Nexus Gold Drills 13.25 g/t Au Over 2.75m, Including 36.2 g/t Au Over 1m at the McKenzie Gold Project, Red Lake, Ontario

- August 18th, 2020

Nexus Gold Corp. is pleased to report it has received initial assay results from the first six holes of the recently completed phase one drill program at the Company’s 100% owned McKenzie Gold Project, located in Red Lake, Ontario.

Nexus Gold Corp. (“Nexus” or the “Company”) (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report it has received initial assay results from the first six holes of the recently completed phase one drill program at the Company’s 100% owned McKenzie Gold Project, located in Red Lake, Ontario

This first round of drilling conducted in the St. Pauls Bay area was designed to test depth extensions of surface rock sampling conducted by the company in June and November of 2019, and to test historic drill intercepts encountered by the properties previous owners in 2001-2005.

Of the first six holes drilled (784 total meters), six returned elevated gold assays while the last three holes MK2020-004, 005, and 006, all contained zones reporting visible gold. Significant gold results were returned from hole MK 2020-006 which intersected a zone containing a blue gray quartz vein and returned values of 13.25 grams-per-tonne (“g/t”) gold (“Au”) over 2.75 meters from 68.75 to 71.50 meters, which includes one meter of 36.20 g/t Au.

Drill holes MK-2020-005 and 006 were drilled from the same location and successfully intersected the same blue grey vein in both holes, the vein was intersected at 44 meters in hole MK 2020-005 and at 69.5 meters in hole 006. Based on these findings the company decided to expand its drill program from 1000 meters to 2000 meters and continued drilling. Results from the remaining seven holes (MK-2020-007 to 013), approximately 1,200 meters, are currently pending and expected later this month.

“We’re pleased with the progression of the results received from the first few holes,” said president and CEO, Alex Klenman. “These initial holes produced similar results to historical drilling in the same area, i.e. narrow intercepts of 1 to 7 g/t gold over various lengths between 1 and 4 meters. Holes 5 and 6 began showing greater concentrations of these types of intercepts, culminating with the best result of 13 grams over almost 3 meters. Results were getting more interesting the further we got into the drill program, so naturally we’re eager to see what the next batch of assays reveal and to see if we can both extend intercept lengths, and continue to see additional significant mineralization,” continued Mr. Klenman.

Hole ID

UTM E

UTM N

DIP

AZIMUTH

ELEV

FROM

TO

LENGTH (METERS)

Au G/T

MK-20-001

437729

5652199.7

-50

360

382

41.25

41.75

0.5

5.75

86

90

4

1.41

Including

89

90

1

4.30

MK-20-002

437601

5652153.5

-50

360

370

50.2

50.7

0.5

5.21

MK-20-003

437601

5652153.5

-65

360

370

107.5

108

0.5

1.82

MK-20-004

437651

5652138.7

-50

360

370

130

131

1

7.43

VG

MK-20-005

437684

5652197.3

-50

360

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