NGEx Expands High Grade Zone At Filo del Sol Project

VANCOUVER, BC - NGEx Resources Inc. reported results from the first seven of 23 holes drilled during its 2014 drill program at the Filo del Sol copper-gold-silver project located in San Juan Province, Argentina. Filo del Sol is a high sulphidation epithermal copper-gold-silver system that overlies a porphyry copper-gold system. The focus of this season's drill program was to expand and infill both the copper-gold porphyry mineralization and the higher-grade copper-silver zone which occurs as a sub-horizontal sheet or manto of variable thickness within the volcanic rocks which overlie the porphyry system. The drill holes significantly extend the previously identified manto zone and expand the broader zone of disseminated copper, gold, silver mineralization that surrounds the high grade zone.

Highlights include: VRC57 which intersected 10 meters of 2.8% copper, extending the high grade manto zone approximately 200 meters to the north of previous drilling; VRC58 which intersected the high grade manto zone with 12 meters of 1.42% copper, 0.24 g/t gold, 28.1 g/t silver within a wider zone of 70 meters of 0.75% copper, 0.17 g/t gold, 19.6 g/t silver; VRC59 which intersected the high grade manto zone including a high grade silver section containing 10 meters of 0.40% copper, 0.62 g/t gold and 273.4 g/t silver within a wider zone of 70 meters of 0.52% copper, 0.65 g/t gold, 46.4 g/t silver; VRC60 which intersected the high grade manto zone with 26 meters of 0.27% copper, 0.24 g/t gold and 148.3 g/t silver; VRC62 which intersected the high grade manto zone with 34 meters of 0.61% copper, 0.55 g/t gold and 104 g/t silver; Porphyry style mineralization intersected in VRC58, VRC59, VRC60, and VRC61. All drill holes terminated in porphyry mineralization. VRC58 terminated in mineralization grading 0.50 % copper and 0.64 g/t gold. The final 10 meters of VRC60 grade 0.30% copper and 0.42 g/t gold.

The seven holes released here span a north-south distance of just over 1,200 meters, with VRC59 at the southern edge of the drill pattern and VRC57 at the north. This distance is less than half of the minimum 2.5-kilometer extent of the mineralization known from previous drilling. Drill hole locations are shown on the plan map, which accompanies this news release.

A total of 8,208 meters of reverse circulation (RC) drilling was completed in 23 holes between December 10th, 2013 and March 5th, 2014. Assays have been received for the seven holes released today, with the remainder expected over the next month or so. The drill program was designed to collect sufficient data to allow for the planned completion of an initial mineral resource estimate for Filo del Sol later this year.