NexGold Mining Corp. and Signal Gold Inc. announced that they have entered into a definitive arrangement agreement dated October 9, 2024 to combine the two companies and create a top near-term gold developer advancing NexGold's Goliath Gold Complex Project in Northern Ontario and Signal's Goldboro Gold Project in the historic Goldboro Gold District in Nova Scotia. The combined company's board of directors will be led by Jim Gowans as Chair and will comprise six board members nominated by NexGold and two board members nominated by Signal.

Reporting to the board of directors, the combined company will be managed by Kevin Bullock as President and Chief Executive Officer. Mr. Bullock is a registered Professional Mining Engineer and has been President and Chief Executive Officer of Signal since 2019 and is currently a director of B2Gold. Mr. Bullock was previously President and CEO of Volta Resources Inc. since its inception in 2002 and through to the ultimate sale of the company to B2Gold in 2013.

Mr. Bullock has over 30 years of senior mining experience in exploration, mine development, mine operations and capital markets. Throughout his career, Mr. Bullock has been involved in projects from inception through exploration to development and production. Mr. Bullock has also worked for Kirkland Lake Gold and Iamgold Corporation.