Nexco Provides Update on Acquisition of Soter Technologies, LLC and Amendment to Warrant Terms

Vancouver - Nexco Resources Inc. (the 'Company' or 'Nexco') hereby announces the extension of the warrant expiry date for the holders of 4,019,500 warrants issued on April 16, 2019.

The new warrant expiry date is June 16, 2022. The Company also provides the following update on the Company's previously announced acquisition (the 'Transaction') of Soter Technologies, LLC ('Soter Technologies'). The Company and Soter Technologies continue to work towards completion of the Transaction and the Company expects to provide another update soon

Contact:

Zayn Kalyan

Tel: 778-938-3367

Email: zayn@altuscapital.ca

The Company has previously announced the Transaction with Soter Technologies. Please refer to Nexco's news releases dated May 25, 2021, June 16, 2021, June 21, 2021, July 20, 2021, August 10, 2021 and August 25, 2021, which are available on SEDAR at www.sedar.com, for additional information on the Transaction. None of the securities issued in connection with the Transaction will be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. Completion of the Transaction is subject to a number of conditions, including but not limited to, obtaining the requisite shareholder and regulatory approvals, the acceptance by a Canadian stock exchange of the listing of the Company's common shares following the Transaction and other conditions set out in the definitive securities exchange agreement between the parties.

There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in any management information circular or disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.