Nexus Gold begins drilling at Rakounga

Oct 31, 2017

2017-10-31 09:43 ET – News Release

Mr. Peter Berdusco reports

DRILLING COMMENCES AT RAKOUNGA GOLD CONCESSION, BURKINA FASO, WEST AFRICA

Nexus Gold Corp. has commenced drilling at its 250-square-kilometre Rakounga gold concession, located adjacent to the company’s Bouboulou gold concession, in Burkina Faso, West Africa.

The phase one reverse circulation drill program at Rakounga will include 3000 metres targeting mineralization occurring at the Koaltenga, Gounga and Porphyry orpaillages that have now been identified and sampled at the property.

Initially, the Koaltenga and Gounga orpaillages displayed shear hosted gold mineralization. This drill program will test this style of mineralization to depth by drilling under the exposed surface workings and then along strike as the work progresses. The Porphyry orpaillage displays more of a quartz vein-style mineralization. The goal of the drilling at Porphyry will be to gain as many intersections in the vein and attempt to determine grade and orientation (strike and dip).

To date, four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne gold, 2.57 g/t Au, and 1.175 g/t Au, respectively.

A total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively.

Initial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage returned values of 17.30 g/t Au, 2.33 g/t Au and 1.45 g/t Au, respectively.

About Burkina Faso

Burkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the fourth largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. The Greenstone Belts that host all of the major deposits in Ghana and Cote d’Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under-explored in comparison to neighbouring Ghana and Mali — both of which host world-class gold mines in the same belts of Birimian rocks.

About Nexus Gold Corp.

Nexus Gold is a Vancouver-based gold exploration and development company operating in some of the world’s premier mining districts. The company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold project consists of the 38-square-kilometre Bouboulou claims and the adjacent 250-square-kilometre Rakounga gold concession. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre in length and associated shear zone.

Warren Robb, PGeo, senior geologist, is the designated qualified person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

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