NexMetals Mining Corp. Announces Board Nominees and Grant of Stock Options Ahead of Key Project Milestones

Key Highlights

• Board Nomination: Mining veteran Keith Marshall nominated for election to the Board of Directors at the upcoming AGM on May 27, 2026.
• Committee Composition: Intention to appoint Mr. Marshall to the Board’s Safety, Sustainability and Technical Committee (SSTC), alongside co-chairs Warwick Morley-Jepson and Philipa Varris.
• Director Departures: Chris Leavy and James Gowans will not stand for re-election, signaling a significant shift in board composition.
• Project Advancement: The Selebi and Selkirk projects are transitioning from exploration to pre-development studies, potentially impacting company valuation and strategic direction.
• Equity Incentives: 44,800 stock options granted to Nisha Hasan of NH IR Advisory Corp., vesting over 12 months at a \$3.30 exercise price, directly linking investor relations strategy with share price performance.
• Ongoing Investor Disclosure: Further details on board nominees and AGM matters to be provided in the forthcoming Management Information Circular.

Detailed Report

Vancouver, British Columbia, April 9, 2026 – NexMetals Mining Corp. (TSXV: NEXM, NASDAQ: NEXM) today announced major developments in its corporate governance and project execution strategy ahead of its annual general meeting (AGM) scheduled for May 27, 2026.

Strategic Board Nomination: Keith Marshall

The Company has nominated Mr. Keith Marshall, a highly respected mining engineer with over 45 years in the mining industry, for election to the Board of Directors. Mr. Marshall brings a wealth of technical and managerial experience, including 22 years at Rio Tinto where he served as Managing Director of the Palabora Mining Company (South Africa) and President of the Oyu Tolgoi Project (Mongolia). His appointment is particularly significant as NexMetals shifts from exploration to pre-development at its Selebi and Selkirk projects. Mr. Marshall’s expertise in project execution, safety, and sustainability is expected to add substantial value at this critical juncture.

Following the AGM, Mr. Marshall is set to join the Board’s Safety, Sustainability and Technical Committee (SSTC), chaired by Mr. Warwick Morley-Jepson and Ms. Philipa Varris. This strengthens the Board’s oversight in key operational and ESG areas, a critical focus for investors as the company advances toward project development.

Board Composition Changes: Departures of Leavy and Gowans

In a noteworthy development for shareholders, Chris Leavy and James Gowans have notified the Board that they will not seek re-election at the upcoming AGM. This will result in a refreshed Board with new expertise and perspectives. Current Board members standing for re-election include Chairman Paul Martin, Mark Christensen, Jason LeBlanc, Warwick Morley-Jepson, André van Niekerk, Philipa Varris, and Sean Whiteford.

Development Milestones: Selebi and Selkirk Projects Enter Pre-Development

The company’s flagship Selebi and Selkirk mines in Botswana are transitioning from an exploration focus to pre-development studies. This major milestone indicates NexMetals is moving closer to potential production decisions, which could be a significant share price catalyst. The company has confirmed that the scale of mineralization at these projects is larger than previously estimated, supported by NI 43-101 and Regulation S-K 1300-compliant resource estimates. Ongoing drilling, down-hole geophysics, and metallurgical programs aim to further expand resources and support future economic studies, potentially enhancing project economics and valuation.

Equity Incentive Grants: Aligning Investor Relations with Share Performance

NexMetals has granted 44,800 incentive stock options to Nisha Hasan, Principal of NH IR Advisory Corp., as part of their investor relations and strategic advisory agreement. The options are exercisable over five years at a price of \$3.30 per share (the closing price prior to the grant date), and will vest quarterly over a 12-month period. This grant aligns investor relations efforts with share performance, incentivizing effective communication and outreach that supports the company’s valuation.

Upcoming Disclosure and Key Dates

Additional details regarding Board nominees and AGM materials will be included in the Management Information Circular to be mailed to shareholders in the coming weeks. The document will also be available on the company’s SEDAR+ profile.

About NexMetals Mining Corp.

NexMetals Mining Corp. is a dual TSXV and NASDAQ-listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. The company is led by an experienced management and technical team with a strong track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.

Shareholder Considerations & Price Sensitive Information

• The nomination of Keith Marshall, a senior mining executive with extensive leadership experience, could materially enhance project execution capabilities and investor confidence.
• The departure of two board members (Leavy and Gowans) and the introduction of new technical expertise signals a strategic shift, which may alter market perceptions of the company’s direction.
• The transition of key projects to pre-development studies may lead to re-rating of the company’s valuation as economic studies advance and resource estimates grow.
• The grant of stock options to the company’s investor relations advisor aligns external communication efforts with shareholder interests, potentially improving market engagement and transparency.

Contact and Further Information

For further information, investors may contact:
Sean Whiteford, CEO, or Nisha Hasan, Investor Relations
[email protected]
1-866-794-NEXM (6396)

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Disclaimer

This article contains forward-looking statements within the meaning of U.S. federal securities laws and applicable Canadian securities legislation. Such statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Key risks include, but are not limited to, changes in Board composition, project advancement timelines, capital and operating cost variability, regulatory approvals, and market conditions. Investors are cautioned not to place undue reliance on forward-looking statements. Please refer to NexMetals’ filings on EDGAR and SEDAR+ for a full discussion of risks and uncertainties. The company undertakes no obligation to update forward-looking information except as required by law.

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