Phase Three Program At The Lunahuasi Project

VANCOUVER – NGEx Minerals Ltd. reported on the Phase 3 program at its Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina. The highlight of these results is the discovery of ultra high-grade visible gold in quartz veins in the Saturn zone, including 504.0 g/t over 1.55m and 290.0 g/t over 0.90m in two separate veins in hole DPDH046. This represents a new style of mineralization and a new exploration target for the project.

Drillhole DPDH044 intersected: 50.50m at 10.68% copper equivalent (“CuEq”) from 479.00m. Drillhole DPDH045 intersected: 15.40m at 10.28% CuEq from 191.60m. Drillhole DPDH046 intersected: 104.80m at 2.97% Cu, 14.74 g/t Au and 65.0 g/t Ag from 447.00m, including 61.90m at 3.46% Cu, 23.81 g/t Au and 87.3 g/t Ag from 467.10m, and 2.20m at 11.61% Cu, 142.27 g/t Au and 451.2 g/t Ag from 467.10m, plus 15.20m at 1.91% Cu, 61.72 g/t Au and 20.0 g/t Ag from 513.80m, also 3.60m at 2.68% Cu, 245.39 g/t Au and 14.7 g/t Ag from 520.00m

Wojtek Wodzicki, President and CEO, said, “The discovery of ultra high-grade free gold in quartz veins adds an entirely new dimension to the Lunahuasi project. High-grade gold quartz veins are a well-known component of the high-sulphidation epithermal deposit model and have proven to be a very significant part of successful projects developed on this deposit style elsewhere, such as the renowned El Indio mine located 150km to the southwest. We have intersected some outstanding gold grades in previous drilling at Lunahuasi, but seeing this new style of mineralization with these grades provides us with the possibility of outlining substantial value in a gold-dominant style of mineralization – further increasing the potential of what is already a great mineral deposit.

These results cap a very successful Phase 3 drill program which has exceeded our expectations on several fronts. Following up on this intersection and continuing to explore for similar veins within the gold-rich Saturn and Mars zones will be an important component of our upcoming Phase 4 drill campaign. We are still in the early stages of exploring this remarkable deposit, continue to get positive surprises as we add drillholes to the Lunahuasi project, and we believe that there will be more discoveries to come.”