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Mineralization Intersected at Patterson Corridor East (PCE ) and Continued Expansion of High - Grade Sub Domain RK - 25 - 254 and RK - 25 - 256 (both intersecting 2.0 and 2.1 m of off

Drill Results

NexGen

Announces

New

Off

-

Scale

Mineralization

Intersected at Patterson Corridor East

(PCE

)

and

Continued Expansion of High

-

Grade

Sub Domain

RK

-

25

-

254 and RK

-

25

-

256 (both intersecting 2.0 and 2.1 m of off

-

scale (>61,000 cps))

are located 51

m and 119 m away from RK

-

25

-

232 (15 m at 15.9% U

3

O

8

).

Results highlight the repetition of upgrading high

-

grade shoots within growing mineralized

footprint.

The following

new

holes intersected broad intercepts of cumulative mineralization (>500cps):

RK

-

25

-

246

:

20.5m including 2.5m >10,000cps

RK

-

25

-

247

:

18.0m including 2.5m >10,000cps

RK

-

25

-

251

:

9.5m

RK

-

25

-

254

:

19.5m including 5.0m >10,000cps including 2.0m >61,000cps

RK

-

25

-

256

:

10.0m including 3.3m >10,000cps including 2.1m >61,000cps

Vancouver, BC,

August

28

, 2025

-

NexGen Energy Ltd. ("NexGen" or the "Company")

(

TSX: NXE)

(NYSE: NXE) (ASX: NXG

)

is

pleased to announce

continued

exciting

results

from

the summer drill program

at

the rapidly advancing

PCE.

Step

-

out holes RK

-

25

-

254 and RK

-

25

-

256 intersected 2.0 m and 2.1 m of

cumulative >61,000 counts per second (cps)

,

respectively, located 51 m up

-

dip and 119 m down

-

dip of

PCE’s best hole to date, RK

-

25

-

232

(Figures 1 and 2)

.

These represent

the best holes

from

the summer

program

to date

and

validate

the

grow

th

in

high

-

grade continuity.

Overall, an upgraded high

-

grade

shoot plunges

a minimum

200 m from RK

-

25

-

254 to RK

-

24

-

222 as

part of

a

n emerging

interpreted

pattern

of

high

-

grade s

hoots

spaced

70

m apart

(Figures 2 and 3)

.

Depth of the intense high

-

grade in RK

-

25

-

254

,

at just 454.4 m depth,

ranks among the shallowest

intersections of massive uranium ever drilled by NexGen.

Miner

a

lization is open

300 m

up

-

dip

and

completely contained in the

competent basement rock

,

consistent with

Arrow

.

Strong continuity of g

rade

across the mineralized footprint is consistent with

Arrow’s

basement

-

hosted

uranium veins

.

Drilling

is also extending

deeper

wh

ere

strongly developed

alteration and structural disruption

persist

as

key indicators of

additional mineralization

.

Further s

ignificant expansion potential

at PCE

remains

with

mineralization

open

in

most

directions

.

A

total to

21,968.9

m

of the p

lanned

43,000m program

has been drilled

in 2025

.

Since discovery

(see March

11,

2024,

news release),

79

drillholes totalling

53,088.9

m have been completed

(Figure 4)

.

High

-

grade

growth and overall mineralized extent are the focus with many more targets to be tested across th

is rapidly

developing

and growing high

-

grade

system

.

48 of

the

79 drillholes

are

mineralized, including 34

intersecting high

-

grade (>10,000 cps) and 14 intersecting off

-

scale (>61,000 cps).

Leigh Curyer, Chief Executive Officer, commented:

“

This program is delivering exactly what we look for in

a generational uranium discovery

,

basement

-

hosted significant

mineraliz

ed system

,

continuity of

high

-

grade

mineralization

, and growth potential. PCE is evolving in real time into a world

-

class system in its own right

.

NexGen’s highly prospective land package continues to demonstrate exciting results and unmatched

opportunity for Canada to take its place as the number one source

of

uranium in the world.

”

Jason Craven, Vice President, Exploration, commented: “

NexGen’s s

ummer drill program is off to a fantastic

start.

PCE

continue

s

to

deliver

intense high

-

grade uranium

at shallower depths than the world class Arrow

deposit only 3.5km away.

Early summer drilling results

are

build

ing

on e

merging

interpretations

that include

systematic repetition of high

-

grade shoots within the overall mineralized footprint, indicating potential for

significant expansion

at PCE

.

”

Figure 1:

RK

-

25

-

254

and RK

-

25

-

256

core photo

s

of

focused vein intercept

s

170 m apart from one another

,

each

having

2 m

of massive replacement style uranium mineralization,

with elevated radioactivity above and below what is

shown

;

yellow outlines

>1,000 cps,

red outlines >10,000 cps,

>61,000 cps outlined in purple

.

Figure 2:

Close

-

up of long section

view of PCE high

-

grade subdomain around RK

-

25

-

232

(15.0 m at 15.9% U

3

O

8

)

Figure

3

: Interpreted model of mineralization at PCE

(as of this release)

with

newly

interpreted high

-

grade shoots

show

n

;

view is a

l

ong section

that look

s

perpendicular to

the primary mineralized plane

; t

otal mineralized footprint in

orange and the high

-

grade subdomains in red

Figure 4: Interpreted 3D model of PCE shown looking northwest (across strike) and northeast (along strike)

Table

1

:

2025

Spectrometer

r

esults

from summer drilling

Drillhole

Unconformity

Depth (m)

Handheld Spectrometer Results (RS

-

125)

Hole ID

Azimuth

Dip

Total

Depth

(m)

From

(m)

To

(m)

Width

(m)

CPS Range

RK

-

25

-

245

330

-

70

744.0

111.5

695.0

695.5

0.5

<500

695.5

696.0

0.5

<500

-

950

696.0

696.5

0.5

< 500

-

680

706.5

707.0

0.5

<500

-

600

707.0

707.5

0.5

<500

-

900

722.5

723.0

0.5

<500

723.0

723.5

0.5

<500

-

560

724.0

724.5

0.5

<500

-

560

724.5

725.0

0.5

<500

725.0

725.5

0.5

<500

-

1370

RK

-

25

-

246

270

-

70

525.0

124.5

216.5

217.0

0.5

<500

-

1000

217.5

218.0

0.5

<500

-

720

218.0

218.5

0.5

<500

-

580

223.5

224.5

1.0

<500

229.0

229.5

0.5

<500

-

840

331.0

331.5

0.5

<500

332.0

332.5

0.5

<500

333.5

334.0

0.5

<500

337.5

338.5

1.0

<500

339.0

339.5

0.5

<500

-

800

339.5

340.0

0.5

<500

-

550

340.0

340.5

0.5

1000

-

7000

340.5

341.0

0.5

<500

-

800

341.0

341.5

0.5

<500

-

1500

341.5

342.0

0.5

<500

-

650

342.0

342.5

0.5

<500

343.0

344.0

1.0

<500

368.0

368.5

0.5

<500

369.0

370.5

1.5

<500

376.0

376.5

0.5

<500

376.5

377.0

0.5

<500

-

4300

377.0

377.5

0.5

<500

-

3500

377.5

378.5

1.0

<500

378.5

379.0

0.5

<500

-

2200

379.0

379.5

0.5

<500

-

1900

379.5

380.0

0.5

<500

-

12000

380.0

380.5

0.5

<500

-

1900

380.5

381.0

0.5

<500

-

7300

381.0

381.5

0.5

1000

-

16000

381.5

382.0

0.5

9700

-

18000

382.0

382.5

0.5

3000

-

6000

382.5

383.0

0.5

950

-

7200

383.0

383.5

0.5

1000

-

6000

383.5

384.0

0.5

2900

-

6000

384.0

384.5

0.5

1000

-

24000

384.5

385.0

0.5

1200

-

23000

385.0

385.5

0.5

840

-

3800

385.5

386.0

0.5

<500

-

2300

386.0

386.5

0.5

<500

-

770

386.5

387.0

0.5

<500

-

860

387.0

387.5

0.5

<500

-

720

387.5

388.0

0.5

<500

-

680

388.0

388.5

0.5

<500

-

730

388.5

389.0

0.5

<500

-

830

389.0

389.5

0.5

<500

-

830

389.5

390.0

0.5

<500

-

1100

390.0

390.5

0.5

<500

-

1200

390.5

391.0

0.5

<500

391.5

393.0

1.5

<500

393.0

393.5

0.5

<500

-

530

393.5

394.0

0.5

<500

-

2300

394.0

394.5

0.5

<500

-

1000

394.5

395.0

0.5

<500

-

600

395.0

396.0

1.0

<500

396.5

397.0

0.5

<500

-

570

398.0

398.5

0.5

<500

-

1200

398.5

399.0

0.5

<500

400.0

400.5

0.5

<500

-

1400

400.5

401.0

0.5

<500

-

1700

401.5

402.0

0.5

<500

402.0

402.5

0.5

<500

-

880

402.5

403.0

0.5

<500

-

1700

403.0

403.5

0.5

<500

-

1800

403.5

404.0

0.5

<500

-

1200

404.0

404.5

0.5

<500

404.5

405.0

0.5

<500

-

890

405.0

405.5

0.5

<500

424.0

426.0

2.0

<500

445.5

446.5

1.0

<500

450.5

451.0

0.5

<500

460.5

461.0

0.5

<500

461.0

461.5

0.5

<500

-

1300

461.5

462.0

0.5

<500

-

4000

479.0

479.5

0.5

<500

-

1380

479.5

480.0

0.5

<500

-

1300

488.5

489.0

0.5

<500

-

580

489.0

489.5

0.5

<500

RK

-

25

-

247

330

-

70

738.0

114.4

269.5

270.0

0.5

<500

572.0

572.5

0.5

<500

572.5

573.0

0.5

<500

-

550

573.0

573.5

0.5

<500

-

600

573.5

574.0

0.5

<500

-

1500

574.0

574.5

0.5

<500

574.5

575.0

0.5

<500

-

550

575.0

575.5

0.5

<500

-

900

575.5

576.0

0.5

500

-

1500

576.0

576.5

0.5

<500

-

2300

576.5

577.0

0.5

<500

-

900

577.0

577.5

0.5

550

-

4000

577.5

578.0

0.5

<500

-

30000

578.0

578.5

0.5

<500

-

2000

578.5

579.0

0.5

<500

579.0

579.5

0.5

<500

-

3000

579.5

580.0

0.5

<500

-

4500

580.0

580.5

0.5

<500

-

3000

580.5

581.0

0.5

<500

-

4500

581.0

581.5

0.5

650

-

5000

581.5

582.0

0.5

<500

-

31000

582.0

582.5

0.5

<500

582.5

583.0

0.5

<500

-

4500

583.5

584.0

0.5

<500

584.0

584.5

0.5

<500

-

700

584.5

568.5

-

16.0

<500

586.5

587.0

0.5

<500

-

800

587.0

587.5

0.5

<500

-

550

587.5

588.0

0.5

<500

-

550

588.0

589.0

1.0

<500

589.0

589.5

0.5

<500

-

600

589.5

590.0

0.5

500

-

800

590.0

590.5

0.5

<500

591.0

591.5

0.5

<500

-

710

591.5

592.0

0.5

<500

-

820

592.0

592.5

0.5

<500

-

2700

592.5

593.0

0.5

<500

-

1900

593.0

593.5

0.5

<500

-

970

593.5

594.0

0.5

2200

-

11000

594.0

594.5

0.5

1500

-

20000

594.5

595.0

0.5

560

-

16000

595.0

595.5

0.5

<500

-

5800

595.5

596.5

1.0

<500

596.5

597.0

0.5

<500

-

3300

597.0

597.5

0.5

<500

-

660

597.5

598.5

1.0

<500

599.5

600.0

0.5

<500

601.0

601.5

0.5

<500

-

670

601.5

602.0

0.5

<500

-

1100

602.0

602.5

0.5

<500

-

1100

602.5

603.0

0.5

<500

603.0

603.5

0.5

<500

-

2000

603.5

604.0

0.5

<500

604.0

604.5

0.5

<500

-

1100

604.5

605.0

0.5

<500

-

2000

605.0

605.5

0.5

<500

-

900

605.5

606.0

0.5

<500

606.0

606.5

0.5

<500

-

900

606.5

607.0

0.5

<500

-

2000

607.0

607.5

0.5

600

-

3700

607.5

608.0

0.5

<500

-

1700

608.0

608.5

0.5

<500

-

600

608.5

609.0

0.5

<500

-

700

610.0

610.5

0.5

<500

611.0

612.0

1.0

<500

613.5

614.5

1.0

<500

RK

-

25

-

248

283

-

69

501.0

123.3

202.0

202.5

0.5

<500

339.0

339.5

0.5

<500

344.0

344.5

0.5

<500

-

600

346.0

346.5

0.5

<500

-

730

346.5

347.0

0.5

<500

-

520

350.5

351.0

0.5

<500

352.0

352.5

0.5

<500

352.5

353.0

0.5

<500

-

520

353.0

353.5

0.5

<500

357.0

357.5

0.5

<500

-

750

358.0

358.5

0.5

<500

366.0

366.5

0.5

<500

382.5

383.5

1.0

<500

383.5

384.0

0.5

<500

-

2000

384.5

385.0

0.5

<500

-

900

388.0

388.5

0.5

<500

390.0

391.0

1.0

<500

391.5

392.0

0.5

<500

392.0

392.5

0.5

<500

-

610

393.0

393.5

0.5

<500

395.5

396.0

0.5

<500

396.0

396.5

0.5

<500

-

800

396.5

397.0

0.5

<500

-

800

398.0

398.5

0.5

<500

400.5

401.0

0.5

<500

401.0

401.5

0.5

<500

-

650

402.0

402.5

0.5

<500

402.5

403.0

0.5

<500

-

900

403.5

405.0

1.5

<500

409.5

410.5

1.0

<500

411.0

411.5

0.5

<500

433.5

435.5

2.0

<500

436.0

437.0

1.0

<500

440.5

441.0

0.5

<500

442.0

443.0

1.0

<500