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NGEx Begins Josemaria and Filo del Sol Drill Programs, Completion of GJ Program

NGEx Resources Inc. (NGQ.TO) has begun drilling at the Josemaria and Filo del Sol Projects located in San Juan Province, Argentina. Drilling has started with one diamond drill rig at each project with an additional rig scheduled to be added to each project in the next few weeks. Six drill rigs continue to work at the nearby Los Helados Project where drilling began in October, NGex said.

An additional rig has begun testing some promising early stage exploration targets located between Josemaria and Los Helados. The Company now has a total of 9 diamond drill rigs working in the four project areas.

J Project, Canada

The Company has been notified by its partner and project operator Teck Resources Limited (TCK.TO) that final results from the 2012 exploration program on the GJ project located in northwestern British Columbia, have now been received.

GJ is a large copper-gold porphyry system located 25 km from and in a similar geological setting to the Red Chris deposit which is currently under construction. The Donnelly deposit contains a Measured and Indicated resource at a 0.2% copper cutoff of 153 million tonnes grading 0.32% copper and 0.37 g/t gold plus an Inferred resource of 23 million tonnes grading 0.26% copper and 0.31 g/t gold. Teck is earning up to a 75% interest in the GJ project under a previously announced option agreement

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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