Author: Date

(MENAFN– GlobeNewsWire – Nasdaq) TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the“ Company ”) is pleased to provide a further update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project (“ Goldboro ”) in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. The assay results for an additional 8 infill diamond drill holes (BR-25-515, 521, 523, 527, 530, 534, 539, and 544), totalling 1,687.00 metres, are from drilling in the proposed west pit (Figure 1; Table 1).

Drilling is now finished for this program and the Company has completed a total of 26,854 metres in 141 drill holes. Additional drill holes were completed beyond the planned 25,000 metres due to program efficiencies and the Company decided to twin additional 1980s and 1990s drill holes. With drilling now complete the Company will continue to report assay results through Q3 as they become available.

Kevin Bullock, President and CEO, stated:“We are very pleased to have completed this phase of infill drilling at the Goldboro Gold Project which has shown early positive results in assays received to date from the proposed east and west pits. Efficiencies with the drilling program allowed us to complete additional twinning of historic drill holes which will further help to de-risk the project moving forward. We will now turn our attention to updating the Goldboro Mineral Resource as we receive data. Updating the Mineral Resource will provide the basis of the planned Feasibility Study update. The timing of finishing the drill program and initiating a Mineral Resource update is timed well with recent news of the Notice of Completion for the Nova Scotia Industrial Approval for the Project.”

Selected drill intersections from 8 diamond drill holes in this release include:

3.58 g/t gold over 18.3 metres (from 139.0 to 157.3 metres), including 59.40 g/t gold over 0.6 metres in drill hole BR-25-530;

2.79 g/t gold over 19.7 metres (from 291.3 to 311.0 metres), including 72.80 g/t gold over 0.5 metres in drill hole BR-25-544;

103.50 g/t gold over 0.7 metres (from 86.3 to 87.0 metres) in drill hole BR-25-523;

1.98 g/t gold over 10.0 metres (from 114.1 to 124.1 metres), including 9.66 g/t gold over 0.5 metres in drill hole BR-25-521;

0.52 g/t gold over 32.8 metres (from 125.2 to 158.0 metres), including 3.50 g/t gold over 0.5 metres in drill hole BR-25-539;

2.06 g/t gold over 8.2 metres (from 169.8 to 178.0 metres), including 5.96 g/t gold over 1.75 metres in drill hole BR-25-515; and

1.80 g/t gold over 9.25 metres (from 273.0 to 282.25 metres), including 7.15 g/t gold over 1.25 metres in drill hole BR-544.

The Company has now released 50 drill holes (approximately 34%) from the infill program. Results from the drill program to date for the drilling conducted in the proposed west pit demonstrate the presence of mineralization that is consistent with previous drill results. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where no mineralization was previously known or predicted. This occurs either in under-drilled areas or near historic drilling which were not thoroughly sampled. Mineralized solids will be adjusted, where necessary, to account for local variations in the model, and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming Mineral Resource estimate planned during H2 2025.

Figure 1: Plan map showing the location of the 8 diamond drill holes in this release

Table 1: Locations and orientations for the 8 drill holes in this release.

Drill hole	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Inclination
BR-25-515	606805.2	5006484.2	66.6	194.0	180	-75
BR-25-521	606788.5	5006332.6	64.5	176.0	360	-90
BR-25-523	606816.6	5006295.8	64.3	155.0	360	-75
BR-25-527	606816.6	5006295.8	64.3	206.0	360	-85
BR-25-530	606755.9	5006316.1	65.6	242.0	007	-65
BR-25-534	606761.6	5006264.4	64.6	203.0	360	-55
BR-25-539	606685.2	5006325.7	64.7	200.0	007	-65
BR-25-544	606745.5	5006142.9	59.2	311.0	360	-40

Notes:

Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 20 coordinates

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

Table 2: Highlighted drill intersections from 8 drill holes

	Drill hole	From (m)	To (m)	Length (m)	Au g/t
	BR-25-515	15.00	17.80	2.80	0.41
	and	26.90	28.00	1.10	0.52
	and	32.00	33.26	1.26	1.26
	and	38.00	38.50	0.50	1.22
	and	48.00	58.00	10.00	0.26
	including	57.00	58.00	1.00	1.16
	and	66.40	68.50	2.10	2.51
	including	66.40	67.00	0.60	7.43
	and	84.55	85.05	0.50	0.59
	and	143.75	145.15	1.40	6.33
	including	144.45	145.15	0.70	12.00
	and	169.80	178.00	8.20	2.06
	including	173.50	175.25	1.75	5.96
	BR-25-521	28.00	28.50	0.50	0.42
	and	40.20	40.70	0.50	3.26
	and	71.00	72.00	1.00	3.18
	and	114.10	124.10	10.00	1.98
	including	121.10	121.60	0.50	9.66
	and	156.90	157.90	1.00	1.27
	BR-25-523	86.30	87.00	0.70	103.50
	and	90.30	91.10	0.80	1.36
	and	94.50	95.20	0.70	3.34
	and	103.50	104.00	0.50	1.16
	and	126.75	128.60	1.85	1.83
	including	127.25	128.00	0.75	3.15
	and	134.50	137.00	2.50	0.46
	BR-25-527	110.90	111.90	1.00	0.97
	and	126.00	127.00	1.00	0.67
	and	159.50	165.80	6.30	1.32
	including	165.00	165.80	0.80	5.15
	BR-25-530	77.80	80.90	3.10	0.92
	including	79.10	79.90	0.80	2.86
	and	85.10	87.00	1.90	0.39
	and	124.50	128.00	3.50	0.71
	and	139.00	157.30	18.30	3.58
	including	140.00	140.60	0.60	59.40
	and including	149.70	150.20	0.50	9.17
	and	160.90	164.00	3.10	0.54
	and	169.00	172.20	3.20	1.00
	including	171.00	171.50	0.50	4.81
	and	215.60	221.00	5.40	0.71
	and	226.50	227.60	1.10	0.40
	BR-25-534	121.00	122.00	1.00	2.46
	and	125.00	126.90	1.90	0.42
	and	151.60	152.10	0.50	1.05
	and	178.40	179.60	1.20	0.86
	and	191.35	201.40	10.05	0.91
	including	193.00	193.65	0.65	5.75
	BR-25-539	44.70	45.60	0.90	0.95
	and	54.00	62.00	8.00	1.05
	including	58.00	59.00	1.00	3.64
	and	86.00	87.00	1.00	8.96
	and	95.00	96.00	1.00	0.51
	and	111.00	117.30	6.30	0.90
	including	115.80	116.30	0.50	3.50
	and	125.20	158.00	32.80	0.52
	including	115.80	116.30	0.50	3.50
	and	170.75	175.70	4.95	0.32
	including	170.75	171.35	0.60	1.70
	and	190.20	191.00	0.80	0.60
	BR-25-544	43.70	44.20	0.50	9.38
	and	112.00	114.00	2.00	2.20
	including	112.00	112.50	0.50	7.49
	and	228.40	228.90	0.50	0.70
	and	260.60	261.60	1.00	1.03
	and	273.00	282.25	9.25	1.80
	including	277.45	278.70	1.25	7.15
	and	284.90	287.30	2.40	1.33
	and	291.30	311.00	19.70	2.79
	including	294.00	294.50	0.50	72.80
	and including	298.00	302.00	4.00	1.08
	and including	303.60	305.10	1.50	3.43

Notes:

Reported intervals are drilled core lengths and do not indicate true widths. True widths are estimated at between 50-100% of core length. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are uncapped.

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Drill holes BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512 were reported in a previous press release dated June 19, 2025.

Technical Disclosure and Qualified Persons

QA / QC

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The NQ diameter drill core is sawn in half with one-half of the core sample dispatched to either Eastern Analytical Ltd. (Eastern) preparation facility in Springdale, Newfoundland and Labrador or the ALS Canada Ltd. (ALS) prep lab in Moncton, NB and then the pulp is sent to North Vancouver, BC for fire assay. The other half of the core is retained for future assay verification and/or metallurgical testing. Analysis for gold was completed by fire assay (30 g) with an AA finish. All assays in this press release are reported as fire assays only.

For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Total pulp metallics assays for drill holes sited within this press release may be updated in a future news release. Check assays are conducted at Eastern for assay samples received from ALS and check assays are conducted at ALS for assays received from Eastern following the completion of a program.

Other QA/QC procedures include the regular insertion of blanks and CDN Resource Laboratories certified reference standards. The laboratory also has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream for all analysis.

Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a“Qualified Person” for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold.

About NexGold Mining Corp.

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing.

Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the Goldboro Gold Project, are available under the Company’s issuer profile on and on NexGold’s website at .

Contact: Kevin Bullock
President & CEO
(647) 388-1842
…

Orin Baranowsky
Chief Financial Officer
(647) 697-2625
…

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains or incorporates by reference“forward-looking information” within the meaning of applicable Canadian securities legislation and“forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the Company’s strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical studies. Generally, forward-looking information is characterized by the use of forward-looking terminology such as“plans”,“expects” or“does not expect”,“is expected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“is projected”,“anticipates” or“does not anticipate”,“believes”,“targets”, or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions, events or results“may”,“could”,“should”,“would”,“might”,“will be taken”,“occur” or“be achieved”.

Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those projected by such forward-looking statements. Such factors include, among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the Management’s Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company’s most recent disclosure documents filed under its SEDAR+ profile at . Although management of the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

A photo accompanying this announcement is available at

MENAFN26062025004107003653ID1109726798

(MENAFN– Newsfile Corp)
Reno, Nevada–(Newsfile Corp. – June 23, 2025) – Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF) (the ” Company ” or ” Western Exploration “) is pleased to report an updated mineral resource estimate (the ” MRE “), prepared in accordance with National Instrument 43-101 (” NI 43-101 “), for its Gravel Creek and Wood Gulch deposits, which are part of its, 100% owned Aura Project, located 120 kilometers north of Elko, Nevada.

Highlights of the updated MRE include:

A significant increase in grades and ounces, at a 3.0g AuEq/t cutoff^*, in the inferred mineral resource category, reflecting the positive contribution from the high-grade vein discovery hosted in Jarbidge rhyolite east of Gravel Creek.

Increased ounces of gold in the inferred mineral resource category from 367,000 oz/Au to 571,000 oz/Au, representing a 56%* increase in ounces of gold and a 9% increase in grade of gold.

Increased ounces of silver in the inferred mineral resource category from 5,307,000 oz/Ag to 9,726,000 oz/Ag, representing an 83%* increase in ounces of silver and a 28%* increase in grade of silver.

Indicated gold equivalent grade and ounces, reported at a 3.0 g Aueq/t cutoff, remained relatively constant between 2021 and 2025 with 216,000 ounces Au and 3,367,000 ounces Ag being reported in the current MRE.

Watch the CEO news summary HERE

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“The updated MRE at Gravel Creek-Wood Gulch validates our exploration model and reinforces two years of drilling success,” said Darcy Marud, CEO and President of Western Exploration. “Our revised geologic models highlight new exploration opportunities along the GC Fault at Gravel Creek and the potential to expand high-grade veins in the Jarbidge rhyolite. This update reinforces our strategy and underscores Western Exploration’s momentum in growing the resource footprint.

“While Wood Gulch remains the focus of our 2025 exploration program, the significant increase at Gravel Creek supports a more extensive drill program aimed at additional resource growth. The strength of this updated resource, combined with favorable market conditions for both gold and silver, positions us to deliver shareholder value in the near term.”

Join Darcy for a live webinar on Thursday, June 26, at 1 pm PT where he will discuss key highlights from the Mineral Resource Estimate news release. Please Register here.

The MRE was prepared by RESPEC Company LLC (” RESPEC “), based in Reno, Nevada. A technical report is being prepared in accordance with NI 43-101 (the ” Technical Report “), which will include the results of the updated MRE described in this news release and the preliminary economic assessment for Doby George, as described in the news release of the Company dated May 8, 2025 (entitled “Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at the Aura Project”) (the ” PEA News Release “). The Technical Report will be filed within 45 days of the PEA News Release.

Significance of Results

The significant expansion of the inferred mineral estimate at the Gravel Creek deposit demonstrates that the Company has executed on its strategic initiative to expand the mineralized footprint. The MRE is based on 96 drill holes exhibiting a remarkable success rate in drilling, which management expects could translate into additional resource expansion with continued drilling and exploration activities.

Table 1: Resource Comparison

Indicated – Gravel Creek 2025	2025 vs 2021	Indicated – Gravel Creek 2021
Cutoff AuEq g/t	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (ozs)	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (ozs)	Cutoff AuEq g/t	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (ozs)
															2.0	2,079,000	3.72	249,000	59.6	3,986,000	4.58	306,000
3.0	1,331,000	5.04	216,000	78.7	3,367,000	5.95	254,000	1%	7%	8%	5%	6%	2%	4%	3.0	1,315,000	4.73	200,000	75.0	3,169,000	5.81	245,000
Inferred – Gravel Creek 2025	2025 vs 2021	Inferred – Gravel Creek 2021
Cutoff AuEq g/t	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag( ozs)	AuEq (g/t)	AuEq (ozs)	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (ozs)	Cutoff AuEq g/t	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (ozs)
															2.0	5,394,000	3.12	540,000	45.5	7,897,000	3.77	653,000
3.0	3,933,000	4.52	571,000	76.9	9,726,000	5.39	683,000	43%	9%	56%	28%	83%	7%	54%	3.0	2,744,000	4.16	367,000	60.2	5,307,000	5.02	443,000

Note: Table 1: Resource Comparison contains a comparison of indicated and inferred mineral resource estimates between 2021 and 2025, describing the updated MRE at 3.0 g AuEq/t cut-off grade and the prior mineral resource estimates in the Prior Report (which applied a 2.0g AuEq/t cutoff grade) at a 3.0g AuEq/t cutoff grade contained in a sensitivity table in the Prior Report.

The current resource increase is attributed primarily to the 2023-2024 high-grade vein discovery in the Jarbidge rhyolite hanging wall zone east of Gravel Creek, and the positive impact of a revised geologic and structural model.

At Jarbidge, initial geologic and resource modelling has demonstrated remarkable continuity for an area that has currently only been tested by 19 diamond drill holes. The new zone contributed approximately half of the gold ounces and a majority of the silver ounces in the inferred mineral resource category, representing significant increases in the updated MRE. The mineral resource estimate applied the same methodology at Gravel Creek, including 4-meter estimation block sizes. Additional drilling will be required to provide better definition of the high-grade veins and upgrade resource classification.

The new Gravel Creek geologic/structural model shows that mineralization is controlled by the northwest-trending GC Fault, with Au-Ag mineralization along the Paleozoic-Eocene unconformity and in favorable volcanic host lithologies. The model displays better continuity of mineralization and highlights significant potential for resource expansion along the strike.

In combination with the prospective target along 3.0 km of the Tomasina Fault zone (see the news release of the Company dated February 24, 2025 entitled “Western Exploration Expands Exploration Footprint at Gravel Creek with 3.0 Km Untested Structural Corridor at the Past Producing Wood Gulch Mine”), Western Exploration now has three high priority targets to pursue that have potential to increase the Gravel Creek-Wood Gulch resource significantly. Drilling of the Tomasina target is scheduled to begin in late July or early August of 2025.

Figure 1. View looking N-NW showing comparative dimensions of the +2.0 g/t AuEq grade shells for the Gravel Creek and Jarbidge resource areas. Gravel Creek Resource shows dominant control by the N45W, 70NE GC Fault system, with shallower mineralization reflecting stratigraphic control within the Eocene Frost Creek tuff. Mineralization within the Jarbidge Discovery Zone reflects control of dominantly N-S trending, moderately west dipping vein/stockwork/breccia zones.

To view an enhanced version of this graphic, please visit:

Table 2: Updated Mineral Resource Estimate

MINERAL RESOURCE ESTIMATE (1,6)
Indicated	Inferred
	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (oz)	Tonnes	Au (g/t)	Au (ozs)	Ag (g/t)	Ag (ozs)	AuEq (g/t)	AuEq (oz.)
Gravel Creek (4)	1,331,000	5.04	216,000	78.7	3,367,000	5.95	254.000	3,933,000	4.52	571,000	76.9	9,726,000	5.39	683,000
Wood Gulch (5)	–	–	–	–	–	–	–	2,741,000	0.75	66,000	6.2	545,000	0.82	73,000
Doby George (8)	13,662,000	0.90	394,000	–	–	0.90	394,000	3,270,000	0.68	71,000	–	–	0.68	71,000
TOTAL	14,993,000	1.27	610,000	7.0	3,367,000	1.35	648,000	9,944,000	2.22	708,000	32.1	10,271,000	2.58	827,000

Note: Table 2: Updated Mineral Resource Estimate contains the mineral resource estimates for the Aura Project expected to be included in the Technical Report.

Notes :

The effective date of the Wood Gulch-Gravel Creek mineral resource estimate is May 27, 2025.

In-situ mineral resources are classified in accordance with CIM Definition Standards for Mineral Resources & Mineral Reserves prepared by the CIM Standing Committee on Reserve Definitions.

The average grades of the tabulations are comprised of the weighted average of block-diluted grades within the underground shells and optimized pits.

The Gravel Creek MRE is reported using a cut-off grade of 3.0g AuEq/t. Gold equivalent values were calculated using metal prices of US$2,025 per oz for gold and US$24 per oz for silver, and metallurgical recoveries of 95% for gold and 92% for silver. The AuEq calculation accounts for metal prices and recoveries only. The 3.0g AuEq/t cut-off grade was applied to constrain the reported mineral resource estimates to material with reasonable prospects for economic extraction.

The Au cut-off grade for Wood Gulch Mineral Resources is based on an Au price of US$2,150/oz, an average recovery of 66% Au, a processing rate of 7,500 tonnes per day and cost assumptions including: US$3.02/t mining cost for open-pit mining; US$6.52/t processing cost; US$1.89/t processed G&A cost; and US$5.00/oz Au refining cost.

The effective date of the Doby George mineral resource estimate is January 27, 2025.

The project mineral resources are comprised of all model blocks at a cutoff grade of 0.17 g Au/t for all material within optimized pits.

The gold cutoff grade for Doby George mineral resource estimate is based on an gold price of US$2,150/oz, an average recovery of 66% Au, a processing rate of 7,500 tonnes per day, and cost assumptions including: US$3.02/t mining cost for open-pit mining; US$6.52/t processing cost; US$1.89/t processed G&A cost, and US$5.00/oz Au refining cost. An average royalty of 3% has also been applied to cutoff grade determination.

The mineral resource estimates described herein may be materially affected by geology, environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

There are no known factors related to metallurgical, environmental, permitting, legal, title, taxation, socio-economic, marketing or political issues which could materially affect the mineral resource estimate described in this news release.

Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grade, and contained metal content.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. An inferred mineral resource estimate has a lower level of confidence than an indicated mineral resource estimate, and has not been converted into a mineral reserve. It is reasonably expected that a majority of the inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.

2025 Exploration Plan

Exploration will continue in 2025 with an approximate 4,000 meter drill program focused on the Tomasina Fault Zone at Wood Gulch. Wood Gulch is a former producing open pit mine and geological reinterpretation based on prior drill results has reprioritized Wood Gulch as a highly prospective target. While Wood Gulch is the focus of Western Exploration’s 2025 exploration program, the significant resource increase at Gravel Creek (as described in this news release) supports a more extensive drill program aimed at infill drilling and resource expansion. In addition, the Company will continue to de-risk the project through project refinement, both in terms of potential processing and cost parameters, continued geotechnical work, ongoing environmental studies, and permit planning.

MRE Methodology

The Wood Gulch-Gravel Creek mineral resource estimate includes the Gravel Creek, Saddle, and Southeast deposits. RESPEC modeled and estimated gold and silver mineral resources as follows:

Constraining Gravel Creek low-, mid-, and high-grade gold and silver mineral domains were modeled on 50 meter-spaced vertical sections and transposed to long sections centered at mid-block locations. The Gravel Creek geological model and other relevant geological data were used to guide the modeling of mineral domains.

A block model – with 4m by 4m by 4m blocks – was coded with the gold and silver domains using the long section interpretations.

Drill-hole assays were composited to a 3 meter length, honoring the mineralized gold domains.

Gold and silver grades were interpolated into the block model using the mineral domains to explicitly constrain grade estimations. RESPEC utilized Inverse Distance Cubed (ID³) and Quadrupled (ID⁴) interpolations for a two-pass estimation. The first pass used a maximum search distance of 400 meters and applied ID³ interpolation to all domains. The second pass applied ID³ interpolation to the low- and mid-grade domains and ID⁴ interpolation to the high-grade domain to a maximum search distance of 80 meters. Individual domain grades were weighted-averaged to produce fully block-diluted reported mineral resources.

The Doby George MRE includes the West Ridge, Daylight, and Twilight deposits. RESPEC modeled the mineral resource estimate for gold as follows:

Constraining gold mineral domains of low- and high-grade mineralization were modeled on 30 meter spaced vertical sections and transposed to long sections centered at 6 meter mid-block locations. The Doby George geological model and other relevant geological data were used to guide the modeling of mineral domains.

A block model – with 6m by 6m by 6m blocks – was coded with the gold domains using the 6 meter spaced long section interpretations.

Drill-hole assays were composited to a 3 meter length, honoring the mineralized gold domains.

Gold grades were interpolated into the block model using gold mineral domains to explicitly constrain grade estimations. RESPEC utilized Inverse Distance Cubed (ID³) and Quadrupled (ID⁴) interpolations for the estimation, achieving a localizing effect in the high-grade domain, and applied ID³ interpolation to the low-grade domain estimate. Individual domain grades were weight averaged to produce fully block-diluted reported mineral resources.

Quality Assurance – Quality Control

Drill program design, Quality Assurance/Quality Control (” QA/QC “) and the interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices.

Technical Information

The MRE was prepared for Western Exploration by Mr. Michael S. Lindholm, C.P.G. of RESPEC in Reno, Nevada, who is a qualified person for purposes of NI 43-101 and independent of Western Exploration as defined in Section 1.5 of NI 43-101. The scientific and technical information in this news release has been reviewed and approved by Mr. Michael S. Lindholm, C.P.G. of RESPEC.

For readers to fully understand the information in this news release, reference should be made to the full text of the Technical Report, once filed, including all assumptions, qualifications and limitations therein. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.

About Western Exploration

Western Exploration is focused on advancing the 100% owned Aura Project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada. The Aura Project includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. Western Exploration is comprised of an experienced team of precious metals experts that aim to lead the company to becoming North America’s premiere gold and silver development company.

Additional information regarding Western Exploration can be found on Western Exploration’s corporate website ( ) and on SEDAR+ ( ) under Western Exploration’s issuer profile.

For further information, please contact:

Darcy Marud
Chief Executive Officer
Telephone: (775) 329-8119
Email: …

Nichole Cowles
Investor Relations
Telephone: (775) 240-4172
Email: …

Cautionary Statements Regarding Estimates of Mineral Resources

This news release uses the terms measured, indicated, and inferred mineral resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The mineral resource estimate disclosed in this news release may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing, or other relevant issues. The mineral resource estimate is classified in accordance with CIM Definition Standards for Mineral Resources & Mineral Reserves prepared by the CIM Standing Committee on Reserve Definition, which is incorporated by reference into NI 43-101. Under NI 43-101, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for preliminary economic assessments. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically.

Inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. On October 31, 2018, the SEC adopted new mining disclosure rules (” S-K 1300 “) that are more closely aligned with current industry and global regulatory practices and standards, including NI 43-101, although there are some differences in the two standards. Accordingly, information concerning mineral deposits contain in this release may not be comparable with information made public by U.S. companies that report in accordance with S-K 1300.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of the applicable Canadian and United States securities legislation (collectively, ” forward-looking statements “). These forward-looking statements, by their nature, require the Company to make certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the significance of the results of the MRE; the Technical Report being filed within 45 days of May 8, 2025 (if at all) supporting the results of the MRE described in this news release; the ability of exploration activities, including drilling, to accurately predict mineralization; management’s expectations on the grade and extension of mineralization; the accuracy of results from prior exploration activities conducted at the Aura Project; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Doby George, Gravel Creek and Wood Gulch mineral deposits; and the schedule of further drilling and exploration activities. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Western Exploration to complete further exploration activities, including drilling; the uncertain nature of exploration activities; property and royalty interests in respect of the Aura Project; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Western Exploration cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Western Exploration nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Western Exploration does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements and forward-looking information made in this news release concerning Western Exploration, please refer to the continuous disclosure record of Western Exploration on SEDAR+ ( ) under Western Exploration’s issuer profile. The forward-looking statements set forth herein concerning Western Exploration reflect management’s expectations as at the date of this news release and are subject to change after such date. Western Exploration disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit

SOURCE: Western Exploration Inc.

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(MENAFN– GlobeNewsWire – Nasdaq) TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the“ Company ”) is pleased to provide an update on its ongoing 25,000-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Gold Project in Nova Scotia (“ Goldboro ”). The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. The drilling is progressing well with two active diamond drills. The drilling is anticipated to be completed at the end of Q2 with final assays flowing in through the middle of Q3.

The assay results for an additional 11 infill diamond drill holes (BR-25-476, 480, 484, 487, 490, 493, 496, 499, 504, 507 and 512), totalling 3,063.00 metres, were from drilling in the proposed west pit (Figure 1; Table 1).

Kevin Bullock, President and CEO, stated:“With the 25,000-metre diamond drill program nearly complete and as we continue to receive assay data, we are encouraged by the results and their potential to positively impact the planned Mineral Resource update by providing more confidence through increased data density in certain areas of the deposit and the potential to add more mineralization in previously under-sampled intervals. Populating the Mineral Resource with additional geological and assay data will provide the basis of the planned Feasibility Study update. The Feasibility Study update will be ongoing while we await the final decision on the Nova Scotia Industrial Approval for the Project, having recently received the Notice of Completion regarding the Company’s Industrial Approval application – a significant milestone in the permitting of the Goldboro Gold Project. Both permitting and technical studies are well aligned for timing a construction decision in 2026.”

Selected drill intersections from 11 diamond drill holes in this release include:

1.60 g/t gold over 36.80 metres (from 271.20 to 308.0 metres) including 53.57 g/t gold over 0.60 metres in drill hole BR-25-504;

0.83 g/t gold over 32.55 metres (from 234.50 to 267.05 metres) including 6.00 g/t gold over 1.60 metres in drill hole BR-25-504;

0.61 g/t gold over 21.80 metres (from 209.00 to 230.80 metres), including 6.06 g/t gold over 0.60 metres in drill hole BR-25-507;

0.91 g/t gold over 12.30 metres (from 238.60 to 250.90 metres), including 1.42 g/t gold over 7.20 metres in drill hole BR-25-507;

2.47 g/t gold over 4.65 metres (from 266.55 to 271.20 metres), including 9.55 g/t gold over 1.00 metre in drill hole BR-25-484; and

3.36 g/t gold over 3.60 metres (from 205.40 to 209.00 metres), including 14.70 g/t gold over 0.80 metres in drill hole BR-25-484.

The Company has now released 42 drill holes (approximately 30% of the proposed program) from the infill program. Results from the drill program to date for the drilling conducted in the proposed west pit demonstrate the presence of mineralization that is consistent with previous drill results. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where no mineralization was previously known or predicted. This occurs either in under-drilled areas or near historic drilling which were not thoroughly sampled. Mineralized solids will be adjusted where necessary to account for local variations in the model, and any impact due to additional assay data gathered during the drill program will be investigated during the forthcoming Mineral Resource estimate planned during H2 2025.

Figure 1: Plan map showing the location of the 11 diamond drill holes in this release

Table 1: Locations and orientations for 11 drill holes in this release.

Drill hole	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Inclination
BR-25-476	606390.4	5006636.1	66.1	284.0	180	-48
BR-25-480	606426.1	5006629.3	68.1	301.0	180	-48
BR-25-484	606487.2	5006615.7	69.0	308.0	180	-50
BR-25-487	606519.5	5006576.8	66.8	235.0	180	-64
BR-25-490	606581.5	5006613.8	67.7	226.0	180	-47
BR-25-493	606581.5	5006613.8	67.7	241.0	180	-56
BR-25-496	606632.9	5006611.0	60.9	278.0	180	-59
BR-25-499	606633.8	5006563.3	62.0	311.0	180	-61
BR-25-504	606629.7	5006525.2	61.6	308.0	180	-62
BR-25-507	606699.8	5006543.7	64.4	302.0	177	-55
BR-25-512	606699.8	5006543.7	64.4	269.0	177	-65

Notes:

Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 20 coordinates.

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Table 2: Highlighted drill intersections from 11 drill holes

Drill hole	From (m)	To (m)	Length (m)	Au g/t
BR-25-476	124.00	127.10	3.10	2.06
including	126.50	127.10	0.60	8.81
and	181.80	182.30	0.50	0.76
and	198.00	200.60	2.60	0.75
and	209.00	209.50	0.50	1.34
and	237.85	242.40	4.55	1.37
including	239.00	241.40	2.40	3.40
and	275.00	275.50	0.50	1.50
BR-25-480	128.50	129.00	0.50	2.39
and	159.70	162.70	3.00	1.33
including	161.70	162.70	1.00	3.49
and	223.40	226.00	2.60	0.90
and	236.50	245.40	8.90	0.23
and	258.80	261.82	3.02	2.12
including	259.80	260.30	0.50	7.28
and	267.82	268.82	1.00	1.14
and	279.20	282.00	2.80	2.24
including	281.00	282.00	1.00	4.36
and	293.34	294.70	1.36	1.25
BR-25-484	145.70	146.70	1.00	1.97
and	201.00	202.00	1.00	2.54
and	205.40	209.00	3.60	3.36
including	205.40	206.20	0.80	14.70
and	246.60	247.20	0.60	1.10
and	253.00	254.65	1.65	0.59
and	266.55	271.20	4.65	2.47
including	269.20	270.20	1.00	9.55
and	67.00	75.00	8.00	0.62
including	73.00	74.00	1.00	3.35
BR-25-487	90.50	91.50	1.00	0.56
and	169.60	170.60	1.00	0.58
BR-25-490	17.00	18.00	1.00	0.98
and	26.00	27.00	1.00	1.41
and	116.50	117.00	0.50	0.59
and	190.50	200.00	9.50	0.18
BR-25-493	199.00	199.50	0.50	4.50
BR-25-496	62.00	63.00	1.00	0.90
and	148.00	150.00	2.00	1.07
and	233.00	234.00	1.00	2.42
BR-25-499	36.50	38.00	1.50	0.54
and	86.10	87.10	1.00	0.84
and	115.50	119.50	4.00	0.96
including	115.50	116.00	0.50	5.72
and	157.50	158.00	0.50	9.04
and	171.00	172.00	1.00	3.68
and	175.80	176.30	0.50	2.10
and	191.50	194.00	2.50	1.17
and	279.70	285.00	5.30	0.49
BR-25-504	33.40	34.10	0.70	1.98
and	100.70	101.20	0.50	0.55
and	110.00	112.50	2.50	1.92
including	110.00	110.50	0.50	9.33
and	120.50	121.00	0.50	9.87
and	138.25	139.50	1.25	1.38
and	178.60	182.70	4.10	1.20
including	180.80	181.70	0.90	4.18
and	198.90	199.50	0.60	1.20
and	234.50	267.05	32.55	0.83
including	234.50	236.10	1.60	6.00
and	271.20	308.00	36.80	1.60
including	278.00	278.60	0.60	53.57
BR-25-507	21.40	22.10	0.70	0.64
and	54.00	54.50	0.50	0.57
and	76.80	80.00	3.20	0.43
including	76.80	77.30	0.50	2.07
and	86.25	87.60	1.35	1.71
and	156.50	157.00	0.50	0.62
and	159.40	161.40	2.00	0.56
and	173.50	174.00	0.50	2.00
and	189.80	190.30	0.50	1.06
and	209.00	230.80	21.80	0.61
including	219.40	220.00	0.60	6.06
and	238.60	250.90	12.30	0.91
including	238.60	245.80	7.20	1.42
and	264.15	268.00	3.85	0.59
and	300.50	301.00	0.50	0.72
BR-25-512	80.50	81.00	0.50	0.53
and	181.00	191.00	10.00	0.46
and	197.00	197.50	0.50	1.73
and	259.10	261.40	2.30	1.02
and	265.30	266.45	1.15	1.30

Notes:

Reported intervals are drilled core lengths and do not indicate true widths. True widths are estimated at between 50-100% of core length. For duplicate samples, the original sample assays are used to calculate the intersection grade. All grades are uncapped.

Some drill hole numbers are missing from the sequence. These drill holes are not reported in this press release since they were drilled in another location and will be reported in a separate release with other contiguous or related drilling information.

Drill holes BR-25-466 to 475, 479, 498 and 501 were reported in previous press releases dated May 16 and June 5, 2025.

Drill holes BR-25-477, 478, 481 to 483, 486, 489, 491, 495, 502, 505, 508, 510, 513, 518, 520, 522, and 524 were reported in a previous press release dated June 13, 2025.

Technical Disclosure and Qualified Persons

QA / QC

The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The NQ diameter drill core is sawn in half with one-half of the core sample dispatched to either Eastern Analytical Ltd. (Eastern) preparation facility in Springdale, Newfoundland and Labrador or the ALS Canada Ltd. (ALS) prep lab in Moncton, NB and then the pulp is sent to North Vancouver, BC for fire assay. The other half of the core is retained for future assay verification and/or metallurgical testing. Analysis for gold was completed by fire assay (30 g) with an AA finish. All assays in this press release are reported as fire assays only.

For samples analyzing greater than 0.5 g/t Au via 30 g fire assay, these samples will be re-analyzed at Eastern via total pulp metallics. For the total pulp metallics analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Total pulp metallics assays for drill holes sited within this press release may be updated in a future news release. Check assays are conducted at Eastern for assay samples received from ALS and check assays are conducted at ALS for assays received from Eastern following the completion of a program.

Other QA/QC procedures include the regular insertion of blanks and CDN Resource Laboratories certified reference standards. The laboratory also has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream for all analysis.

Paul McNeill, P.Geo., VP Exploration of NexGold, is considered a“Qualified Person” for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the scientific and technical disclosure contained in this news release on behalf of NexGold.

About NexGold Mining Corp.

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. NexGold’s Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) is located in Northwestern Ontario and its Goldboro Gold Project is located in Nova Scotia. NexGold also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, NexGold holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. NexGold is committed to inclusive, informed and meaningful dialogue with regional communities and Indigenous Nations throughout the life of all our Projects and on all aspects, including creating sustainable economic opportunities, providing safe workplaces, enhancing of social value, and promoting community wellbeing.

Further details about NexGold, including a Prefeasibility Study for the Goliath Gold Complex and a Feasibility Study for the Goldboro Gold Project, are available under the Company’s issuer profile on and on NexGold’s website at .

Contact: Kevin Bullock
President & CEO
(647) 388-1842
…

Orin Baranowsky
Chief Financial Officer
(647) 697-2625
…

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains or incorporates by reference“forward-looking information” within the meaning of applicable Canadian securities legislation and“forward-looking statements” within the meaning of applicable U.S. securities laws. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking information including, but not limited: to information as to the Company’s strategic objectives and plans; timing and results of drilling activities; potential for upgrading mineral resources; expected initiatives to be undertaken by management of the Company in identifying exploration opportunities; and timing of advancement and completion of technical studies. Generally, forward-looking information is characterized by the use of forward-looking terminology such as“plans”,“expects” or“does not expect”,“is expected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“is projected”,“anticipates” or“does not anticipate”,“believes”,“targets”, or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions, events or results“may”,“could”,“should”,“would”,“might”,“will be taken”,“occur” or“be achieved”.

Forward-looking information involve known or unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those projected by such forward-looking statements. Such factors include, among others: the plan for, and actual results of, current exploration activities; expectations relating to future exploration, development and production activities as well as growth potential for NexGold’s operations; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities; the ability of NexGold to complete further exploration activities, including drilling at the Goliath Gold Complex and Goldboro deposits; the ability of the Company to obtain required approvals; the results of exploration activities; risks relating to mining activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of mineral resources, production and cost estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to tax laws, royalties and environmental regulations; and those factors described in the Management’s Discussion and Analysis for the year ended December 31, 2024 of the Company and in the Company’s most recent disclosure documents filed under its SEDAR+ profile at . Although management of the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented to assist shareholders in understanding the Company’s the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

A photo accompanying this announcement is available at

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(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – June 16, 2025) – NexMetals Mining Corp. (TSXV: NEXM) (OTC Pink: PRMLF) (” NEXM ” or the ” Company “) is pleased to announce that Brett MacKay has been appointed Senior Vice President & Chief Financial Officer (” CFO “), succeeding Peter Rawlins, who has stepped down from this role. The appointment of Brett MacKay as CFO will take effect immediately. Mr. MacKay most recently served as Vice President, Finance of the Company.

Mr. MacKay brings 17 years of experience in the resource sector. He joined the Company in October 2024 after holding progressively senior financial roles in reporting and business planning at Lundin Mining Corporation, where he supported the organization through a period of substantial growth, including several strategic acquisitions. Prior to joining Lundin Mining in 2013, Mr. MacKay held roles at EY serving mining sector clients in both assurance and tax practices.

Mr. MacKay holds a Bachelor of Commerce (Honours) degree with Distinction from McMaster University and is a Chartered Professional Accountant (CPA, CA) in Ontario.

“I’m excited to take on this role at a pivotal time for the Company as we execute our phased strategy to develop the Selebi and Selkirk assets. I am committed to strengthening our financial controls and delivering on our carefully planned capital allocation strategy,” stated Mr. MacKay.

Morgan Lekstrom, CEO of NEXM commented: “On behalf of the Company and the Board of Directors, I would like to welcome Mr. MacKay into the CFO role. His extensive experience and demonstrated leadership in the resource sector will continue to be an asset to the Company as we advance on our strategic objectives. I would also like to extend our sincere thanks to Peter Rawlins for his valuable contributions and dedication to the Company.”

About NexMetals Mining Corp.

NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.

NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals’ team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company’s Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.

For further information about NexMetals Mining Corp., please contact:

Morgan Lekstrom
CEO and Director
…

Jaclyn Ruptash
V.P., Communications and Investor Relations
…

Cautionary Note Regarding Forward-Looking Statements:

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Such forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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SOURCE: NexMetals Mining Corp.

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(MENAFN– Newsfile Corp)
London, United Kingdom–(Newsfile Corp. – June 11, 2025) – (The Net-Zero Circle) The “Critical Minerals & Capital – An Exclusive Dialogue” Financial Roundtable took place last week at the Niemeyer Room of the Ouro Minas Hotel during the 2nd Brazil Lithium & Critical Minerals Summit 2025, organized by IN-VR and Invest Minas. This invitation-only, strategic session gathered an elite group of financiers, investors, mining operators, government representatives, and technology providers for an in-depth dialogue on accelerating investment flows into Brazil’s rapidly growing critical minerals sector.

As Brazil cements its role as a global powerhouse in lithium, nickel, graphite, and other essential minerals, this roundtable offered a unique platform to explore innovative financing solutions and foster collaboration among key stakeholders in the critical minerals value chain.

Key themes discussed included:

Innovative financing mechanisms tailored for lithium and critical mineral projects

Challenges and opportunities in early-stage and infrastructure funding

The pivotal role of public-private partnerships and development bank support

ESG-linked finance and sustainability criteria shaping capital allocation

Policy and regulatory frameworks influencing investor confidence

Case studies showcasing successful financing structures in Latin America

Held in a focused and facilitated format, the roundtable encouraged active participant engagement, enabling representatives to share their portfolios, highlight investment priorities, and identify pathways for strategic collaboration.

Prominent participants included representatives from:

UK Export Finance (UKEF)

Brazilian Development Bank (BNDES)

Ministry of Finance (Ministério da Fazenda)

Toronto Stock Exchange

European Investment Bank

UK Government

Mining operators including Pilbara Minerals (PLS), Companhia Brasileira de Lítio (CBL), Atlas Lithium, Perpetual Resources, Spark Energy Minerals, Aclara Resources

Financial institutions such as Banco Safra, Banco do Nordeste, Prisma Capital, Regia Capital, BDMG, YVY Capital, and Ore Investment

– “I’m proud to say that Minas Gerais provides the legal and political stability necessary for sector development.” – Ronaldo Barquette, Director of Investment Attraction at Invest Minas;

– “I’m available to collaborate with financial institutions on matters related to mineral rights.” – Caio Trivellato, Director at National Mining Agency (ANM);

(Klaus Petersen from Viridis Mining, Ronaldo Barquette from Invest Minas and Guillaume Legaré from Toronto Stock Exchange at the Financial Roundtable)
To view an enhanced version of this graphic, please visit:

Minas Gerais stands at the heart of Brazil’s critical minerals landscape, supported by the region’s rich mineral endowments and Brazil’s strategic commitment to the global energy transition. This roundtable reinforces Minas Gerais’ position as a hub for capital mobilization, innovation, and sustainable mining development.

The Financial Roundtable at the Brazil Lithium & Critical Minerals Summit 2025 exemplifies the critical role of strategic, high-level collaboration in unlocking investment and accelerating responsible development within Brazil’s vital mineral sectors.

About IN-VR
IN-VR is a leading global consultancy specializing in energy, mining, and investment promotion, bridging the gap between governments and the private sector. With a track record of organizing premier industry summits, IN-VR facilitates high-impact investment opportunities and strategic collaborations worldwide.

About Invest Minas
Invest Minas is the investment promotion agency of Minas Gerais, dedicated to attracting foreign investment and fostering economic development in Brazil’s lithium and critical minerals sector.

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(MENAFN– ACCESSWIRE) NEW YORK CITY, NY / ACCESS Newswire / June 11, 2025 / New to The Street, one of the nation’s longest-running business television platforms, proudly announces a new multi-part media series spotlighting Lahontan Gold Corp. (TSX-V:LG)(OTCQB:LGCXF) and its Founder, President, and CEO Kimberly Ann Arntson . The new campaign begins filming Thursday, June 12th from the iconic New York Stock Exchange (NYSE) and will feature national television broadcasts, earned media placements, custom-produced commercials , and expansive social media distribution across all major platforms.

The announcement marks a renewed and expanded collaboration between Lahontan Gold and New to The Street, building on prior successful media appearances. As part of this enhanced engagement, the series will integrate New to The Street’s NewsOutTM video press release platform, increasing the company’s visibility to institutional investors, retail audiences, and global media outlets.

The new series will air as sponsored programming on Fox Business Network and Bloomberg Television , and will be distributed to New to The Street’s rapidly growing base of over 2.5 million YouTube subscribers . In addition, select segments will be amplified through outdoor placements across Times Square , Wall Street , and midtown Manhattan , as well as through targeted media placements with ABC, NBC, CBS, and FOX local affiliates.

The content will feature in-depth interviews with Kimberly Ann Arntson, highlighting Lahontan’s exploration strategy in Nevada’s prolific Walker Lane District, ongoing drilling results, and the company’s plans for growth and shareholder value creation.

Broadcast air dates and digital release schedules will be announced in the coming days.

About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian exploration company focused on the development of high-grade gold and silver assets in Nevada. The company’s flagship Santa Fe Project lies within the highly prospective Walker Lane District, a region renowned for its rich mining history and ongoing gold discoveries. Led by CEO Kimberly Ann Arntson, Lahontan is rapidly advancing its exploration efforts to unlock shareholder value through responsible and aggressive project development.

Website:

About New to The Street
New to The Street is a nationally recognized media platform that produces and distributes in-depth interviews and features on innovative public and private companies. Now in its 16th year, the show airs weekly as sponsored programming on Bloomberg Television , Fox Business Network , and digital outlets. With over 2.5 million YouTube subscribers , iconic Times Square billboard presence, and media partnerships across major networks, New to The Street is the go-to outlet for executive storytelling and financial news. The platform also manages NewsOutTM , a leading video press release syndication service that combines visual content with guaranteed media reach.

For media inquiries or interview opportunities:
Monica Brennan
PR Director, New to The Street

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(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – June 11, 2025) – NexMetals Mining Corp. (TSXV: NEXM) (OTC Pink: PRMLF) (” NEXM ” or the ” Company “) is pleased to announce that pursuant to its news release dated June 9, 2025, the Company’s common shares will commence trading at the market open today on the TSX Venture Exchange under the new symbol ” NEXM “.

NEXM Engages OGIB Corporate Bulletin

The Company has entered into a services agreement with OGIB Corporate Bulletin (” OGIB “) to provide strategic digital marketing services to the Company including content development and distribution, as well as campaign reporting and optimization, for a term of up to nine months. The Company has agreed to pay OGIB a total cost of CAN $40,000 in advance for these services which will be paid out of the Company’s working capital.

OGIB is wholly-owned by Keith Schaefer and is based out of Victoria, British Columbia. Both Mr. Schaefer and OGIB are arms length to the Company and, to the Company’s knowledge, hold no interest, directly or indirectly, in the securities of the Company or any right or present intention to acquire such an interest. The appointment of OGIB is subject to approval by the TSX Venture Exchange.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.

NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals’ team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company’s Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.

For further information about NexMetals Mining Corp., please contact:

Morgan Lekstrom
CEO and Director
…

Jaclyn Ruptash
V.P., Communications and Investor Relations
…

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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SOURCE: NexMetals Mining Corp.

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