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NXS.V ·

Nexus GOLD Announces Grant of Stock Options

Share Capital & Compensation

NEXUS GOLD CORP.

Suite 720, 700 West Pender Street

Vancouver, BC V6C 1G8

Telephone: 604.558.1920

NEWS RELEASE

NEXUS GOLD ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, Canada – February 28, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS, OTC:

NXXGF, FSE: N6E) announces that it will not be proceeding with the grant of incentive stock options as previously

announced on February 19, 2019. Instead the Company will complete a grant of 1,300,000 incentive stop

options to certain directors, officers and consultants to the Company at an exercisable price of $0.13 for a period

of sixty months. The options will vest immediately.

About the Company

Nexus Gold is a Vancouver-based gold exploration and development company with active projects in

West Africa and Canada. The company is currently concentrating its efforts on establishing a compliant

resource at one or more of it’s four current Burkina Faso-based projects which total over 560-sq kms

of land located on active gold belts and proven mineralized trends. In Canada the Company is moving

through exploration phases at it’s wholly-owned McKenzie Gold Project in Red Lake, Ontario, and the

new Pilot Project, in the Bridge River Mining Camp, British Columbia. For more information please visit

www.nexusgoldcorp.com.

On behalf of the Board of Directors of

NEXUS GOLD CORP.

Alex Klenman

President & CEO

604-558-1920

[email protected]

www.nexusgoldcorp.com

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 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 Canadian securities regulations. We do not

assume any obligation to update any forward-looking statements, except as required by applicable laws.