NexGold and Signal Gold Announce Merger to Create one of Canada’s Most Advanced Near-Term Gold Developers with a Combined 4.7 million Gold Ounces of Measured and Indicated Resources and a Plan to Achieve 200,000+ ounces of Annual Production

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TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or “NEXG”) and Signal Gold Inc. (TSX: SGNL; OTCQB: SGNLF) (“Signal” or “SGNL”) are pleased to announce that they have entered into a definitive arrangement agreement dated October 9, 2024 (the “Agreement”) to combine the two companies and create a top near-term gold developer advancing NexGold’s Goliath Gold Complex Project (“Goliath Project”) in Northern Ontario and Signal’s Goldboro Gold Project (“Goldboro Project”) in the historic Goldboro Gold District in Nova Scotia (the “Transaction”). All dollar references in this release are to Canadian dollars, unless otherwise stated.

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