From the Team at NexGold Mining Corp.
Dear shareholders, partners, and community members,
With early works construction activities underway, our teams made progress on the updated Feasibility Study, engineering, procurement and project execution planning at our Goldboro Gold Project in Nova Scotia. Beyond project development, we continued engaging with investors internationally, strengthening relationships with Indigenous communities and advancing our broader corporate priorities.
Goldboro Gold Project – Advancing Development Readiness
Following the commencement of early works in September, October brought further progress at Goldboro as site preparation activities continued and the project team advanced key workstreams in preparation for the Board’s review of the updated Feasibility Study. The study remains a central priority, with completion anticipated by the end of Q4 2026, and will provide updated technical and economic information to support the Board’s evaluation of a potential final construction decision.
In parallel, our teams continued advancing detailed engineering, project planning and procurement. Notably, 16 long-lead equipment procurement packages have been issued for bids, while evaluation of the proposed Employee Accommodation Facility continues. Our exploration team also completed the 40,000-metre reverse circulation infill drilling program at Goldboro, with geological interpretation and evaluation activities ongoing.
Together, these activities reflect our continued focus on building project readiness, managing development risks and positioning Goldboro for its next stage. Read more in our October 27 development update press release.
Investor Outreach – Nordic Funds and Mines 2026
NexGold continued its investor engagement activities at Nordic Funds and Mines 2026, held October 15–16 in Stockholm, Sweden. Our CFO, Orin Baranowsky, delivered a corporate presentation highlighting NexGold’s development portfolio, progress at the Goldboro and Goliath projects, and the Company’s strategy for advancing its Canadian gold assets. The conference provided an opportunity to introduce NexGold and its development projects to a broader European audience and maintain dialogue with the international investment community. Watch the presentation [Here].
Indigenous Engagement – Building Long-Term Relationships
On October 21–22, NexGold’s VP, Sustainability, Deidre Puddister, joined Tracey Menge, Relationships and Arrangements Manager at Kwilmu’kw Maw-klusuaqn (KMK), at the 10th Annual Indigenous Consultation & Engagement Atlantic Conference in Halifax, Nova Scotia.
Their presentation, “Nurturing Collaboration in a Good Way: Building Long-Term Partnerships Through Early Engagement,” focused on the importance of establishing relationships early, building trust and supporting meaningful long-term collaboration. We value opportunities to participate in these discussions and continue to recognize the importance of respectful, ongoing engagement with Indigenous communities as our projects advance.
Corporate Update – Board Engagement
During October, members of NexGold’s Board of Directors conducted a Goldboro Project site visit, providing an opportunity for direct engagement with the Project team and discussions related to key project milestones and strategic objectives.
As we enter the final months of 2026, our immediate focus remains on completing the updated Goldboro Feasibility Study, advancing project readiness and supporting the evaluation of a potential construction decision. We also look forward to continuing our investor outreach at upcoming events, including Swiss Mining Institute (November 18-19), 121 Mining Investment London (November 23–24), and the First Nations Investment Forum in Toronto (November 29–December 1).
We appreciate the continued support of our shareholders, communities, and partners as we continue advancing our portfolio of Canadian gold development projects.
As always, we welcome your questions and feedback. Please contact us at ir@nexgold.com.
Warm regards,
The NexGold Team
TSX-V: NEXG | OTCQX: NXGCF