Nexus Uranium Announces Effective Date of Share Consolidation

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to announce that, further to its news release dated October 10, 2025, effective at the opening of trading on October 21, 2025 (the "Effective Date") the common shares of the Company (the "Shares") will commence trading on the Canadian Securities Exchange on a consolidated basis, with one (1) post-consolidation Share outstanding for every ten (10) pre-consolidation Shares (the "Consolidation").

As a result of the Consolidation, on the Effective Date, the number of issued and outstanding Shares will be reduced from the current 72,963,884 outstanding Shares to approximately 7,296,386 Shares, subject to rounding. No fractional shares will be issued. The number of post-Consolidation Shares to be issued to shareholders will be rounded up to the nearest whole number for fractions of 0.5 or greater or rounded down to the nearest whole number for fractions of less than 0.5, and no cash consideration will be paid in respect of fractional shares.

The exercise or conversion price and the number of Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted to reflect the Consolidation on the Effective Date.

Registered shareholders who hold Shares represented by a physical certificate will receive a letter of transmittal from the transfer agent for the Company, Endeavor Trust Corporation, with instructions on how to exchange their existing certificates for certificates representing post-Consolidation Shares. No action is required by registered shareholders who hold their Shares in book-entry (e.g. DRS) form or by non-registered shareholders (shareholders who hold their Shares through an intermediary) to effect the Consolidation.

The Company name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 65345P200 and the new ISIN number will be CA65345P2008 for the post-Consolidation Shares.

About Nexus Uranium Corp.

Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector. The Company holds five uranium projects in the United States: Chord and Wolf Canyon in South Dakota; South Pass and Great Divide Basin in Wyoming; and Wray Mesa in Utah. These projects have seen extensive historical exploration and are located in prospective development areas. Nexus also holds the Mann Lake uranium project in the Athabasca Basin of northern Saskatchewan, Canada.