NexGold Welcomes New VP and Announces Royalty Shares Strategy

NexGold Appoints New Vice President and Announces Strategic Decisions

NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) is excited to announce that Brian Jackson will take on the role of Vice President of Projects, starting on a specific date in October. This pivotal appointment is part of the company’s efforts to strengthen its leadership and ensure effective project execution.

Brian Jackson's Proven Experience

Bringing over 35 years of engineering and project management expertise, Mr. Jackson is recognized as a seasoned executive in the fields of Engineering, Procurement, and Construction Management (EPCM). He is licensed as a Professional Engineer across Ontario and Nova Scotia, showcasing his breadth of knowledge and versatility in various sectors, including minerals processing and water treatment. Before joining NexGold, Brian held several notable positions, including Vice President at Ausenco and Project Director at Signal Gold Inc., where he honed his skills in project execution.

Transition and Thanks to Clinton Swemmer

Mr. Jackson's arrival is overshadowed by the resignation of Clinton Swemmer, marking a transition period. To ensure a smooth handover, Mr. Swemmer will support NexGold until the end of October, allowing for continuity and stability during this strategic shift within the company.

Strategic Payment through Shares for Debt

In a move to manage financial commitments, NexGold has opted to issue 595,406 common shares to Sprott Resources Streaming and Royalty Corp. as part of its royalty agreement. This decision, which addresses a minimum payment requirement of $675,000, represents a strategic choice between cash and equity, reflecting the company’s flexible financial management approach. The shares are set to be issued at a price of $1.582 per share, which has been approved by the company's Board of Directors and is consistent with the policies of the TSX Venture Exchange.

NexGold’s Commitment to Regional Engagement and Sustainability

NexGold Mining Corp. takes pride in its commitment to engaging with local communities and Indigenous Nations. The company aims to create positive economic opportunities, provide safe work environments, and promote social value. Its various projects, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario, reflect this ethos of responsible mining and sustainable development.

About NexGold Mining Corp.

NexGold is primarily focused on gold mining, possessing robust assets across Canada and Alaska. The company operates several projects, including the Weebigee-Sandy Lake Gold Project joint venture and the high-grade Niblack VMS project in southeast Alaska. By continuously developing its projects and ensuring an inclusive dialogue with stakeholders, NexGold aims to contribute meaningfully to the communities in which it operates.

Frequently Asked Questions

What is the role of Brian Jackson at NexGold?

Brian Jackson has been appointed as Vice President of Projects, bringing extensive project management experience to the company.

Why did Clinton Swemmer resign from NexGold?

Clinton Swemmer resigned from his position but will assist with the transition until the end of October.

How is NexGold managing its financial commitments?

NexGold is issuing common shares to Sprott as a strategic move to fulfill a minimum payment requirement under its royalty agreement.

What are NexGold's key projects?

NexGold operates several key projects, including the Goldboro Gold Project and the Goliath Gold Complex, focusing on sustainable development and community engagement.

What is NexGold's mission regarding community relations?

NexGold is committed to building meaningful relationships with local communities and Indigenous Nations, fostering economic opportunities and promoting social wellbeing.

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