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Not for Distribution to U.S. Newswire Services or Dissemination in the United States

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TORONTO, Oct. 09, 2026 (GLOBE NEWSWIRE) — NexGold Mining Corp. (TSXV: NEXG;
OTCQX: NXGCF) (“NexGold” or the “Company”) reminds holders of its common share purchase warrants issued pursuant to the Company’s flow-through private placement completed on November 6, 2024 (the “Warrants”) that the Warrants will expire at 5:00 p.m. (Toronto time) on Friday, November 6, 2026 (the “Expiry Date”).

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Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $1.05 until the Expiry Date. The original financing terms disclosed by the Company provided for a 24-month exercise period from November 6, 2024.

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As of October 8, 2026, 1,211,250 Warrants remain outstanding. Any Warrants not exercised in accordance with their terms by 5:00 p.m. (Toronto time) on the Expiry Date will expire and cease to be exercisable.

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Holders wishing to exercise their Warrants should ensure that all required exercise documentation and funds are delivered in accordance with the terms of the Warrants sufficiently in advance of the Expiry Date. Beneficial holders whose Warrants are held through a broker, investment dealer or other intermediary should promptly contact their intermediary regarding the applicable exercise procedures and any deadlines imposed by the intermediary, which may be earlier than the Expiry Date.

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The Warrants and the common shares issuable upon exercise thereof have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and applicable U.S. state securities laws or an available exemption therefrom. This news release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

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The Warrants are governed by the terms of the applicable warrant certificates and related transaction documents. In the event of any inconsistency between this news release and such documents, the terms of the applicable warrant certificates and related transaction documents will govern.

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For More Information

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Questions regarding the exercise of Warrants should be directed to the holder’s broker or other intermediary, as applicable. General questions may be directed to the Company at [email protected].

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Sprott Royalty – Shares For Debt Issuance

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Pursuant to the terms of a royalty agreement with Sprott Resources Streaming and Royalty Corp. (“Sprott Streaming”) announced on February 14, 2022 and amended on May 1, 2024 (the “Royalty Agreement”), the Company has elected to satisfy an upcoming minimum payment of US$675,000 due under the Royalty Agreement through the issuance of 716,619 common shares of the Company (the “Common Shares”) to Sprott Streaming (“Common Shares”) at a deemed price of $1.3427 per Common Share.

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Under the Royalty Agreement, NexGold is required to make minimum payments of US$675,000 on a quarterly basis, payable, at the Company’s election, in cash or Common Shares. The Common Shares are proposed to be issued as shares for debt in accordance with Policy 4.3 of the TSX Venture Exchange (“TSXV”) Corporate Finance Policies. The issuance of the Common Shares has been approved by the Board of Directors of NexGold and remains subject to the acceptance of the TSXV. Subject to receipt of such acceptance, NexGold expects to issue the Common Shares to Sprott Streaming on or about October 13, 2026.