Nexus GOLD Announces Completion of the Arrangement
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NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD ANNOUNCES COMPLETION OF THE ARRANGEMENT
Vancouver, Canada – October 12, 2022 – Nexus Gold Corp. (“Nexus Gold” or the “Company”) (TSX-V:
NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce that its previously announced spinout of the
Company's Canadian projects (which include the McKenzie Gold Project, located in Red Lake, Ontario,
and the 13,000-hectare Cyclone Gold-Nickel-Copper project, located in the James Bay region, Quebec)
has been completed. Pursuant to the arrangement , 45,390,460 shares of its subsidiary, Nexus Metals
Corp., will be distributed on an approximate 1:7 basis to the shareholders of Nexus Gold.
Further information regarding the arrangement and the spinout is available in the Company’s news
release dated October 5, 2022 and in the Company’s management information circular dated June 7,
2022, a copy of which is available under Nexus Gold’s profile at www.sedar.com.
About the Company
Nexus Gold is a Canadian -based gold exploration and development company with an extensive
portfolio of projects in West Africa. The Company will continue development of assets in West Africa
in addition to broadening its scope to other jurisdictions.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
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www.nexusgoldcorp.com
Neither the 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 release. This news release
may contain forward-looking statements. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or
other reports and filings with the TSX Venture Exchange and applicable Canad ian securities regulations. We do
not assume any obligation to update any forward-looking statements, except as required by applicable laws.