Nexus GOLD Signs Letter of Intent with Hawkmoon Resources to Evaluate Potential Joint Venture Opportunity of Canadian Project
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
Telephone: 604-558-1919
NEWS RELEASE
NEXUS GOLD SIGNS LETTER OF INTENT WITH HAWKMOON RESOURCES TO EVALUATE
POTENTIAL JOINT VENTURE OPPORTUNITY OF CANADIAN PROJECT
Vancouver, Canada – August 23, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has signed a letter of intent with Hawkmoon
Resources Corp. (“ Hawkmoon”) to evaluate a n acquisition or potential joint venture for the
development of one of the Company’s Canadian-based gold projects.
Under the terms of the letter of intent, the Company and Hawkmoon intend to evaluate a potential
transaction in which Hawkmoon would acquire outright, or acquire an interest in, one of the Company’s
Canadian gold projects in exchange for funding the ongoing development of that project.
The Company’s project portfolio in Canada includes a series of five exploration -stage gold projects
located in Ontario , British Columbia and Newfoundland. Please see the project section of the Nexus
Gold website - www.nexusgoldcorp.com - for details on the Company’s current Canadian holdings.
Nexus m anagement intends to add project generation as a supplemental component to its current
exploration model.
Hawkmoon is a Canadian mini ng exploration company, currently focused on the development of the
Romeo Project, located within the Urban-Barry Gold Camp in western Quebec. Hawkmoon is privately
held and intends to pursue a going public transaction in the near future.
“We’re pleased Hawkmoon is serious about potentially taking an interest in one or more of our
Canadian projects,” said Nexus president and CEO, Alex Klenman. “We feel adding project generation
is a strategically important move for Nexus. This letter of intent with Hawk moon is a first step in
establishing this as a viable addition to the current exploration business model,” continued Mr.
Klenman.
Readers are cautioned that the letter of intent entered into with Hawkmoon does not set forth
definitive terms for the potenti al transaction, nor have such terms been negotiated or
finalized. Completion of any transaction with Hawkmoon is subject to a number of conditions
including, but not limited to, satisfactory completion of due diligence, negotiation of definitive
agreements in respect of such a transaction, the availability of financing on acceptable terms, and
receipt of any required regulatory approvals. A transaction cannot be completed until these conditions
are satisfied, and there can be no assurance that a transaction will be completed at all.
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 ongoing developmental work on its five 100%-owned Canadian projects, namely the
McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River
Mining Camp, and three prospective gold-copper projects (3,300-ha) in the province of Newfoundland.
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
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 re cent 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.