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Highlights include hole CRE094 which intersected the graphitic conductor below the unconformity, with elevated scintillometer counts encountered from 492.2 metres down to 578.8 metres (downhole depth).

Figure 3 Selected Scintillometer Counts from CRE094

Note reported depths are drill depths and the true widths are unknown

Of the seven holes drilled, five successfully intersected the sandstone-basement unconformity, with a summary of the bedrock geology encountered presented below. Please note that all reported depths are drillhole depths and the true widths are unknown.

Drillhole CRE093 intersected a broad sandstone fault zone from 370.0 - 393.0 m, characterized by strong bleaching and grey reduced alteration which was followed by strongly bleached and silicified sandstone. In the basement of CRE093 two major fault zones associated with strong alteration were intersected. The first fault zone, from 469.8 to 475.4 m is characterized by graphitic cohesive cataclastic faulting. The second fault zone, characterized by a wide interval of strongly silicified breccia from 548.5 to 574.0 m overprints a strongly chloritized pelite with intermittent short intervals of preserved cataclastic fabric. Strong bleaching, chlorite, and clay alteration extend throughout the basement and are upgraded in intensity around the fault zones.

Drillhole CRE094 intersected a broad zone of reworked hematite, limonite, and strong bleaching in medial sandstone column associated with faulting from 353.0 to 389.0 m. In the basement of CRE094, chloritized graphitic pelite was intersected from 485.0 to 526.0 m. Within the graphitic pelite, several faulted intervals exhibit elevated radiometry with a peak of 300 CPS occurring in a chlorite/carbonate/pyrite cohesive breccia at 505.1 m. Below the graphitic pelite, chloritized pelite continues with several carbonate/pyrite/chlorite breccias containing elevated radiometry up to 250 CPS and up to 25% chalcopyrite.

Drillhole CRE095 intersected a fault zone that straddles the unconformity. Within the sandstone, from 449.2 to the unconformity at 452.0 m, the fault is a cohesive milled breccia consisting of large clasts of quartz and sandstone suspended within a chlorite matrix. The fault extends to 454.7 m in the basement and consists of decimetre-scale intervals of friable cataclastic faulting with chlorite-rich matrix and clasts of chlorite-altered basement.

Drillhole CRE096 is interpreted to have overshot the conductive target and intersected footwall basement stratigraphy.

Drillhole CRE098 intersected a broad sandstone fault zone from 339.0 to the unconformity at 510.0 metres. The fault zone is characterized by broken, blocky, and faulted sandstone with re-activated clay gouge, chaotic breccias, rotated bedding, and localized intervals of desilicification and core loss (Figure 3). Throughout the fault zone, the sandstone is strongly bleached and silicified with increasing medium to dark grey sooty pyrite alteration increasing in concentration with proximity to the unconformity. The basement of CRE098 was characterized by a quartz breccia with clasts of quartz and clasts of fine grained hematized and chloritized metasediments.

Drillholes CRE092 and CRE097 were lost before intersecting the target depth due to technical issues.

Geochemical Assay Sampling

All drill core samples from the program were shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Sample intervals are chosen based on downhole probing logs and scintillometer (CT007-M) peaks. Assay sample intervals comprise 0.25 - 0.8 metre continuous half-core split samples over the mineralized intervals. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by field staff and the SRC in accordance with quality assurance/quality control (QA/QC) procedures. Geochemical assay data, when presented, will be subject to verification procedures by qualified persons prior to disclosure.

The Company cautions that radioactivity is total gamma from drill core measured with a CT007-M gamma-ray spectrometer/scintillometer in cps (counts per second). Measurements of total gamma cps on drill core are an indication of the presence of radioactive materials (uranium, thorium, and/or potassium), but may not directly correlate with uranium chemical assays. Total gamma cps readings are preliminary and may not be used directly to quantify or qualify uranium concentrations of the rock samples measured. The Company considers all CT007-M readings greater than 100 cps to constitute elevated radioactivity.

About Nexus Uranium Corp.

Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over $20 million in exploration to date. The Napoleon project comprises over 1,000 hectares and prospective for multiple forms of gold mineralization, with exploration in the area dating back to the 1970s with the discovery of high-grade gold. The Yukon gold projects are comprised of almost 8,000 hectares of quartz claims prospective for high-grade gold mineralization.

The technical content of this news release has been reviewed and approved by Warren D. Robb, P.Geo. (BC), a Director and VP Exploration of Nexus Uranium Corp. and a Qualified Person under National Instrument 43-101.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier
Chief Executive Officer
info@nexusuranium.com

This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, any planned exploration at the Cree East Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the Company will be successful in finalizing its planned drill program, including retaining a contractor to complete such program. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the conditions to closing of the proposed sale of the Company's interest in the Independence Project will not be satisfied and inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

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