EXG.V · 2017-03-01 12:00:00

Exgen Resources Inc. Announces $100,000 Non Brokered Private Placement Offering

Financings

NEWS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

EXGEN RESOURCES INC. ANNOUNCES $100,000 NON BROKERED PRIVATE PLACEMENT OFFERING

March 1, 2017 Vancouver , BC – ExGen Resources Inc. (EXG-TSXV/OTC-BXXRF) (the “ Company”, or

“ExGen”) announces a non-brokered private placement offering (the “Offering”) to sell up to 2,000,000 common

share units (“Common Share Units”) at price of $0.05 per Co mmon Share to raise gross proceeds of up to

$100,000.

Each Common Share Unit consists of one Common Shar e and one non-transferable share purchase warrant.

Each whole warrant entitles the holder thereof to acquire one Common Share at a price of $0.10 per Common

Share for a period of four years (48) months following the closing of the O ffering. Warrants will NOT be listed for

trading.

The proceeds of the Offering will be used for general working capital purposes.

Closing of the Offering is anticipated to occur on or befor e March 31, 2017 and is subject to receipt of applicable

regulatory approvals including approval of the TSX Ventur e Exchange. All securities will be subject to a four

month hold.

The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended

(the "1933 Act"), or under any state securities laws, and ma y not be offered or sold, directly or indirectly, or

delivered within the United States or to, or for t he account or benefit of, U.S. persons (as defined in

Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration

requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the

United States.

About ExGen Resources Inc.

ExGen, formerly Boxxer Gold Corp, is a project incubator wi th a strategy to acquire a diverse portfolio of projects

and then fund exploration through joint ventures and part nership 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 divers e 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 contact ExGen Resources Inc.

Jason Tong

604-889-7827

Chief Financial Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchan ge) accepts responsibility for the ad equacy or accuracy of this

release.