NexMetals Mining Corp.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”) based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to, the filing of a Technical Report prepared in accordance with National Instrument 43-101 on SEDAR+ and EDGAR within 45 days of this news release; the growth and corresponding completion and reporting of the updated Selebi North mineral resource estimate; the expectation that the combined Selebi Main and Selebi North estimates will provide a more complete picture of the Selebi Mines mineral resources; further growth potential from step-out drilling completed after the resource cut-off date, including thick, high-grade massive sulphide mineralization extending beyond the updated resource envelope; Selebi’s development potential, the ability to produce separate, clean copper and nickel concentrates meeting commercial smelter specifications, and remaining upside potential; the Company continuing to advance the Selebi Project through drilling and further technical work; and the Company providing guidance on next steps following completion of the Selebi North estimate. The forward-looking information in this news release is based on certain key assumptions, including, but not limited to, assumed metal prices and recoverability; the ability of the Company to produce separate, clean copper and nickel concentrates meeting commercial smelter specifications; the continued availability of qualified personnel to complete pending technical work; MSA completing the Selebi North mineral resource estimate in the ordinary course without material delays; the Company’s ability to file the Technical Report on SEDAR+ and EDGAR within the required 45-day period; the absence of material adverse changes to applicable laws, regulations or permitting requirements in Botswana; and the Company having sufficient working capital to fund its planned exploration and development activities. The forward-looking statements in this news release, by their nature, necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, potential delays in the completion and reporting of the Selebi North mineral resource estimate by MSA; the risk that the Technical Report may not be filed within the stated 45-day period; capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the risk that step-out drilling results completed after the resource cut-off date may not translate into additional mineral resources upon further evaluation; payabilities of metals varying from expectations; the ability of exploration results to predict mineralization; the risk that the Company will not be able to expand or enhance its current mineral resource estimates; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s filings with the SEC on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under the Company’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.