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NexGold Announces C$10 Million Bought Deal Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, March 19, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV:NEXG; OTCQX: NXGCF), (TSXV: NEXG; OTCQX:NXGCF) ("NexGold" or the "Company") announces that it has entered into an agreement with National Bank Financial Inc. as sole bookrunner, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase on a bought deal private placement basis 13,889,000 units of the Company ("Units") at a price of C$0.72 per Unit for aggregate gross proceeds of C$10,000,080 (the "Offering"). Each Unit will be comprised of one common share of the Company (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant will be exercisable to acquire one Common Share of the Company for a period of 36 months at an exercise price of C$1.05 from the Closing Date (as defined below).

The net proceeds of the Offering will be used for the continued advancement of the Company's mineral properties and for general corporate purposes.

The Offering is expected to close on or about April 9, 2025 or such other date as agreed between the Company and the Underwriters (the "Closing Date"), and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the conditional approval of the TSX Venture Exchange ("TSXV"). The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the Closing Date under applicable Canadian securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities 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 state securities laws ...