NXU 22-08-09 NR Debenture Extension

NEXCO RESOURCES INC.

#750 – 1095 West Pender Street Vancouver, British Columbia V6E 2M6 Telephone: 778-938-3367

Trading Symbol: CSE:NXU

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nexco Extends Term of Convertible Debentures

Vancouver, British Columbia, August 9, 2022 – Nexco Resources Inc. (the “Company” or “Nexco”) announces the extension of the terms of convertible debentures.

Specifically, $350,000 in convertible debentures subscribed for on July 20, 2021 have had their term extended from July 20, 2022 to July 20, 2023. $960,000 in convertible debentures subscribed for on July 30, 2021 have had their term extended from July 30, 2022 to July 30, 2023. $720,500 in convertible debentures subscribed for on August 25, 2021 have had their term extended from August 25, 2022 to August 25, 2023. All other terms of the convertible debentures remain the same.

Please refer to Nexco’s news releases dated July 20, 2021, August 10, 2021 and August 25, 2021, which are available on SEDAR at www.sedar.com, for additional information on the convertible debentures.

ON BEHALF OF THE BOARD

Zayn Kalyan, Interim Chief Executive Officer Telephone: 778-938-3367 Email: [email protected]