Nexus Minerals Limited provided the following update in regards the Company's Wallbrook gold project, located in the eastern goldfields of Western Australia. Crusader-Templar Prospect: Program of 68,591m reverse circulation (RC) drilling completed along the 1.6km mineralised corridor; 14,679m diamond drilling program completed along same corridor; Nexus geologists commenced detailed review and interpretation of geology /alteration /structure /gold mineralisation; 16,264m RC and 10,989m diamond drill results remain pending; Majority of assay results expected to be received in July /August; Snowden Optiro mining consultants commence geological modelling; Follow up drill program planned to commence post geological interpretation work and next phase of drill planning completed; Management continues to prudently manage finances during the current period of economic uncertainty and market volatility; Cash on Hand $7.4 million. Regional Prospects: 18,590m reverse circulation drilling completed at three regional prospects - Branches, Solomon and Clement; 4,050m RC drill results pending; Regional gravity survey completed - processing underway; Ranking of prospects to be completed on receipt of drill assays and interpretation of geophysical datasets; Multiple mineralised corridors and prospects demonstrates potential for an emerging gold camp.