Dakouli 2 Gold Concession Program Results

VANCOUVER - Nexus Gold Corp. reported assay results from its recent reconnaissance and sampling program conducted at the Company's 100%-owned, Dakouli 2 Gold Concession, located in Burkina Faso, West Africa. The summer reconnaissance program was designed to both measure the current scope of artisanal activity and to prioritize target locations for the Company's maiden drill program, scheduled for later this fall. During the program Company geologists collected 10 rock samples from areas being exploited by artisanal miners ("orpailleurs"). A highlight result of 98.9 grams-per-tonne ("g/t") gold ("Au") was returned from sample DK-0036. This sample was a select grab sample of material being mined by the orpailleurs from a depth of 40 meters below surface. A nearby sample of material which had undergone preliminary gold extraction by panning and a waiting a second round of panning returned results of 49.7 g/t Au. Select samples from proximal orpailleurs shafts from varying depths also returned elevated gold values of 12.8 g/t Au, 11.1 g/t Au, and 10.9 g/t Au, respectively.

"These additional samples continue to build a compelling case to drill Dakouli," said president & CEO, Alex Klenman. "The volume of significant sample grades continues to grow. The main orpaillage is now well over 400 meters in an east-west strike, by 200 meters north-south, and the locals are down as much as 80 meters in the shafts. That's a significant mineralized footprint. Obviously, there's gold at Dakouli. We're eager to begin drilling to define just what the scope of the mineralization is in the main area, and to further define additional areas of interest on the project ground," continued Mr. Klenman

The Dakouli 2 exploration permit is a 98-sq km (9,800 hectares) gold exploration property located approximately 100 kilometers due north of the capital city Ouagadougou.

In late 2018 Company geologists conducted a comprehensive ground reconnaissance program to the west and south of the main orpaillage (artisanal zone) and identified new near surface workings being exploited by artisanal miners. Rock samples collected from these new zones contained various concentrations of visible gold, including coarse nuggety samples.

Of the first 25 samples collected in late 2018, 11 returned assay values greater than 1 g/t Au, with multiple samples showing various concentrations of visible gold, with values between 11.1 g/t Au and 29.5 g/t Au.

Follow up work outlined an anomalous zone extending some 500 meters west from the sample zones. Based on those results the Company initiated a 150-line kilometer soil geochemical survey covering the northern half of the Dakouli 2 property and southern portions of the contiguous Niangouela property. This survey identified three prominent gold geochemical trends. The primary gold trend parallels the Sabce fault zone extends for approximately 10 kilometers, in a northeast-southwest direction and bisects the property from the north east corner of the property to its western boundary. The Sabce fault hosts multiple deposits including Nordgold's 3.4M oz Bissa Mine, located approximately 25km east of the Dakouli ground.

Two secondary gold trends which extend for approximately 6.5 kilometers each are oriented in a northwest to southeast direction and bisect the primary trend. All three gold geochemical trends are coincidental to geophysical trends identified from the national regional airborne geophysics. The geochemical surveys and sampling work done to date have generated multiple targets the Company intends to begin testing in this initial drill program.

The Dakouli 2 permit lies immediately south of, and contiguous to, the Company's Niangouela Gold Concession, which has been explored over the past three years. Drilling at Niangouela has returned significant intercepts, including 26.69 g/t Au over 4.85m, including 132 g/t Au over 1m, and 4 g/t Au over 6m, including 20.5 g/t Au over 1m.