NexMetals intercepts 11.15m @ 7.65% CuEq at Selebi Main

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (" NEXM " or the " Company ") is pleased to report assay results from drill holes SMD-26-210, 212-W1, 213 and 214, part of its 30,000-metre surface drilling program targeting the emerging Flexure Zone (" Flexure Zone ") within the Selebi Main deposit in Botswana (see Figure 1). The latest results continue to validate the Company's data-driven exploration model, with drilling continuing to intersect thick, high-grade massive sulphides beyond the limits of the 2024 Mineral Resource Estimate (" 2024 MRE "). Together with borehole electromagnetic (" BHEM ") targeting, these results define a growing kilometre-scale trend that remains open and supports the expansion potential of the Selebi system.

Highlights: What You Need to Know: Four New Intersections and Strong Intercept from SMD-26-212-W1 Drill hole SMD-26-212-W1 intersected a 11.15 metre interval of massive sulphides grading 7.65% CuEq (3.10% Cu, 2.21% Ni), one of the most significant massive sulphide intercepts drilled at Selebi Main. The intercept confirms an emerging kilometre-scale trend of thick, high-grade massive sulphides, extending beyond the 2024 MRE. All four drill holes intersected sulphide mineralization, including multiple intervals of massive sulphides.

The Flexure Zone is now defined by widely spaced drill holes approximately 200-300 metres apart, demonstrating significant lateral extent and continuity. Modeled BHEM anomalies show continuation north of drilling, indicating the system remains open for expansion. What Does This Mean?

Drilling at a nominal 200-metre spacing continues to intersect thick, high-grade massive sulphides demonstrating the growing scale of the Selebi Main deposit. SMD-26-212-W1 closely replicates SMD-25-205 (