NexGold intercepts 5.26 g/t Au over 7.0 m, 7.08 g/t Au over 5.0 m at Goldboro

TORONTO, Aug. 19, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. ( TSXV: NEXG; OTCQX: NXGCF) (“ NexGold ” or the “ Company ”) is pleased to provide additional results from its 40,000-metre, detailed Reverse Circulation infill drill program (“ RC Infill Drill Program ”) at the Company’s Goldboro Gold Project in Nova Scotia (“ Goldboro Project ”). The RC Infill Drill Program is focused on the Goldboro Deposit and is designed to infill specific areas of the Goldboro Mineral Resource within the planned west and east pits at a nominal drill spacing of 12.5 metres and down to depths of 50 metres ( Figures 1 and 2 ).

Kevin Bullock, President, CEO & Director of NexGold, commented: “The RC Infill Drill Program is progressing very well, with over 76% of the expanded drilling program complete. With our recently closed flow-through financing of $10M, we made the decision to increase the drilling program from 30,000 metres to 40,000 metres in order to further define Mineral Resources at shallow levels, consistent with the initial years of the mine plan within the west and east pits. We continue to see assay results that support the location, grade tenor and thickness of mineralization within the west pit at a level of detail not previously drilled at the Goldboro Project, including within the central area of the west pit that is scheduled for the initial years of mining.

“The Company continues to advance the Goldboro Project as we move toward a potential investment decision later this year. The objective of the current infill drill program is to further increase confidence in the Mineral Resources and Mineral Reserves supporting the Project, with a focus on areas of the Mineral Resource expected to be mined during the early years of production and within the anticipated payback period. These drill results are expected to supp