Nexus Gold Corp. provided a corporate update regarding its plans to return to the Dakouli 2 Gold Project, located in Burkina Faso, West Africa. The Dakouli 2 property is a 9,800-ha gold project with several established zones of mineralization.

Gold is situated from near surface to 200m depth, with the majority of the significant drill intercepts in the 100-meter range. The company recently paid taxes on the property and intends to raise sufficient capital in the near term to begin multiple follow-up work programs during the remainder of the 2024 calendar year. Drilling to Date at Dakouli: In late 2020 the company conducted a Reverse Circulation (RC) drill program at the 98-sq kms concession consisting of 2,914 meters of exploratory drilling.

The first-ever drill program on the property was designed to test several areas that have returned either high gold values from rock samples or coincidental soil geochemical and geophysical anomalies proximal to artisanal workings (orpaillages). Significant results were encountered in several holes, including: DKL-20-RC-007: 4.83 grams-per-tonne ("g/t") gold ("Au") over 20 meters Including 14.51 g/t Au over 6m And 39.6 g/t over 2m. DKL-20-RC-009: 1.61 g/t Au over 10m Including 4.11 g/t Au over 2m.

DKL-20-RC-010: 1.89 g/t Au over 8m Including 6.54 g/t Au over 2m. In addition, several holes returned lengthy intercepts of sub-one gram gold, including DKL-20-RC-006 which returned .59 g/t Au over 18 meters, DKL-20-RC-017, which returned .91 g/t Au over 10m, and DKL-20-RC-002 which returned .64 g/t Au over 16 meters. In the summer of 2021, the Company returned to Dakouli to conduct a 2000m follow up Diamond Drill program.

Results from this program expanded upon the earlier RC drill results with several significant intercepts: DKL-21-DD-001: 0.95 g/t Au over 23m Including 1.01 g/t Au over 15m; 1.46 g/t Au over 7m Including 4.87 g/t Au over 1m and 6.88 g/t Au over 1m. DKL-21-DD-002: 1.90 g/t Au over 28m Including 10.87 g/t Au over 4m Including 15.1 g/t Au over 1m, and 17 g/t Au over 1m; 1.43 g/t Au over 10m Including 10.6 g/t Au over 1m. DKL-21-DD-008: 0.86 g/t over 17m Including 1.18 g/t Au over 12m and 2.19 g/t Au over 6m.

Drilling has so far primarily been confined to a small section in the upper northeastern portion of the concession ground.