Confirmation Of High-Grade Structures Intersected At The Lunahuasi Project

VANCOUVER - NGEx Minerals Ltd. reported on drill hole DPDH018 from the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina.  Drillhole DPDH018 intersected: 5.7m at 10.38% copper equivalent (CuEq) from 413.3m, plus 14.0m at 5.80% CuEq from 461.0m; 429.4m at 2.31% CuEq from 738.0m, including 102.7m at 4.26% CuEq from 741.3m, and 13.2m at 16.24% CuEq from 827.9m; 3.1m at 16.54% CuEq from 896.4m, plus 11.0m at 8.06% CuEq from 1142.0m; 3.5m at 10.31% CuEq from 1159.4m. The hole ended in mineralization with the final 20.4m averaging 3.37% CuEq (2.87% Cu, 0.45 g/t Au, 20.2 g/t Ag).

Wojtek Wodzicki, President and CEO, said, "These latest results confirm the pattern seen in earlier drill holes with high-grade structures intersected over the full length of the hole and the intensity of stockwork mineralization between the individual high-grade structures increasing from east to west. This pattern reflects an increase in alteration and mineralization intensity towards the west which we believe is giving us a vector towards the centre of the system. The idea of the centre of the system lying to the west is supported by the surface geology, which includes an area of intense surface alteration centered between the collar of hole DPDH019 and the bottom of DPDH018. This is a style of alteration that typically occurs vertically above porphyry centres. Despite the grades seen in this drill hole, the alteration is suggesting that although we are getting closer, we are still not in the heart of the system. The fact that this drill hole intersects very high-grade mineralization near its end, including intervals at 8.06% CuEq and 10.31% CuEq, bodes well for the potential to extend mineralization to the west and to depth and perhaps hints at the strength of the underlying porphyry system that fed the mineralization drilled to date."