Phase III Program On The Lunahuasi Project

VANCOUVER – Wojtek Wodzicki, President and CEO of NGEx Minerals Ltd. said, The drill results confirm and extend the known zones of high-grade mineralization, improve our understanding of the associated porphyry system and have discovered new zones, all while expanding the boundaries of the Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. The 46.8m intersection at 9.55% CuEq in DPDH043 is particularly noteworthy and extends high-grade mineralization well to the north of previous drilling. We now have enough confidence in the size and shape of three of these zones to provide them with names – the Mars, Saturn and Jupiter zones. Each of these zones represents a significant volume of contiguous high-grade mineralization which we plan to further extend and define with the next phase of drilling.

Results to date indicate that these are just the first three of many additional zones that we have discovered in isolated drill intersections, and we are confident that additional closer spaced drilling will ultimately help to define them. With results from the final four holes of the program still to come and planning well underway for our fourth drill campaign, set to start in October, we are in a very strong position to continue increasing the value of this unique asset.”

DPDH040 was collared on a new platform at the western edge of the drill pattern and angled to the west at -46o to explore the up-dip extension of the vein system. Several mineralized zones were intersected as shown in Table 1, all of which extend the deeper zones upwards and remain open to surface. For example, the intersection at 554.00m to 562.00m is 314m vertically above the intersection from 842.00m to 855.00m in hole DPDH039 and may be on the same structure. On a larger scale, the 133.30m interval at 2.10% CuEq from 523.00m correlates well with the 400.40m interval at 1.72% CuEq in hole DPDH039, over 300m below.

Hole DPDH040 also intersected the far eastern edge of the porphyry system, starting at about 818m as indicated by the presence of porphyry veins and a transition indicated by the sequential copper analyses from enargite-dominated copper mineralization to chalcopyrite-dominated. The 359.30m interval from 818.00m to the end of the hole at 1,177.30m averaged 0.28% Cu and 0.12 g/t Au (0.40% CuEq) consistent with the distal part of the porphyry system. This interval is just over 400m north of the porphyry interval in DPDH027.

DPDH041 was collared from the same platform as DPDH018, 22, 28 and 34 and drilled towards the west at a dip of -56o to test for a southern extension to the Saturn zone. The 89.10m intersection at 4.09% CuEq from 581.90m correlates well with the Saturn zone and is located 150m below and to the south of the interval in DPDH028 and 100m above and to the south of the interval in DPDH034, providing a significant expansion to the zone.

DPDH042 was drilled from a new platform on the eastern edge of the drill pattern and angled to the west at a dip of -48o to test for both a northern extension to the Saturn zone and a southern extension to the Mars zone. The hole intersected a broad zone of very strong mineralization from 281.70m (48.9m at 7.75% CuEq), including a 12.55m section of 19.05% CuEq, which is interpreted as the southern continuation of the Mars zone structure. The intersection here is 100m south of the Mars zone intersection in DPDH032 (27.40m at 25.19% CuEq).. The hole then continued to intersect a narrower, but high-grade intersection at 509.10m (12.20m at 9.36% CuEq, including 2.30m at 23.82% CuEq) which is interpreted to lie along the same structure as the Saturn zone 140m north of the key intersection in DPDH028. This interval includes a 0.90m sample at 68.0 g/t Au, consistent with the very high gold tenure of the Saturn zone.

DPDH043 was collared at the northern edge of the deposit from the same platform as DPDH038 and drilled at an azimuth of 316o and a dip of -54o to test the northern extent of the deposit. It intersected the interpreted continuation of the Mars zone at 198.40m with a broad zone (89.60m) at 2.42% CuEq including high-grade intervals of 3.00m at 14.29% CuEq from 202.00m and 10.60m at 5.78% CuEq from 257.80m. This intersection extends the Mars zone by 50m from DPDH038. The hole then went on to hit a much stronger zone at 492.20m (46.80m at 9.55% CuEq) which included several much higher-grade intervals. This interval is thought to represent the first intersection into a new high-grade zone and clearly indicates that the deposit is completely open to the north.