Nexus GOLD Expands Newfoundland Holdings
NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD EXPANDS NEWFOUNDLAND HOLDINGS
• Historical sample grades up to 15.8 g/t Au, 12.1% Cu, and 143 g/t Ag
• Acquisitions bring total Newfoundland project ground to 3,325 hectares
Vancouver, Canada – June 21, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS ,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it was reached a further agreement with Robert
Stares, an arms’-length party, to acquire two additional exploration-stage gold projects, the Black Ridge
Gold Project and the Bauline Epithermal Gold Project, in Newfoundland, Canada.
The Black Ridge Gold Project is a high-grade gold-silver-copper prospect that features several known
mineral occurrences, including areas that have produced samples of *15.8 grams-per-tonne (“g/t”)
gold (“Au”), 15.5 g/t Au, 12.1% copper (“Cu”) and 143 g/t silver (“Ag”). The Bauline Epithermal Gold
project also contains multiple gold occurrences up to 2.8 g/t Au.
The acquisition of Black Ridge and Bauline, along with the previously announced GB Copper -Gold
Project (see Company news release dated May 28, 2019) , now gives the Company a total of 3,325 -
hectares of highly prospective gold-silver-copper exploration ground in Newfoundland.
“We were eager to add additional ground to the Newfoundland portion of our project portfolio,” said
president & CEO, Alex Klenman. “We really like the jurisdiction, it is a growing gold and precious metals
exploration destination, with lots of regional success reported in recent months. We feel consolidating
a good land position there, at this time, is an excellent value-add strategy. There has been some high-
grade sampling done on the projects to date, with lots of ground left to cover. As the gold price edges
higher, we’re confident adding these and our other Canadian projects will greatly benefit our long-term
goals while complimenting our continuing West African exploration efforts,” continued Mr. Klenman.
In consideration for the acquisition of the two projects, the Company is required to issue 5,500,000
common shares. The Company is also required to grant a two percent net smelter returns royalty on
commercial production from the projects, one -half of which may be purchased at any time for a cash
payment of $1,000,000.
In connection with completion of the acquisition of the projects, the Company intends to issue 491,448
common shares to an arms’ -length third-party who assisted with introducing the opportunity to the
Company.
All securities to be issued in connection with the acquisition of the projects will be subject to a four -
month-and-one-day statutory hold period in a ccordance with applicable securities laws. The
acquisition remains subject to the approval of the TSX Venture Exchange and cannot be completed
until such time as approval is obtained.
*While the Company considers the historical sample results in this news result to be accurate, readers
are cautioned that the Company’s Qualified Person has not yet verified the laboratory reports involved
with the analysis of these samples.
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active
projects in West Africa and Canada. The Company is concentrating its efforts on establishing a
compliant resource at one or more of it's four current West African -based projects which total over
560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while
also conducting developmental phases on its three 100% -owned Canadian projects, McKenzie Gold
Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge R iver Mining Camp,
and the GB Gold -Copper Project, located in Newfoundland. For more information please visit
www.nexusgoldcorp.com.
Warren Robb P.Geo., Vice -President, Exploration, is the designated Qualified Person as defined by
National Instrument 43-101 and is responsible for the technical information contained in this release.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
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 diff er 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.