NexGold Intersects 1.35 g/t Gold over 38.9 Metres, 1.42 g/t Gold over 27.2 Metres, and 54.04 g/t Gold over 1.3 Metres at the Goldlund Deposit, Ontario

TORONTO, Nov. 10, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to provide additional results from the diamond drilling program at the Company's Goliath Gold Complex, which includes the Goliath, Goldlund, and Miller deposits. While initially launched as a 25,000-metre program and subsequently upsized to 35,000 metres, the drill program at the Goldlund Deposit has been further expanded to 37,000 metres to test the down-dip extension of mineralization previously intersected during the current program.

The results presented in this news release include 5,088 metres of diamond drilling completed in 13 drill holes (GL-26-041 to GL-26-053). These drill holes were designed to infill mineralization within Zone 4 of the Goldlund Deposit (Figures 1, 2, and 3; Tables 1 and 2).

Selected wider drill intersections from diamond drill holes at the Goldlund Deposit in this news release are further detailed in Table 1 and include:

• 1.35 g/t gold over 38.9 metres (from 222.5 to 261.4 metres), including 52.80 g/t gold over 0.5 metres and 13.50 g/t gold over 1.0 metres in drill hole GL-26-042;
• 1.42 g/t gold over 27.2 metres (from 371.8 to 399.0 metres), including 14.60 g/t gold over 1.0 metres and 7.87 g/t gold over 1.2 metres in drill hole GL-26-052; and
• 1.35 g/t gold over 17.8 metres (from 233.0 to 250.8 metres), including 7.89 g/t gold over 0.8 metres and 3.89 g/t gold over 1.0 metres in drill hole GL-26-043; additionally, 0.92 g/t gold over 6.4 metres (from 275.5 to 281.9 metres) in the same hole.
  
  

In addition to multiple wider intersections of gold mineralization, several high-grade intersections were recovered, including:

• 54.04 g/t gold over 1.3 metres (from 265.2 to 266.5 metres) including 91.7 g/t gold over 0.7 metres in drill hole GL-26-053;
• 93.40 g/t gold over 0.7 metres (from 190.2 to 190.9 metres) in drill hole GL-26-051; additionally, 21.40 g/t gold over 0.6 metres (from 279.0 to 279.6 metres) in the same hole;
• 60.70 g/t gold over 0.5 metres (from 300.0 to 300.5 metres) in drill hole GL-26-047; additionally, 11.80 g/t gold over 1.0 metres (from 228.0 to 229.0 metres) and 9.69 g/t gold over 0.9 metres (from 310.6 to 311.5 metres) in the same hole; and
• 17.20 g/t gold over 1.0 metres (from 218.0 to 219.0 metres) in drill hole GL-26-045; additionally, 11.00 g/t gold over 1.0 metres (from 236.0 to 237.0 metres) in the same hole.
  
  

Kevin Bullock, President, CEO and Director of NexGold, commented: “The recent set of assay results from our drill program at Goldlund further demonstrates continuity of gold mineralization and grade at depth while remaining within the interpreted limits of the current mineralized envelope. Additionally, drilling at Goldlund continues to support the Company’s original objectives for the program, with the grade tenor and widths intersected consistent with previous drilling results and increasing our confidence in the mineralized system.

“We believe that continued positive drilling results at Goldlund has the potential to enhance the future mineral resource and development opportunities within the Goliath Gold Complex. Based on the results of this program to date, we have made the decision to further expand the drill program to 37,000 metres to continue to test the down-dip mineralized extension and expect to complete this program by year-end.”

Mineralization at the Goldlund Deposit is generally characterized by quartz stockwork veining hosted within sub-vertical granodiorite sills. Zone 4 comprises broad intervals of mineralized intermediate to mafic volcanic rocks associated with multiple porphyry and granodiorite intrusions.

The drill results summarized in this news release, together with previously reported results, further enhance the Company's understanding of the distribution and continuity of mineralization within Zone 4. This data will be incorporated into ongoing refinements of the geological model and may contribute to future evaluations of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies.

Drill holes completed as part of the current program are distributed across the strike extent of Zone 4, with the holes highlighted in this release located within the central and southeastern portions of the zone. The results continue to support the Company's geological interpretation and provide additional information regarding the continuity of mineralization between drill sections. Additional drilling is planned to evaluate the extent of mineralization along strike and at depth, while also supporting future Mineral Resource assessments.

Figure 1: Plan map showing the location of the Goldlund Zone 4 infill drill holes

Figure 2: Cross-section through the Goldlund Deposit showing the location of the drill holes
(GL-26-041, GL-26-042 and GL-26-044B to GL-26-047) reported in this news release

Figure 3: Cross-section through the Goldlund Deposit showing the location of the drill holes
(GL-26-043 and GL-26-048 to GL-26-053) reported in this news release

Table 1: Highlighted Drill Intercepts from Drill Holes in this News Release

Drill Hole ID	Target / Zone	From (m)	To (m)	Interval (m)	Au (g/t)
GL-26-041	Zone 4	186.9	195.7	8.8	1.65
including		188.4	189.2	0.8	3.58
and including		193.0	194.0	1.0	3.98
GL-26-042	Zone 4	222.5	261.4	38.9	1.35
including		224.5	225.5	1.0	13.50
and including		236.5	237.0	0.5	52.80
GL-26-043	Zone 4	233.0	250.8	17.8	1.35
including		244.0	245.0	1.0	3.89
and including		250.0	250.8	0.8	7.89
And	Zone 4	275.5	281.9	6.4	0.92
GL-26-044B	Zone 4	237.0	249.0	12.0	0.25
And	Zone 4	259.0	269.0	10.0	0.61
GL-26-045	Zone 4	218.0	219.0	1.0	17.20
And	Zone 4	236.0	237.0	1.0	11.00
And	Zone 4	285.3	292.5	7.2	0.41
GL-26-046	Zone 4	267.5	282.3	14.8	0.63
including		267.5	268.5	1.0	5.08
And	Zone 4	302.8	306.5	3.7	1.53
including		302.8	303.5	0.7	6.81
GL-26-047	Zone 4	196.0	198.2	2.2	4.78
including		196.0	197.0	1.0	6.98
And	Zone 4	228.0	229.0	1.0	11.80
And	Zone 4	254.5	274.0	19.5	0.44
including		270.0	271.0	1.0	1.95
And	Zone 4	300.0	300.5	0.5	60.70
And	Zone 4	310.6	311.5	0.9	9.69
GL-26-048	Interzone	109.5	111.0	1.5	6.87
And	Zone 4	234.0	243.0	9.0	3.13
including		241.0	242.0	1.0	23.50
And	Zone 4	281.0	291.4	10.4	1.74
including		288.0	290.0	2.0	6.02
and including		290.9	291.4	0.5	6.51
And	Zone 4	299.3	302.6	3.3	1.08
including		302.0	302.6	0.6	3.66
GL-26-049	Zone 4	255.0	262.0	7.0	3.07
including		259.5	261.0	1.5	5.14
and including		261.0	262.0	1.0	12.60
And	Zone 4	279.0	281.0	2.0	1.54
including		279.0	280.0	1.0	2.76
And	Zone 4	301.5	315.0	13.5	0.38
GL-26-050	Zone 50	31.0	44.0	13.0	1.40
including		38.0	39.0	1.0	7.39
And	Zone 50	62.9	74.9	12.0	0.57
including		66.0	66.6	0.6	2.81
And	Zone 4	338.4	339.0	0.6	12.90
And	Zone 4	397.7	403.0	5.3	1.49
including		401.0	402.0	1.0	3.05
GL-26-051	Zone 50	26.5	37.5	11.0	0.43
And	Interzone	190.2	190.9	0.7	93.40
And	Zone 4	279.0	279.6	0.6	21.40
And	Zone 4	334.0	341.0	7.0	0.40
And	Zone 4	348.0	355.0	7.0	0.35
GL-26-052	Zone 4	371.8	399.0	27.2	1.42
including		371.8	373.0	1.2	7.87
and including		383.0	384.0	1.0	14.60
GL-26-053	Interzone	188.8	193.0	4.2	0.59
And	Interzone	208.0	209.0	1.0	8.02
And	Zone 4	256.0	256.5	0.5	8.55
And	Zone 4	265.2	266.5	1.3	54.04
including		265.8	266.5	0.7	91.70
And	Zone 4	325.7	336.3	10.6	0.84
including		325.7	326.5	0.8	5.20
and including		334.5	335.3	0.8	4.21
And	Zone 4	344.2	356.2	12.0	0.71
including		354.7	355.4	0.7	4.78
And	Zone 4	363.0	364.5	1.5	6.68

Notes:

1. Reported intervals are drilled core lengths and do not indicate true widths. True widths typically vary from 50 to 75% of the interval length.
2. For duplicate samples, the average grade was used to calculate the intersection grade. All grades are uncapped.
   
   

Table 2: Locations and Orientations of Drill Holes in this News Release

Drill Hole ID	Easting	Northing	Elevation (m)	Length (m)	Azimuth	Inclination
GL-25-041	547173	5527755	424	300	118	-54
GL-25-042	547164	5527786	426	327	118	-55
GL-25-043	546981	5527777	417	375	132	-48
GL-25-044B	547038	5527796	419	381	130	-52
GL-26-045	547038	5527796	419	402	130	-57
GL-26-046	547073	5527821	420	402	121	-50
GL-26-047	547074	5527820	420	381	131	-52
GL-26-048	546942	5527768	419	381	141	-54
GL-26-049	546942	5527768	418	375	126	-52
GL-26-050	546863	5527792	414	450	132	-54
GL-26-051	546863	5527792	415	426	135	-46
GL-26-052	546853	5527780	416	462	138	-57
GL-26-053	546853	5527780	416	426	138	-51

Note: Drill hole locations reported as Universal Transverse Mercator NAD83 Zone 15N coordinates

QA / QC

The Company has implemented a quality assurance and quality control ("QA/QC") program to ensure that sampling and analytical work associated with its exploration activities is conducted in accordance with the CIM Exploration Best Practices Guidelines. Drill core is sawn in half, with one half of each core sample submitted to Activation Laboratories Limited in Dryden, Ontario, for analysis. The remaining half of the core is retained for future assay verification and/or metallurgical testing. Additional QA/QC procedures include the insertion of blanks and certified reference standards at a rate of one in every ten samples within the sample stream. Quarter-core duplicate samples are submitted for analysis at a rate of one in every twenty samples. The primary laboratory maintains its own QA/QC program, including the insertion of standards, blanks, and duplicate samples within each analytical batch. Additional verification procedures are routinely performed on anomalous gold values, including gravimetric analyses and metallic screen fire assays. Gold analyses are completed by lead-collection fire assay with atomic absorption spectroscopy ("AAS") finish and/or gravimetric finish on 50-gram samples. Check assays are conducted at a secondary ISO-certified laboratory, in this case in Mississauga, Ontario, following completion of the drill program.

Qualified Person

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

About NexGold Mining Corp.

NexGold is a gold-focused company with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia, the Goliath Gold Complex (which includes the Goliath, Goldlund and Miller deposits) in Northwestern Ontario, and additional exploration projects across Canada. NexGold also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project in southeast Alaska. NexGold is committed to ongoing, meaningful engagement with regional communities and Indigenous Nations to support sustainable development, safe operations, and shared economic and social benefits.

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

Contact:

Kevin Bullock President and CEO, Director +1 (416) 408-3703 kbullock@nexgold.com

Greg DiTomaso Investor Relations +1 (647) 547-5357 gditomaso@nexgold.com

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking information”). Forward-looking information relates to future events or future performance and reflects management’s expectations and assumptions as of the date of this news release.

Forward-looking information contained in this news release includes, but is not limited to: the Company’s exploration plans and objectives; the timing, scope, completion and results of current and future drilling programs; the expansion and completion of the current drill program; interpretations regarding the continuity, extent and distribution of mineralization; the potential for future Mineral Resource updates or changes to Mineral Resource classifications; the incorporation of drilling results into geological models; the completion of technical studies, including the updated Goldboro feasibility study; the advancement and development of the Company’s projects; and other statements that are not historical facts.

Forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “projects”, “anticipates”, “believes”, “targets”, “potential”, “may”, “could”, “should”, “would”, “will” and similar expressions.

Forward-looking information is based on a number of assumptions, including, without limitation: the Company’s ability to carry out its planned exploration and development activities; the accuracy of geological interpretations and exploration results; the continuing of mineralization being consistent with current expectations; the availability of financing, contractors, equipment and personnel; the receipt of required permits, approvals and authorizations in a timely manner; and the absence of material adverse changes in market, economic, regulatory, political or operating conditions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, among others: the risk that exploration activities, including drilling, may not accurately predict the continuity, grade or extent of mineralization; the possibility that future drilling results may not support changes to existing Mineral Resource estimates or Mineral Resource classifications; risks related to the interpretation of exploration results; the ability of the Company to complete planned exploration, development and technical programs; the availability of financing; the receipt of required permits, approvals and authorizations; delays in exploration, development or construction activities; fluctuations in commodity prices, exchange rates and market conditions; environmental, Indigenous, community, permitting and regulatory risks; health and safety risks; and the other risks described in the Company's public disclosure documents, including its Management's Discussion and Analysis for the year ended December 31, 2025, available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that such information will prove to be accurate. Actual results and future events may differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is provided to assist investors in understanding the Company's current expectations, plans and objectives and may not be appropriate for other purposes. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable securities laws.

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.