NxGold Commences Exploration on the Mt. Roe Gold Project and Provides Update on Capital Raising

NxGold (the “Company”) (TSXV:NXN) is pleased to announce that it has commenced exploration efforts including mapping and data collection on its recently acquired Mt. Roe gold project located in the Pilbara, Western Australia.

Christopher McFadden, Chief Executive Officer, commented:

“We are excited to start the first pass exploration on the Mt. Roe gold project in the Pilbara region of Western Australia which encompasses over 5 km of known strike length of gold bearing conglomerates with existing crenulated corn flake seed gold present at surface.

We have our fully granted exploration tenements with no earn-in commitments which enables our exploration work to commence immediately.  Given that the Company’s existing cash balance is sufficient to conduct this first pass program which we believe will materially advance our knowledge of the Mt. Roe project, the Company has decided to cease the financing announced in February.”

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