• Donnerstag, 15 Januar 2026
  • 20:25 Frankfurt
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  • 06:25 Sydney

NexGen Announces Expansion of High-Grade Subdomain at PCE and Commencement of 2026 Exploration Program Totalling 45,500 m

12:30 Uhr  |  Newsfile
PCE Expansion:
• Vertical extent of high-grade subdomain has increased by 23% from 335 m to 412 m with 210 m of strike length.

• Additional expansion of the mineralized footprint to 700 m vertical extent (from 600 m) and to 620 m strike length (from 600 m).

• Additional high-grade subdomain building at 850 m below surface, extending high-grade in this portion of the mineralization and opening it to further growth.

2026 Drilling Program Commencement:

• 42,000 meters ("m") of diamond drilling at PCE in 2026 to be largest program conducted at the discovery to date building on the highly successful 2025 growth and results.

• Inaugural drilling at NexGen's 100% owned SW3 property with 3,500 m to advance high-priority targets.

NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the concluding holes of the 2025 PCE program and the commencement of the 2026 Exploration Program.

2025 PCE

Final drill holes of the 2025 PCE program delivered continued expansion of mineralization with high-grade growth and assessment of extents advancing significantly since the Company's last scintillometer report (see news release dated August 28, 2025). The primary high-grade subdomain grew to 412 m in vertical extent (increase of 77 m) and a strike length of 210 m. An additional high-grade subdomain is developing with hole RK-25-257 intersecting local off-scale (>61,000 cps) at the base of the currently outlined mineralized footprint, indicating significant expansion potential at depth (Figures 1-4, Table 1).

The overall mineralized footprint expanded to 620 m (increase of 20 m) of strike length and 700 m (increase of 100 m) of vertical extent, remaining open in most directions. Step out testing has provided critical information regarding extents of the system and opportunities for continued growth.

Internal continuity within the subdomain was most recently highlighted by RK-25-271 with 5.8 m of cumulative high-grade (>10,000 cps) and 0.8 m of off-scale (>61,000 cps) that increases the mineralized zone in the lower half of this subdomain (Figure 3, Table 1). Hole RK-25-271 is located 65 m down-dip from hole RK-25-256 (see news release dated December 1, 2025) which returned 5.5 m at 21.4% U3O8, including 2.5 m at 46.1% U3O8 and 0.5 m at 74.8% U3O8.

The 2025 drilling program successfully completed 35,366.2 m, the largest reported in the Athabasca Basin in 2025. Since discovery (see news release date March 11, 2024), 102 drillholes totalling 69,042.2 m have been completed (Figure 1). A dual focused approach was taken in 2025 to both grow and define multiple high-grade subdomains as well as expand the overall mineralized footprint. To date, 67 of the 102 drill holes are mineralized, including 45 intersecting high-grade (>10,000 cps) and 17 intersecting off-scale (>61,000 cps).

Figure 1: Interpreted model of mineralization at PCE (as of this release); new holes emphasized by larger diameter pierce points and bold labels; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red; drillholes with pending assays are underlined, 32% of 2025 drillholes have fully received results (as of this release).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_002full.jpg

Figure 2: Comparison of mineralization at PCE over time with the model evolving based on new geological data; dimensions are measured from confirmed mineralized intercepts along strike and vertical extent; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_003full.jpg

Figure 3: Core photo from RK-25-271 displays mineralization from 624.7 to 640.6 m down hole with abundant high-grade and several instances of off-scale in competent basement rock; yellow outlines >1,000 cps, red outlines >10,000 cps, >61,000 cps outlined in purple.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_004full.jpg

Figure 4: Representative geological cross-section through high-grade subdomain looking northeast with confirmed dip extent of 450 m and width up to 135 m; uranium mineralization shown as red overlay; interpretation of features extending beyond drillholes aided by drilling information outside of cross-section width (25 m).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_005full.jpg

2026 Exploration Program Commencement

Advancement of PCE mineralization with 42,000 m of drilling (Figure 5):

Drilling activity will primarily focus on high-grade growth and the continued expansion of the mineralized footprint. At least eight (8), 200 m spaced tests will also investigate for repetition of basement-hosted mineralization within the same hydrothermal system approximately 600 m southeast of the PCE discovery.

Figure 5: Map of PCE with ground gravity in background, target areas are hosted within gravity low denoted by blue colours, interpreted faults are shown as black dashed lines; primary focus in the immediate vicinity of PCE mineralization with additional secondary investigation of local system.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_006full.jpg

Regional drilling of 3,500 m at SW3 (Figure 6):

An inaugural, drill program will take place on the SW3 land package with regional greenfield testing of highly prospective target areas. This marks the first drilling on any SW3 mineral claims by NexGen and an exciting step in the direct investigation of geophysical anomalies identified. The SW3 package is one of the three core packages NexGen owns 100% of in the southwest Athabasca Basin and is situated 20 km southeast of the SW2 package which hosts the Rook I Project.

Figure 6: Map of SW3 with inset of overall NexGen land packages; 3,500 m will investigate highest priority target areas, outlined in red, in this greenfield setting.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_007full.jpg

Leigh Curyer, Chief Executive Officer, commented: "We are extremely pleased with the 2025 outcomes from the 2025 drill program at PCE that delivered on our dual-purpose objectives of expanding the overall mineralized footprint and expand the high-grade subdomain within it. These results systematically outline mineralization that continues to deliver growth and strong continuity, characteristics synonymous with Arrow deposit 3.5 km west. The 2025 drill program has rapidly advanced this new discovery, while underscoring the tremendous prospectivity of NexGen's 100% owned dominant land holdings which is driving the expanded activity in 2026. The 2026 program is designed to continue the dual track focus at PCE and in parallel, test for a repetition of PCE within the same system. In addition, drilling for the first time at our SW3 property is a reflection of the south western section of the Athabasca Basin world class prospectivity.

At a pivotal moment for global energy security, nuclear power is being recognized as an indispensable pillar for reliable, clean, cost efficient energy. The NexGen team is laser focused on concluding the final Federal permitting and licensing for the Rook I Project and immediately advancing through construction into production whilst simultaneously advancing the exciting PCE discovery and other high priority targets."

Jason Craven, Vice President, Exploration, commented: "Last year's highly transitional and successful program positions NexGen to enter 2026 with an even deeper understanding of this broad and growing high-grade system. A multitude of targets remain to be tested as we continue to systematically advance PCE with a dual priority track of expanding both the high-grade subdomains as well as the overall mineralized system. The comprehensive 2026 program strategically positions all three land packages on an exciting path toward expansion of PCE as well as additional discoveries as NexGen works to sustainably supply the world with uranium in the face of mounting and persistent deficits."

Table 1: Spectrometer results since August 28, 2025 release

Drillhole Unconformity Depth (m) Handheld Spectrometer Results (RS-125)
Hole ID Azimuth Dip Total Depth (m) From (m) To (m) Width (m) CPS Range
RK-25-254c2 275 -65 553.5 - 394.0 394.5 0.5 <500 - 530





394.5 395.0 0.5 <500 - 510





396.5 397.0 0.5 <500





409.5 411.5 2.0 <500





412.0 413.5 1.5 <500





420.5 421.0 0.5 <500





421.0 421.5 0.5 <500 - 900





421.5 422.0 0.5 <500





429.5 430.0 0.5 <500





437.5 438.0 0.5 <500 - 710





438.0 438.5 0.5 <500 - 530





438.5 439.0 0.5 <500 - 6500





439.0 439.5 0.5 <500 - 520





439.5 440.0 0.5 1000 - 4900





440.0 440.5 0.5 1000 - 12000





440.5 441.0 0.5 <500 - 9000





441.0 441.5 0.5 <500 - 1000





441.5 442.0 0.5 <500





442.0 442.5 0.5 <500





442.5 443.0 0.5 <500





446.0 446.5 0.5 <500 - 2000





446.5 447.0 0.5 <500 - 800





447.0 447.5 0.5 <500





447.5 448.0 0.5 <500 - 1000





448.0 448.5 0.5 <500





448.5 449.0 0.5 <500 - 700





449.0 449.5 0.5 <500 - 600





449.5 450.0 0.5 <500 - 700





450.5 451.0 0.5 <500





451.0 451.5 0.5 <500 - 700





451.5 452.0 0.5 <500 - 550





452.0 452.5 0.5 <500





452.5 453.0 0.5 <500 - 540





453.0 453.5 0.5 <500





453.5 454.0 0.5 <500 - 700





454.0 454.5 0.5 <500





457.0 457.5 0.5 <500





481.5 482.0 0.5 <500 - 600





482.0 482.5 0.5 <500 - 1300





482.5 483.0 0.5 <500 - 510





483.0 483.5 0.5 <500





483.5 484.0 0.5 <500





490.5 491.0 0.5 <500 - 1350





491.0 491.5 0.5 <500





491.5 492.0 0.5 <500





492.0 492.5 0.5 <500





492.5 493.0 0.5 <500





493.0 493.5 0.5 <500 - 700





493.5 494.0 0.5 <500





495.5 496.0 0.5 <500





496.0 496.5 0.5 <500 - 3600





496.5 497.0 0.5 <500 - 2000
RK-25-255 4 -70 950.4 112.7 674.5 675.0 0.5 <500





676.5 677.0 0.5 <500





779.5 780.0 0.5 <500 - 770





780.0 780.5 0.5 <500 - 1000





780.5 781.0 0.5 <500 - 2900





781.0 781.5 0.5 <500 - 4400





781.5 782.0 0.5 <500 - 2400





782.0 782.5 0.5 <500 - 550





782.5 783.0 0.5 <500 - 1200





785.5 786.0 0.5 <500 - 1000





786.0 786.5 0.5 <500





787.0 787.5 0.5 <500





789.5 790.0 0.5 <500





790.0 790.5 0.5 <500 - 1200





790.5 792.5 2.0 <500





792.5 793.0 0.5 <500 - 1000





793.0 798.0 5.0 <500





798.0 798.5 0.5 <500 - 1100





799.5 800.0 0.5 <500 - 620





800.5 801.0 0.5 <500





804.0 804.5 0.5 <500





805.0 805.5 0.5 1200 - 6700





807.0 807.5 0.5 <500 - 5000





807.5 807.7 0.2 10000 - 12000





807.7 807.8 0.1 >61000





807.8 808.0 0.2 <500 - 520





808.0 808.5 0.5 <500 - 3900





829.5 830.0 0.5 <500 - 520





830.0 830.5 0.5 <500 - 590





832.0 833.0 1.0 <500





833.0 833.5 0.5 <500 - 560





833.5 835.0 1.5 <500





835.5 836.5 1.0 <500





838.5 839.5 1.0 <500





840.5 841.0 0.5 <500





842.0 842.5 0.5 <500





842.5 843.0 0.5 <500 - 990





844.0 844.5 0.5 <500 - 940





844.5 845.0 0.5 <500 - 1700





845.0 845.5 0.5 <500 - 620





845.5 846.5 1.0 <500





847.5 848.0 0.5 <500 - 870





848.0 848.5 0.5 <500





851.5 852.0 0.5 <500 - 5300





852.0 852.5 0.5 <500 - 18400





885.5 886.0 0.5 <500





886.0 886.5 0.5 <500 - 800





886.5 887.0 0.5 <500 - 600





889.0 889.5 0.5 <500 - 550





889.8 890.1 0.3 6600 - 31000





890.1 890.5 0.4 <500
RK-25-257 337 -68 1085.0 108.0 925.0 925.5 0.5 <500 - 4800





925.5 926.0 0.5 <500 - 1180





929.5 930.0 0.5 <500 - 840





930.5 931.0 0.5 <500





931.0 931.5 0.5 <500 - 510





938.0 938.5 0.5 <500 - 1180





940.5 941.0 0.5 520 - 760





941.0 941.5 0.5 600 - 1500





941.5 942.0 0.5 <500 - 1190





942.0 942.5 0.5 530 - 1300





942.5 943.0 0.5 700 - 5100





943.0 943.2 0.2 3000 - 33000





943.2 943.3 0.1 >61000





943.3 943.5 0.2 2000 - 28000





943.5 944.0 0.5 580 - 2000





944.0 944.5 0.5 500 - 1300





944.5 945.0 0.5 1700 - 2800





946.0 946.5 0.5 850 - 9000





948.0 948.2 0.2 17000 - 43000





948.2 948.4 0.2 >61000





948.4 948.5 0.1 4000 - 9000





948.5 949.0 0.5 1800 - 50000





949.0 949.5 0.5 660 - 7100





949.5 950.0 0.5 750 - 6900





950.0 950.5 0.5 13000 - 5100





950.5 951.0 0.5 <500 -540





951.0 951.5 0.5 700 - 18000





951.5 952.0 0.5 <500 -540





952.0 952.5 0.5 <500 - 1830





954.5 955.5 1.0 <500





955.5 956.0 0.5 <500 - 710





956.0 956.5 0.5 <500





956.5 957.0 0.5 <500 - 1090





957.0 957.5 0.5 <500 - 1030





958.5 959.0 0.5 <500 - 750





959.5 960.0 0.5 <500 - 900





960.0 960.5 0.5 <500 - 720





960.5 961.0 0.5 680 - 3280





961.0 961.5 0.5 <500 - 540





961.5 962.0 0.5 <500 - 1280





962.0 962.5 0.5 <500 - 1230





962.5 963.0 0.5 <500 - 680





963.0 963.5 0.5 <500 - 1200





963.5 964.5 1.0 <500





965.5 966.0 0.5 <500 - 860





966.0 966.5 0.5 <500





968.5 969.0 0.5 <500 - 1300





971.5 972.0 0.5 <500





990.5 993.0 2.5 <500





993.0 993.5 0.5 <500 - 830





993.5 994.0 0.5 1700 - 3200





994.0 994.5 0.5 1200 - 3100





994.5 995.0 0.5 1100 - 3290





995.0 995.5 0.5 2000 - 5300





995.5 996.0 0.5 4000 - 9100





996.0 996.5 0.5 <500 - 900





996.5 997.0 0.5 <500 - 7380





997.0 997.5 0.5 900 - 2200





997.5 998.0 0.5 2980 - 2340





998.0 998.5 0.5 <500





1005.0 1005.5 0.5 600 - 3700





1005.5 1006.0 0.5 <500 - 1100





1006.0 1006.5 0.5 <500 - 1600





1006.5 1007.0 0.5 <500





1007.0 1007.5 0.5 <500 - 1300





1007.5 1008.0 0.5 <500





1009.5 1010.0 0.5 <500 - 3600





1010.0 1012.0 2.0 <500





1012.0 1012.5 0.5 <500 - 5000





1012.5 1013.0 0.5 1000 - 7500





1013.0 1013.5 0.5 790 - 10000





1013.5 1014.0 0.5 1050 - 9000





1014.0 1014.5 0.5 <500





1017.5 1018.0 0.5 <500 - 1900





1023.5 1024.0 0.5 <500 - 550





1024.0 1024.5 0.5 <500 - 760





1026.0 1026.5 0.5 <500





1026.5 1027.0 0.5 <500 - 4250





1027.0 1027.5 0.5 <500





1027.5 1028.0 0.5 580 - 4690





1028.0 1028.5 0.5 680 - 1390





1028.5 1029.0 0.5 780 - 2230





1029.0 1029.5 0.5 600 - 43000





1030.5 1031.0 0.5 <500 - 11000





1031.0 1031.5 0.5 <500 - 1090





1032.0 1032.5 0.5 <500





1032.5 1033.0 0.5 <500 - 29000





1033.0 1033.5 0.5 <500 - 5750





1033.5 1034.0 0.5 <500 - 1500





1035.5 1036.0 0.5 <500





1036.0 1036.5 0.5 <500 - 1500





1036.5 1037.0 0.5 <500
RK-25-257c1 337 -68 1139.0 - 964.0 966.0 2.0 <500





1037.0 1037.5 0.5 <500





1039.5 1040.0 0.5 <500 -700





1040.0 1040.5 0.5 <500 - 650





1040.5 1041.0 0.5 <500 - 750





1041.0 1041.5 0.5 <500 - 530





1041.5 1042.0 0.5 <500 - 620





1042.0 1042.5 0.5 <500





1044.0 1044.5 0.5 <500 - 690





1044.5 1045.0 0.5 <500 - 700





1048.5 1049.0 0.5 <500





1094.5 1095.0 0.5 <500
RK-25-257c2 337 -68 1104.0 - 997.5 998.0 0.5 <500





998.5 999.0 0.5 <500





1000.5 1001.5 1.0 <500





1036.5 1037.0 0.5 <500 - 1300
RK-25-258 278 -67 249.0 117.8 No significant intersections
RK-25-258c1 278 -67 687.0 - 499.0 499.5 0.5 <500





500.0 500.5 0.5 <500 - 2800





500.5 501.0 0.5 <500 -900





501.0 501.5 0.5 <500 - 1700





501.5 502.0 0.5 <500





502.5 503.5 1.0 <500





506.5 507.0 0.5 <500





507.0 507.5 0.5 <500 - 720





507.5 508.0 0.5 <500 - 620





508.0 508.5 0.5 <500 - 870





508.5 509.0 0.5 <500





514.0 514.5 0.5 <500





519.5 520.0 0.5 <500





520.0 520.5 0.5 <500 - 1300





520.5 521.0 0.5 <500 - 2300





521.0 521.5 0.5 <500 - 900





521.5 522.0 0.5 <500





534.5 535.0 0.5 <500





535.5 537.5 2.0 <500





538.0 538.5 0.5 <500





538.5 539.0 0.5 <500 - 1300





539.0 539.5 0.5 <500





545.0 546.0 1.0 <500





546.0 546.5 0.5 <500 - 1000





546.5 547.0 0.5 <500





549.0 551.0 2.0 <500





551.0 551.5 0.5 <500 - 2800





551.5 552.0 0.5 <500





552.0 552.5 0.5 <500 - 3300





552.5 553.0 0.5 3000 - 36000





553.0 553.5 0.5 1300 - 17000





553.5 554.0 0.5 2500 - 14000





554.0 554.5 0.5 550 - 2300





554.5 555.0 0.5 <500 - 1000





555.0 555.5 0.5 600 - 2000





557.0 557.5 0.5 <500





557.5 558.0 0.5 <500 - 760





558.0 558.5 0.5 1000 - 3600





558.5 559.0 0.5 3200 - 26000





559.0 559.5 0.5 9000 - 30000





559.5 560.0 0.5 5500 - 12000





560.0 560.5 0.5 600 - 3800





560.5 561.0 0.5 2000 - 6500





561.0 561.5 0.5 1500 - 3800





561.5 562.0 0.5 700 - 1700





562.0 562.5 0.5 <500 - 1500





562.5 563.0 0.5 1000 - 2500





563.0 563.5 0.5 <500 - 2100





563.5 564.0 0.5 <500 - 700





564.0 564.5 0.5 <500





564.5 565.0 0.5 <500 - 1000





565.0 565.5 0.5 <500





565.5 566.0 0.5 <500 - 530





566.0 566.2 0.2 500 - 3500





566.2 566.4 0.2 >61000





566.4 566.5 0.1 900 - 10000





566.5 567.0 0.5 <500





573.5 574.0 0.5 <500





574.5 575.0 0.5 <500





629.0 629.5 0.5 <500 - 950





629.5 630.0 0.5 <500 - 550





630.0 630.5 0.5 <500





631.5 633.0 1.5 <500





633.0 633.5 0.5 <500 - 1200





633.5 634.0 0.5 <500 - 1300





634.0 634.5 0.5 <500 - 630





635.0 636.0 1.0 <500





642.0 642.5 0.5 <500
RK-25-258c2 278 -67 667.0 - 552.5 553.0 0.5 <500





572.5 573.0 0.5 <500 - 820





573.0 573.5 0.5 <500 - 1800





574.0 574.5 0.5 <500 - 580





574.5 575.0 0.5 <500 - 1100





575.5 576.0 0.5 <500 - 5800





576.0 576.5 0.5 500 - 3500





576.5 577.0 0.5 800 - 2800





577.0 577.5 0.5 1000 - 8500





577.5 578.0 0.5 1400 - 8000





578.0 578.5 0.5 1400 - 9800





578.5 579.0 0.5 1000 - 30000





579.0 579.5 0.5 <500 - 37000





579.5 580.0 0.5 750 - 2400





580.0 580.5 0.5 2100 - 4200





580.5 581.0 0.5 <500 - 19000





582.5 583.0 0.5 <500





584.0 584.5 0.5 <500





584.5 585.0 0.5 <500 - 2350





585.0 585.5 0.5 500 - 5300





585.5 586.0 0.5 <500 - 2500





586.0 586.5 0.5 900 - 7000





586.5 587.0 0.5 <500 - 4100





587.0 587.5 0.5 500 - 27000





587.5 588.0 0.5 <500 - 1100





588.0 589.0 1.0 <500





589.5 590.0 0.5 <500





591.0 591.5 0.5 <500





592.0 592.5 0.5 <500 - 2500





592.5 593.0 0.5 <500 - 600





594.0 594.5 0.5 <500 - 750





594.5 595.0 0.5 <500 - 770





595.0 595.5 0.5 <500





598.0 598.5 0.5 <500





598.5 599.0 0.5 <500 - 520





601.0 601.5 0.5 <500





602.0 602.5 0.5 <500





603.5 605.5 2.0 <500





605.5 606.0 0.5 <500 - 1500





606.0 606.5 0.5 <500 - 700





606.5 607.0 0.5 <500 - 3000





607.0 607.5 0.5 900 - 2800





607.5 608.0 0.5 <500





608.0 608.5 0.5 <500 - 1800





608.5 609.0 0.5 <500 - 510





609.0 609.5 0.5 <500 - 1800





618.5 619.0 0.5 <500 - 520





619.5 624.0 4.5 <500





629.0 629.5 0.5 <500 - 750





629.5 630.0 0.5 <500





630.0 630.5 0.5 <500 - 1300





638.5 639.0 0.5 <500
RK-25-259 280 -68 609.0 118.7 461.0 461.5 0.5 <500





461.5 462.0 0.5 <500 - 1000





462.0 463.0 1.0 <500





463.0 463.5 0.5 <500 - 1300





463.5 464.0 0.5 <500 - 1200





464.0 464.5 0.5 <500 - 1000





464.5 465.0 0.5 <500





465.5 466.0 0.5 <500 - 700





471.0 471.5 0.5 <500





471.5 472.0 0.5 <500 - 1100





472.0 472.5 0.5 <500





472.5 473.0 0.5 <500 - 510





473.0 473.5 0.5 <500 - 750





473.5 474.0 0.5 <500





474.0 474.5 0.5 <500 - 720





474.5 475.0 0.5 600 - 3300





475.0 475.5 0.5 930 - 20000





475.5 476.0 0.5 <500 - 800





477.0 477.5 0.5 <500





491.0 491.5 0.5 <500





522.0 522.5 0.5 <500





522.5 523.0 0.5 <500 - 1300





523.0 523.5 0.5 <500 - 510





523.5 524.5 1.0 <500





532.5 533.0 0.5 <500





536.5 537.0 0.5 <500 - 1900





537.0 537.5 0.5 <500 - 22000





596.0 596.5 0.5 <500





596.5 597.0 0.5 <500 - 520
RK-25-260 277 -72 879.0 111.0 612.0 612.5 0.5 <500 - 520





614.0 614.5 0.5 <500 - 1690
RK-25-261 275 -70 456.0 - 272.0 273.0 1.0 <500





281.0 281.5 0.5 <500





282.0 283.0 1.0 <500





283.5 284.0 0.5 <500





284.0 285.0 1.0 <500 - 2000





286.0 286.5 0.5 <500





288.0 288.5 0.5 <500





290.5 291.0 0.5 <500





301.0 302.0 1.0 <500





308.0 308.5 0.5 <500





309.5 310.0 0.5 <500 - 600





310.0 312.0 2.0 <500





314.5 315.0 0.5 <500





322.0 324.5 2.5 <500





324.5 325.0 0.5 <500 - 700





325.0 325.5 0.5 <500 - 850





325.5 326.0 0.5 <500 - 540





326.0 326.5 0.5 <500 - 540





326.5 327.0 0.5 <500





327.0 327.5 0.5 <500 - 1300





327.5 328.0 0.5 700 - 16000





328.0 328.5 0.5 900 - 2800





328.5 329.0 0.5 <500 - 600





329.0 330.5 1.5 <500





330.5 331.0 0.5 1000 - 3700





331.0 331.5 0.5 <500 - 1900





331.5 332.0 0.5 <500





332.5 333.0 0.5 <500





333.0 333.5 0.5 <500 - 650





333.5 334.0 0.5 600 - 1000





334.0 334.5 0.5 <500





340.0 340.5 0.5 <500 - 640





340.5 341.0 0.5 <500 - 1100





341.0 341.5 0.5 <500 - 1400





341.5 342.0 0.5 <500 - 640





361.5 362.0 0.5 <500
RK-25-262 280 -70 567.0 119.6 417.0 417.5 0.5 <500 - 560





423.5 424.0 0.5 <500





426.5 427.0 0.5 <500





433.5 434.0 0.5 <500 - 580





435.0 435.5 0.5 <500 - 1400





435.5 436.0 0.5 <500 - 650





436.0 436.5 0.5 <500





438.0 438.5 0.5 <500





442.5 443.0 0.5 <500 - 700





452.5 453.0 0.5 <500 - 2200





455.0 455.5 0.5 <500





458.5 459.0 0.5 <500 - 330





459.0 459.5 0.5 <500 - 640





463.5 464.0 0.5 <500 - 1800





464.0 464.5 0.5 <500 - 5200





464.5 465.0 0.5 <500 - 630





466.0 466.5 0.5 <500





466.5 467.0 0.5 <500 - 1500





470.5 471.0 0.5 <500





490.0 490.5 0.5 <500 - 860





491.0 491.5 0.5 <500 - 650





491.5 492.0 0.5 <500 - 620





492.0 492.5 0.5 <500 - 730





492.5 493.0 0.5 <500 - 600





493.5 494.0 0.5 <500 - 540





494.0 494.5 0.5 <500 - 610





494.5 495.0 0.5 <500 - 3300





495.0 495.5 0.5 <500 - 2100





511.0 511.5 0.5 <500





511.5 512.0 0.5 <500 - 1000





512.0 512.5 0.5 <500
RK-25-263 275 -70 474.0 - 308.5 309.0 0.5 <500





311.5 312.0 0.5 <500 - 1100





312.0 312.5 0.5 <500 - 850





312.5 313.0 0.5 <500





313.0 313.5 0.5 <500 - 950





313.5 314.0 0.5 <500





314.5 315.0 0.5 <500 - 850





320.5 321.0 0.5 <500





356.5 357.5 1.0 <500





413.0 414.0 1.0 <500
RK-25-264 265 -70 390.0 123.8 255.0 256.5 1.5 <500





257.5 258.0 0.5 <500





263.0 264.5 1.5 <500





265.5 267.5 2.0 <500





325.5 326.5 1.0 <500
RK-25-210c1 310 -70 894.0 - 794.0 794.5 0.5 <500





795.0 796.0 1.0 <500





801.5 802.0 0.5 1800 - 35000





802.0 802.5 0.5 1100 - 15000





802.5 803.0 0.5 <500 - 850





803.0 803.5 0.5 <500 - 3500





803.5 804.5 1.0 <500





804.5 805.0 0.5 <500 - 1300





805.0 805.5 0.5 <500 - 1100





805.5 806.0 0.5 <500 - 720





806.0 806.5 0.5 <500 - 850





811.0 811.5 0.5 <500 - 1250





811.5 812.0 0.5 <500 -1600





812.5 813.0 0.5 <500 - 580





813.0 813.5 0.5 <500 - 2200





813.5 814.0 0.5 <500 - 2100





814.5 815.0 0.5 <500 - 750





817.5 818.0 0.5 <500 - 3150





819.0 819.5 0.5 <500





819.5 820.0 0.5 <500 - 3350





820.0 820.5 0.5 <500 - 2100





820.5 821.0 0.5 <500 - 2750





821.0 821.5 0.5 <500 - 11000





821.5 822.0 0.5 <500 - 4500





824.0 824.5 0.5 <500 - 600





824.5 825.0 0.5 <500 - 1350





855.5 856.0 0.5 <500





857.0 857.5 0.5 <500
RK-25-265 270 -68 627.0 119.2 488.0 488.5 0.5 <500





511.5 512.0 0.5 <500





512.0 512.5 0.5 <500 - 530





512.5 513.0 0.5 <500 -1620





515.5 516.0 0.5 <500
RK-25-210c2 310 -70 909.0 - 811.0 811.5 0.5 <500





811.5 812.0 0.5 1100 - 6200





812.0 812.5 0.5 <500 - 520





812.5 813.0 0.5 <500





813.0 813.5 0.5 <500 - 620





814.5 815.0 0.5 630 - 7000





816.5 817.0 0.5 <500 - 1200





817.0 817.5 0.5 <500 - 1100





819.0 819.5 0.5 <500 - 600





821.5 822.0 0.5 <500 - 1200





822.0 822.5 0.5 3000 - 20000





822.5 823.0 0.5 <500 - 6000





823.0 823.5 0.5 1000 - 5000





823.5 824.0 0.5 600 - 2400





824.0 825.0 1.0 <500





841.0 841.5 0.5 <500





841.5 842.0 0.5 <500 - 1000





844.5 845.0 0.5 <500





852.5 853.0 0.5 <500 - 780





868.5 869.0 0.5 <500 - 520





887.5 888.0 0.5 <500





888.0 888.5 0.5 <500 - 1000
RK-25-266 275 -67 543.0 122.9 431.5 432.0 0.5 <500





432.0 432.5 0.5 <500 - 6200





432.5 433.0 0.5 <500 - 900





433.0 433.5 0.5 <500 - 690
RK-25-267 274 -68 528.0 126.3 468.0 468.5 0.5 <500 - 900





470.5 471.0 0.5 <500





474.0 474.5 0.5 <500





488.5 489.0 0.5 <500
RK-25-268 280 -60 429.0 135.3 246.0 246.5 0.5 <500





248.0 248.5 0.5 <500





248.5 249.0 0.5 <500





249.0 249.5 0.5 <500





250.0 250.5 0.5 <500 - 650





250.5 251.0 0.5 <500





251.0 252.0 1.0 <500





252.0 252.5 0.5 <500 - 1500





253.5 254.0 0.5 <500





254.0 254.5 0.5 <500 - 630





254.5 255.0 0.5 530 - 1000





255.0 255.5 0.5 650 - 1530





255.5 256.0 0.5 <500





256.0 256.5 0.5 <500 - 650





256.5 257.0 0.5 <500 - 1000





257.0 257.5 0.5 <500 - 900





257.5 258.0 0.5 <500





258.5 259.0 0.5 <500





259.0 259.5 0.5 <500 - 1900





260.0 260.5 0.5 <500 - 600





260.5 261.0 0.5 <500 - 900





261.5 262.0 0.5 <500 - 610





262.5 263.5 1.0 <500





263.5 264.0 0.5 <500 - 900





272.5 273.0 0.5 <500





275.0 275.5 0.5 <500





276.0 276.5 0.5 <500 - 550





276.5 277.0 0.5 <500





277.5 278.0 0.5 <500





280.5 281.0 0.5 <500





285.0 285.5 0.5 <500





288.5 289.0 0.5 <500





289.0 289.5 0.5 <500 - 550





289.5 290.0 0.5 <500 - 2000





290.5 291.0 0.5 <500





293.0 293.5 0.5 <500 - 2550





293.5 294.0 0.5 <500 - 700





294.0 294.5 0.5 <500





295.5 296.0 0.5 <500





301.0 301.5 0.5 <500





305.5 306.0 0.5 <500 - 550
RK-25-269 298 -68 820.0 108.9 671.0 671.5 0.5 <500 - 850





703.0 703.5 0.5 <500 - 1820





709.5 710.0 0.5 <500 - 980





717.5 718.0 0.5 <500 - 700





718.0 718.5 0.5 <500 - 5700





724.5 725.0 0.5 <500 - 1800





727.5 728.0 0.5 <500 - 1380





731.5 732.0 0.5 1500 - 7600





732.0 732.5 0.5 1900 - 7600





732.5 733.0 0.5 500 - 890





733.0 733.5 0.5 <500 - 1890





733.5 734.0 0.5 900 - 2500





734.0 734.5 0.5 800 - 1260





734.5 735.0 0.5 <500 - 1480





735.5 736.0 0.5 <500





736.5 737.0 0.5 <500 - 520





737.0 737.5 0.5 <500 - 590





738.0 738.5 0.5 <500 - 2300





738.5 739.0 0.5 <500 - 540





744.0 745.0 1.0 <500





745.0 745.5 0.5 <500 - 1300





745.5 746.0 0.5 3010 - 3700





746.0 746.5 0.5 <500 - 1200





746.5 747.0 0.5 <500 - 7000





747.0 747.5 0.5 750 - 18000





747.5 748.0 0.5 <500 - 840





748.0 748.5 0.5 <500 - 640





748.5 749.0 0.5 770 - 2490





749.0 749.5 0.5 880 - 1380





749.5 750.0 0.5 <500 - 6600





750.0 750.5 0.5 <500 - 4430





751.5 752.0 0.5 <500





753.0 753.5 0.5 <500 - 680





755.5 756.0 0.5 <500 - 2100





757.5 758.0 0.5 650 - 1200





758.0 758.5 0.5 900 - 34000





758.5 759.0 0.5 2600 - 25000





759.0 759.5 0.5 600 - 2700





759.5 760.0 0.5 <500





760.0 760.5 0.5 <500 - 820





760.5 762.0 1.5 <500





762.0 762.5 0.5 <500 - 3800





762.5 763.0 0.5 500 - 3200





763.0 763.5 0.5 <500 - 790





763.5 764.0 0.5 <500 - 1700





764.0 764.5 0.5 <500





765.0 765.5 0.5 <500





765.5 766.0 0.5 <500 - 520





769.5 770.0 0.5 <500 - 1100





770.0 770.5 0.5 <500 - 1800





771.0 771.5 0.5 <500 - 970





771.5 772.0 0.5 <500 - 2400





772.0 772.5 0.5 <500 - 5800





772.5 773.0 0.5 <500 - 790





773.5 774.0 0.5 <500 - 2800





775.5 776.0 0.5 <500





776.5 777.0 0.5 <500 - 530





777.0 777.5 0.5 700 - 1170
RK-25-270 290 -65 420.0 134.7 No significant intersections
RK-25-271 275 -75 744.0 115.0 587.0 587.5 0.5 <500





587.5 588.0 0.5 <500 - 730





596.0 596.5 0.5 <500





596.5 597.0 0.5 <500 - 1300





597.0 598.0 1.0 <500





598.0 598.5 0.5 <500 - 600





600.0 600.5 0.5 <500





603.0 603.5 0.5 <500





610.0 610.5 0.5 <500 - 520





610.5 611.0 0.5 <500 - 10000





611.0 611.5 0.5 <500 - 1000





612.0 612.5 0.5 <500





612.5 613.0 0.5 <500 - 800





613.0 613.5 0.5 <500 - 610





613.5 614.0 0.5 <500





614.0 614.5 0.5 <500 - 4100





614.5 615.0 0.5 1500 - 6100





615.0 615.5 0.5 1400 - 4700





615.5 616.0 0.5 <500





617.5 618.0 0.5 <500 - 740





618.0 618.5 0.5 <500 - 3300





618.5 619.0 0.5 <500





620.0 621.0 1.0 <500





621.0 621.5 0.5 <500 - 630





621.5 622.0 0.5 <500 - 1600





622.0 622.5 0.5 760 - 2100





622.5 623.0 0.5 800 - 2800





623.0 624.5 1.5 <500





624.5 625.0 0.5 540 - 3100





625.0 625.5 0.5 1700 - 9100





625.5 626.0 0.5 1100 - 3300





626.0 626.5 0.5 <500 - 1700





626.5 627.0 0.5 <500 - 1000





627.0 627.5 0.5 <500 - 1400





627.5 628.0 0.5 520 - 2600





628.0 628.5 0.5 730 - 17500





628.5 629.0 0.5 <500 - 3200





629.0 629.5 0.5 <500 - 600





629.5 630.0 0.5 520 - 7600





630.0 630.5 0.5 720 - 39000





630.5 631.0 0.5 800 - 5700





631.0 631.5 0.5 570 - 8100





631.5 632.0 0.5 <500 - 2200





632.0 632.1 0.1 >61000





632.1 632.5 0.4 <500 - 55000





632.5 633.0 0.5 <500





633.0 633.5 0.5 <500 - 55200





633.5 634.0 0.5 1400 - 25400





634.0 634.2 0.2 24000 - 50500





634.2 634.3 0.1 >61000





634.3 634.5 0.2 21000 - 51500





634.5 634.7 0.2 >61000





634.7 635.0 0.3 3400 - 47500





635.0 635.2 0.2 >61000





635.2 635.5 0.3 2100 - 53500





635.5 636.0 0.5 <500 - 810





636.0 637.0 1.0 <500





637.0 637.4 0.4 <500 - 4200





637.4 637.5 0.1 >61000





637.5 637.7 0.2 <500 - 1100





637.7 637.8 0.1 >61000





637.8 638.0 0.2 <500 - 700





638.5 639.0 0.5 <500





639.0 639.5 0.5 <500 - 1850





639.5 640.0 0.5 2000 - 17500





640.0 640.5 0.5 550 - 11000





642.5 643.0 0.5 <500





643.0 643.5 0.5 <500 - 1100





643.5 644.0 0.5 <500





647.5 648.0 0.5 <500





648.0 648.5 0.5 <500 - 670





649.5 650.0 0.5 750 - 12000





650.0 650.5 0.5 <500 - 860





650.5 652.0 1.5 <500





652.0 652.5 0.5 <500 - 1090





653.0 653.5 0.5 <500 - 600





659.0 659.5 0.5 <500





663.5 664.0 0.5 <500





664.0 664.5 0.5 <500 - 5410





664.5 665.0 0.5 <500 - 690





675.0 675.5 0.5 <500 - 670





676.0 677.0 1.0 <500





677.5 678.0 0.5 <500 - 600





681.0 681.5 0.5 <500





697.0 697.5 0.5 <500 - 1000





705.5 706.0 0.5 <500 - 1300





723.5 724.5 1.0 <500
RK-25-272 270 -70 685.1 119.3 511.0 511.5 0.5 <500





511.5 512.0 0.5 <500 - 800





512.0 512.5 0.5 <500 - 1500





512.5 513.0 0.5 <500





521.0 522.5 1.5 <500





522.5 523.0 0.5 <500 - 590





523.0 523.5 0.5 <500 - 890





523.5 524.0 0.5 580 - 7200





524.0 524.5 0.5 <500





524.5 525.0 0.5 <500 - 1100





525.0 526.0 1.0 <500





530.0 530.5 0.5 <500





530.5 531.0 0.5 <500 - 1300





531.0 531.5 0.5 <500 - 800





531.5 532.0 0.5 <500 -700





532.0 532.5 0.5 <500 - 1500





532.5 533.0 0.5 500 - 15000





533.0 533.5 0.5 <500 - 600





533.5 534.0 0.5 800 - 23000





534.0 534.5 0.5 <500 - 600





534.5 535.0 0.5 <500 - 600





535.0 535.5 0.5 600 - 5000





535.5 536.0 0.5 1000 - 5000





536.0 536.5 0.5 600 - 2000





536.5 537.0 0.5 <500





539.5 540.0 0.5 <500





540.0 540.5 0.5 <500 - 630





540.5 541.0 0.5 <500





541.0 541.5 0.5 <500 - 580





541.5 542.5 1.0 <500





544.5 545.0 0.5 <500





545.5 548.0 2.5 <500





548.0 548.5 0.5 510 - 1700





548.5 549.0 0.5 640 - 1300





549.0 549.5 0.5 <500 - 3500





549.5 550.0 0.5 <500





550.0 550.5 0.5 630 - 5900





550.5 551.0 0.5 900 - 13000





551.0 551.5 0.5 <500 - 2100





552.5 553.0 0.5 <500 - 800





553.0 553.5 0.5 500 - 3800





553.5 554.0 0.5 <500 - 2800





554.0 554.5 0.5 1100 -7400





556.0 556.5 0.5 <500 - 1100





556.5 557.0 0.5 <500 - 2380





557.0 557.5 0.5 900 - 13800





557.5 558.0 0.5 1900 - 43000





558.0 558.5 0.5 4000 - 11900





558.5 559.0 0.5 <500 - 4600





559.0 559.5 0.5 <500 - 1500





559.5 560.0 0.5 <500 - 880





560.0 560.5 0.5 <500 - 1090





560.5 561.0 0.5 <500





561.0 561.5 0.5 <500 - 690





561.5 562.0 0.5 <500 - 1120





562.0 562.5 0.5 <500 - 580





562.5 563.0 0.5 <500 - 4000





563.0 563.2 0.2 >61000





563.2 563.5 0.3 <500 - 5300





563.5 564.0 0.5 <500





569.5 570.0 0.5 <500 - 870





570.0 570.5 0.5 <500 - 1200





570.5 571.0 0.5 <500 - 650





571.0 571.5 0.5 <500 - 590





571.5 572.0 0.5 2200 - 10000





572.0 572.5 0.5 <500 - 2900





572.5 573.0 0.5 <500 - 3700





573.0 574.0 1.0 <500





574.0 574.5 0.5 <500 - 1770





576.0 576.5 0.5 <500 - 6800





576.5 577.0 0.5 <500 - 4600





577.0 577.5 0.5 <500 - 10100





577.5 578.0 0.5 <500 - 590





578.0 578.5 0.5 <500





582.5 583.0 0.5 <500





584.0 584.5 0.5 <500 - 690





584.5 585.0 0.5 <500





586.5 587.0 0.5 <500





598.0 598.5 0.5 <500
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • "Off-scale" refers to >61,000 cps (counts per second) readings by gamma spectrometer type RS-125.
  • "Anomalous" means >500 cps readings by gamma spectrometer type RS-120.
  • Where "CPS Range" is <500 cps, this refers to local low radioactivity within the overall interval.
  • Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
  • Maximum internal dilution 2.0 m downhole.
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.

Contact Information

Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
lcuryer@nxe-energy.ca
www.nexgenenergy.ca

Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
tmcpherson@nxe-energy.ca
www.nexgenenergy.ca

Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 7307 191933
mkras@nxe-energy.ca
www.nexgenenergy.ca

Technical Disclosure*

All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, Exploration, a qualified person under National Instrument 43-101.

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

A technical report in respect of the FS is filed on SEDAR (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedarplus.ca and Edgar at www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

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NexGen Energy Ltd. Kanada Kanada A1WZPW NXE.TO      
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