From the Team at NexGold Mining Corp.
Dear shareholders, partners and community members,
September was another pivotal month for NexGold, highlighted by important financing developments that strengthen our path to construction at the Goldboro Gold Project. On September 29, we closed a US$24 million royalty financing transaction with Appian Capital Advisory. This financing secures non-dilutive capital and retires our Nebari debt and royalty, leaving the Company with no material debt with third parties. In parallel, we announced a non-binding Letter of Intent with Appian for up to US$175 million in project financing, underscoring strong external confidence in the quality and potential of the Goldboro Gold Project.
Operationally, technical work and optimization efforts advanced across both of our cornerstone projects. At the Goldboro Gold Project, focus shifted toward planning for an updated Mineral Resource Estimate and Feasibility Study and maintaining environmental field programs in Nova Scotia. At the Goliath Gold Complex in Ontario, field monitoring programs, internal optimization studies and site-readiness activities continued, with teams also engaging in wilderness safety and environmental training to support responsible exploration and development.
Community and cultural engagement remained central throughout the month. NexGold staff prepared to take part in the Orange Shirt Day Pow Wow in Dryden on September 30, recognizing the National Day for Truth and Reconciliation. Our participation reflects the Company’s ongoing commitment to reconciliation, Indigenous partnerships and building relationships rooted in respect and accountability. Earlier in the month, the team also attended Central Canada (CenCan) Mining Expo in Thunder Bay, one of the largest mining exhibitions in the region, where we connected with suppliers, industry peers and community members to showcase NexGold’s projects and continued focus on responsible development.
With financing momentum, operational progress and strengthened stakeholder engagement, September has positioned NexGold for an exciting final quarter of 2025 as we move closer to construction readiness and long-term value creation for our shareholders, communities and partners.
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