Nexus Announces Listed Issuer Financing Exemption (Life) Non-Brokered Financing of Units

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia – March 21, 2024 – Nexus Uranium Corp. (CSE: NEXU, OTCQB: GIDMF, FRA: 3H1) (the “Company” or “Nexus”) is undertaking a non-brokered private placement of a minimum of 1,333,333 units (“Units”) at a price of $0.60 per Unit to raise minimum gross proceeds of $800,000 and a maximum of 2,000,000 Units to raise maximum gross proceeds of $1,200,000 (the “Offering”). The Offering is structured to take advantage of the listed issuer financing exemption whereby the securities of the Company issued pursuant to the Offering will be freely tradeable equity securities not subject to a hold period (see below).

Each Unit will consist of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a “Warrant Share“) for a period of 24 months following the Closing Date of the Offering at an exercise price of $0.75 per Warrant Share.