NGEx Congratulates LunR Royalties on Receiving Final Approval to List on the
NGEx Minerals Ltd.
2800 – 1055 Dunsmuir Street
Vancouver BC, Canada V7X 1L2
T +1 604 689 7842
F +1 604 689 4250
NGEXminerals.com
NGEx Congratulates LunR Royalties on Receiving Final Approval to List on the
TSXV, Trading to Commence December 19, 2025
December 18, 2025, Vancouver, British Columbia – NGEx Minerals Ltd. (“NGEx”, “NGEx Minerals” or the
“Company”) (TSX: NGEX; OTCQX: NGXXF) congratulates LunR Royalties Corp. (“ LunR Royalties ”) on
receiving final approval to list its common shares for trading on the TSX Venture Exchange (the “ TSXV”)
and that trading will commence at the opening of the market on December 19, 2025. Upon listing on the
TSXV, the Common Shares will trade under the symbol “LUNR”.
LunR Royalties was spun out of NGEx Minerals by way of a statutory plan of arrangement under the
Canada Business Corporation Act (the “Arrangement”) on October 23, 2025. Following completion of the
Arrangement, NGEx holds 13,370,107 common shares in LunR Royalties.
Please refer to the LunR Royalties news release dated December 17, 2025 for more information.
About NGEx Minerals
NGEx Minerals is a copper and gold exploration company based in Canada, focused on exploration of the
Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-
gold project located approximately nine kilometres to the northeast in Chile’s Region III. Both projects are
located within the Vicuña District, which includes the Caserones mine, and the Josemaria and Filo del Sol
deposits.
NGEx owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project,
subject to a Joint Exploration Agreement with Nippon Caserones Resources LLC, which is the indirect 30%
owner of the operating Caserones open pit copper mine located approximately 17 kilometres north of Los
Helados. Lundin Mining Corporation holds the remaining 70% stake in Caserones.
The Company’s common shares are listed on the TSX under the symbol “NGEX” and also trade on the
OTCQX under the symbol “NGXXF”. NGEx is part of the Lundin Group of Companies.
Additional information relating to NGEx may be obtained or viewed on SEDAR+ at www.sedarplus.ca.
For further information, please contact:
Finlay Heppenstall
VP, Corporate Development & Investor Relations
Tel: +1 (604) 806-3089
Additional Information
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this news release.
The information contained in this news release was accurate at the time of dissemination but may be
superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to
update or revise the forward-looking information, whether as a result of new information, future events
or otherwise, except as may be required by applicable securities laws.
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes “forward -looking
information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively,
“forward-looking information”). A ll statements other than statements of historical facts included in this document
constitute forward -looking information, including but not limited to, statements regarding: the timing for the
commencement of trading of LunR Shares on the TSXV; and the bus iness and operations of LunR, including its
intention to grow and diversify a portfolio of royalties, streams and similar interests in the mining and mineral
resource industry through strategic acquisitions and investments. Generally, this forward -looking information can
frequently, but not always, be identified by use of forward -looking terminology such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “pr ojects”, “budgets”,
“assumes”, “strategy”, “objectives”, “potential”, “possible”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or statements that certain actions, events, conditions or results “will”, “may”,
“could”, “would”, “should”, “might” or “will be taken”, “will occur” or “will be achieved” or the negative connotations
thereof.
Forward-looking information is necessarily based upon various estimates and assumptions including, without
limitation, the expectations and beliefs of management with regards to the focus and objective of future work
programs, the expected results or success of future work programs, the growth strategy of the Company and/or LunR.
Although the Company believes that these factors and expectations are reasonable as at the date of this document,
in light of management's experience and perception of current conditions and expected developments, these
statements are inherently subject to significant business, economic and competitive uncertainties and contingencies.
Known and unknown risks, uncertainties and other factors may cause actual results or events to differ materially
from those anticipated in such forward -looking statements and undue reliance should not be placed on such
statements and information. Such factors include, without limitation , Mineral Resources estimates, estimations of
costs, and permitting time lines; ability to obtain surface rights and property interests; currency exchange rate
fluctuations; requirements for additional capital; changes to government regulation of mining act ivities;
environmental risks; unanticipated reclamation or remediation expenses; title disputes or claims; limitations on
insurance coverage; material adverse changes to the current price of and/or demand for commodities, particularly
copper, gold and silver; material adverse changes to general business and economic conditions, including in the
jurisdictions in which the Company’s mineral property interests reside; material labour disputes, accidents, or failures
of equipment; and those described in the Risk Factors section of the most recent annual information form and annual
management discussion and analysis, and risks, uncertainties and other factors identified in the Company's periodic
filings with Canadian securities regulators. which are available on SEDAR+ at www.sedarplus.ca under the Company's
profile.
The forward-looking information contained in this news release is based on information available to the Company as
at the date of this news release. Except as required under applicable securities legislation, the Company does not
undertake any obligation to publicly update and/or revise any of the forward-looking information included, whether
as a result of additional information, future events and/or otherwise. Forward -looking information is provided for
the purpose of providing information about managemen t’s current expectations and plans and allowing investors
and others to get a better understanding of the Company’s operating environment. Although the Company has
attempted to identify important factors that would cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or
intended. There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. All the forward -looking information
contained in this document is qualified by these cautionary statements. Readers are cautioned not to place undue
reliance on forward-looking information due to the inherent uncertainty thereof.
Cautionary Note to U.S. Readers
Information concerning the mineral properties of the Company contained in this news release has been prepared in
accordance with the requirements of Canadian securities laws, which differ in material respects from the
requirements of securities laws of the United States applicable to U.S. companies subject to the reporting and
disclosure requirements of the United States Securities and Exchange Commission. Accordingly, such information may
not be comparable to similar information made public by other U.S. c ompanies subject to the securities laws of the
United States and the rules and regulations thereunder.