Vancouver, British Columbia – March 2, 2026 – Nexus Gold Corp. (the “Company”) (TSX-V: NXS) is pleased to update shareholders following completion of its previously announced share consolidation, private placement financing and debt settlement transactions. With these matters now concluded, the Company is recapitalized, debt-free and prepared to enter the next phase of development focused on disciplined growth and strategic advancement.
Following completion of the share consolidation, private placement and debt settlement, the Company has 24,005,125 common shares issued and outstanding. On a fully diluted basis, including exercise of outstanding stock options and share purchase warrants, the Company would have 36,120,634 common shares outstanding.
With its capital structure defined, the Company is advancing a strategy centered on redeveloping its gold project portfolio with a focus on opportunities in Colombia. The Company’s near-term focus includes:
- Evaluation of an active pipeline of potential transactions aligned with its strategy
- Site visits to potential project opportunities in Colombia
- Technical, legal, and financial due diligence on project opportunities
Management’s objective is to identify and advance high-quality gold assets that offer a clear pathway toward scalable production and long-term value creation. The Company remains committed to disciplined evaluation standards and prudent capital allocation as it assesses opportunities within established mining districts.
Edward Kelly, President and Chief Executive Officer, stated, “With recapitalization now behind us, we are focused on new opportunities in Colombia that align with our strategic criteria and are engaging with partners and investors as we move into this next phase. Our priority is to build a strong foundation for sustainable growth.”
Management has not resolved to proceed with any particular transaction at this time, nor have terms been defined for any potential transaction. The Company will further update shareholders as the evaluation of opportunities continue and material developments occur.
ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.
“Edward Kelly”
Edward Kelly, Chief Executive Officer
For further information please contact:
Edward Kelly, Chief Executive Officer
info@nexusgoldcorp.com
Forward-Looking Statements
This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
TSX Venture Exchange Disclaimer
Neither the 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 release.
