Exgen Resources Inc. Announces Changes to the Board of Directors

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FOR IMMEDIATE RELEASE – MAY 5, 2016

EXGEN RESOURCES INC. ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

Vancouver, BC – ExGen Resources Inc. (EXG-TSXV/OTC-BXXRF) (the “Company”, or “ExGen”) announced today that Ms. Sophia Leung has resigned as a director of the Company for personal reasons. ExGen wishes to thank Ms. Leung for her dedication and service to the Company.

“Ms. Leung has been a valuable member of the Board of Directors, providing a broad perspective and valued input since joining us after our 2014 transaction with Key Venture Capital. On behalf of ExGen and the Board, we thank Ms. Leung for her many contributions to the Company,” said Jason Riley, President and CEO.

About ExGen Resources Inc.

ExGen, formerly Boxxer Gold Corp, is a project incubator with a strategy to aggregate projects during the current market downturn and then fund exploration through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 6 projects in Canada and the US.

For more information on ExGen please visit our website at http://exgresources.com or contact ExGen Resources Inc.

Jason Tong 604-889-7827 Chief Financial Officer Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.