company’s ongoing efforts to optimize the Goliath Gold Complex. The drill results reported
today demonstrate continuity of Zone 4 mineralization at deeper levels of open pit Mineral Resources.
I am encouraged by these results, along with those previously reported from this area, which continue to
demonstrate a strong tenor of gold mineralization over a 100-metre dip extent, and remain open at depth.
Looking ahead, our objectives for this program are clear – upgrade the resource categorization at
Goldlund and build Mineral Resource confidence at depths consistent with open pit mining. To this effect,
we are drilling this area of Inferred Mineral Resources at a spacing consistent with Indicated Mineral
Resources at other areas of the deposit. I look forward to keeping the market updated on our progress
as drilling continues.”
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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
GL-25-015, GL-25-016, and GL-26-009 located toward the northeast end of the zone. These new holes
are near previously reported drill holes GL-25-011 and GL-25-013, 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). Gold intersected in these holes further demonstrates the continuity of mineralization and the
potential for 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 reported in
this press release
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-25-015 Zone 4 215.0 240.6 25.6 1.79
Including 227.0 228.0 1.0 13.70
and including 237.0 238.0 1.0 6.59
GL-25-016 Zone 4 100.0 110.5 10.5 3.22
Including 101.2 102.0 0.8 25.90
and including 108.9 109.5 0.6 10.60
GL-25-016 Zone 4 167.0 168.5 1.5 14.57
Including 168.0 168.5 0.5 34.30
GL-26-009 Zone 4 144.0 146.0 2.0 4.45
Including 145.0 146.0 1.0 6.85
GL-26-009 Zone 4 163.0 174.0 11.0 1.49
Including 167.0 168.0 1.0 5.26
and including 173.0 174.0 1.0 4.53
GL-26-009 185.0 192.9 7.9 1.16
Including 186.0 187.0 1.0 4.40
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-25-015 547314 5527876 419 324 123 -47
GL-25-016 547447 5527853 426 201 121 -48
GL-26-009 547345 5527843 417 252 121 -46
Note: Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 15N coordinates
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Sprott Royalty – Shares for Debt Issuance
Pursuant to the terms of a royalty agreement with Sprott Resources Streaming and Royalty Corp. (“Sprott
Streaming”) announced on February 14, 2022 and amended on May 1, 2024 (the “Royalty Agreement”),
the Company has elected to issue 639,405 common shares to Sprott Streaming (“Common Shares”) at
a deemed price of $1.4618 per Common Share in satisfaction of an upcoming minimum payment of
US$675,000 due under the Royalty Agreement. The Royalty Agreement requires NexGold to make
US$675,000 minimum payments every quarter, in cash or Common Shares (at NexGold’s election). The
Common Shares will be issued as shares for debt, in accordance with Policy 4.3 of the TSX Venture
Exchange (“TSXV”) Corporate Finance Policies. NexGold expects to issue the Common Shares to Sprott
Streaming on or about April 13, 2026. The payment was approved by the Board of Directors of NexGold
and is subject to approval of the TSXV.
Investor Relations Services
Further to its March 25, 2026 announcement, the Company confirms that the $60,000 cash consideration
for investor relations and communication services under its March 24, 2026 consulting agreement with
Triomphe Holdings Ltd. (dba Capital Analytica) is payable upfront. The agreement is for a six-month term,
with an option to further renew for an additional six months . No securities will be issued in connection
with the engagement. The engagement remains subject to the approval of the TSXV.
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. C heck 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
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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.
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 activities; potential for upgrading mineral resource categorization;
expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement 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 projected”, “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.