• Completed 21,985m RC drilling at Wallbrook Gold Project • Engaged independent consultant to update Wallbrook Mineral Resource Estimate • Acquired remaining 10% of Pinnacles Joint Venture Project • Cash position of $5.3 million as of June 30, 2026

Nexus Minerals Ltd. has completed a 21,985-meter reverse circulation drilling program at the Wallbrook Gold Project, focusing on three new advanced resource definition prospects: Clement, Payns, and Branches, as well as extension opportunities at the Crusader-Templar deposit. The drilling program aimed to validate stacked mineralisation geometry, test the 650-meter strike of confirmed anomalism, and establish drill spacing sufficient to support an updated Mineral Resource Estimate (MRE). Highlight results from the Clement Prospect include 12m at 3.81g/t Au, including 1m at 26.53g/t Au within 19m at 2.51g/t Au from 76m. Results from the Payns Prospect include 5m at 12.83g/t Au, including 1m at 34.77g/t Au within 21m at 3.26g/t Au from 39m. The company has engaged an independent consulting geologist to deliver an updated multi-prospect Wallbrook MRE, targeted for completion by the end of the September quarter. Additionally, Nexus has acquired the remaining 10% of the Pinnacles Joint Venture Project from Northern Star Resources Limited, with settlement expected in the September quarter. As of June 30, 2026, the company had a cash position of $5.3 million.

Nexus Minerals Ltd. anticipates completing an updated Wallbrook Mineral Resource Estimate by the end of the September quarter. The company is also focused on securing an acceptable ore sale and purchase agreement for processing ore at the Crusader-Templar gold deposit.