Summary："NexGold Forges Historic Partnership with Indigenous Nations on Goliath Gold Project"TORONTO, June 1

referrerpolicy="no-referrer"
style="max-width:100%;height:auto;display:block;margin:0 auto;">

"NexGold Forges Historic Partnership with Indigenous Nations on Goliath Gold Project"

TORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”), a prominent player in the gold mining sector, has taken a groundbreaking step towards fostering collaborative development by signing a Memorandum of Understanding (MOU) with Eagle Lake First Nation and Lac Seul First Nation. This landmark agreement marks a significant milestone in the advancement of the Goliath Gold Project, situated in Northwestern Ontario, Canada.

The MOU outlines a comprehensive framework for cooperation between NexGold and the Indigenous communities, focusing on the project's environmental stewardship, economic development, and social responsibility. Key aspects of the partnership include the establishment of a joint committee to oversee project development, provision of employment and training opportunities for community members, and implementation of measures to minimize the project's ecological footprint. By working together, NexGold and the First Nations aim to create a model for sustainable mining practices that benefits both the local communities and the environment.

Industry analysts view this partnership as a strategic move by NexGold, enhancing the project's social license to operate and mitigating potential regulatory risks. The Canadian mining sector has faced increasing scrutiny over its environmental and social impact, and NexGold's proactive engagement with Indigenous communities is seen as a positive step towards addressing these concerns. As the global demand for gold continues to rise, driven by economic uncertainty and investor appetite for safe-haven assets, projects like Goliath are poised to play a critical role in meeting this demand.

With the MOU in place, NexGold is well-positioned to advance the Goliath Gold Project through the development and permitting phases. The Company's commitment to collaborative development is expected to yield long-term benefits, including enhanced community relations, improved project economics, and reduced execution risks. As the project progresses, stakeholders will be closely watching the outcomes of this innovative partnership, which has the potential to set a new standard for Indigenous engagement in the mining industry.

In conclusion, NexGold's historic partnership with Eagle Lake First Nation and Lac Seul First Nation represents a significant breakthrough in the Goliath Gold Project's development. By prioritizing collaboration and mutual benefit, NexGold is not only advancing a major gold project but also contributing to a more sustainable and equitable mining industry.