Nexus GOLD Announces Debt Settlement Transaction
NEWS RELEASE
NEXUS GOLD ANNOUNCES DEBT SETTLEMENT TRANSACTION
Vancouver, British Columbia – November 3, 2025 – Nexus Gold Corp. (the “Company”) (TSX-V: NXS)
announces that it has reached agreements with certain creditor s (the “ Creditors”) of the
Company to settle (the “ Debt Settlement ”) outstanding indebtedness totaling $996,429 in
consideration for the issuance of 9,489,800 units (each, a “Settlement Unit”) at a deemed price
of $0.105 per Settlement Unit. Each Settlement Unit will consist of one common share of the
Company and one -half-of-one common share purchase warrant (each whole warrant, a
“Warrant”). Each Warrant will entitle the holder to acquire an additional common share of the
Company at a price of $0.20 for a period of twenty-four months.
Completion of the Debt Settlement remains subject to the approval of the TSX Venture Exchange.
All securities issued in connection with the Debt Settlement will be subject to restrictions on
resale for a period of four-months-and-one-day in accordance with applicable securities laws. In
addition to restrictions prescribed by applicable securities laws, the Creditors have agreed that
the Settlement Units will be subject to a voluntary pooling arrangement during which time they
cannot be transferred or assi gned. The Settlement Units will be released from the pooling
arrangement in three equal tranches on June 30th, September 30th and December 31st, 2026.
ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.
“Edward Kelly”
Edward Kelly, Chief Executive Officer
For further information please contact:
Edward Kelly, Chief Executive Officer
Forward-Looking Statements
This press release includes certain "forward -looking information" and "forward -looking statements"
(collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation.
All statements, other than statements of histor ical fact, included herein, without limitation, statements
relating to the future operating or financial performance of the Company, are forward looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "exp ects",
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"anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or
statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Actual
future results may differ materially. There can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from those anticipated in such statements.
Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made
and are based upon a number of assumptions and estimates that, while considered reasonable by the
respective parties, are inherently subject to significant business, technical, economic, and competitive
uncertainties and contin gencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements that
are or may be expressed or implied by such forward -looking statements and the parties have made
assumptions and estimates based on or related to many of these factors. Readers should not place undue
reliance on the forward-looking statements and information contained in this news release concerning these
times. Except as required by law, the Company does not assume any obligation to update the forward-looking
statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
TSX Venture Exchange Disclaimer
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.