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NGEX.TO ·

NGEX Minerals Announces Managemenent Changes

Corporate Updates

885 West Georgia Street

Suite 2000

Vancouver, Canada V6C 3E8

TEL: 604-689-7842

FAX: 604-689-4250

ngexminerals.com

[email protected]

NEWS RELEASE

NGEX MINERALS ANNOUNCES MANAGEMENENT CHANGES

VANCOUVER, September 16, 2019 - NGEx Minerals Ltd. (TSX-V: NGEX) (the “Corporation” or “ NGEx

Minerals”) announces the appointment of Mr. Jeff Yip as Chief Financial Officer of Corporation, replacing

Mrs. Joyce Ngo, who is resigning as Interim Chief Financial Officer, effective September 16, 2019.

"I am pleased to announce the appointment of Jeff Yip as the Company’s new Chief Financial Officer," said

NGEx Minerals President and Chief Executive Officer, Wojtek Wodzicki. "Jeff brings to our team a breadth

of experience and knowledge, having worked with a number of international junior resource companies in

increasingly senior roles since 2011 . Jeff concurrently serves as Chief Financial Officer of Filo Mining

Corp., where he has been at the helm of the financial team since November 2016. Jeff’s knowledge and

experience are a great addition to the team and all of us at NGEx Minerals are happy to have him aboard.

Joyce Ngo has been a key member of the team since 2012 and was instrumental in the spinout of the

Company from Josemaria Resources Inc. (formerly, NGEx Resources Inc.) as well as the earlier spinout of

Filo Mining. We are thankful to have had her commitment through the initial transition and settling time of

the two new entities. On behalf of the entire NGEx Minerals team and Board of Directors we wish her all

the best as she focuses energies on her new role as Corporate Controller at Josemaria Resources.”

Mr. Yip received his Bachelor of Commerce from the University of British Columbia and is a member of the

Chartered Professional Accountants of British Columbia (CPA, CA). After three years at Ernst & Young LLP

(Vancouver), Mr. Yip served as the Corporate Controller of Rusoro Mining Ltd., a junior gold producer with

operations in Venezuela, and for RB Energy Inc., a TSX -listed company with an iodine producing asset in

Chile and a lithium development asset in Canada. Mr. Yip also previously served as the Corporate

Controller, and then CFO, of Orca Gold Inc., an Africa-focused gold exploration company listed on the TSX

Venture Exchange. In addition to serving as the CFO of the Company, Mr. Yip will also concurrently serve

as the CFO of Filo Mining Corp., another Lundin Group company.

In addition to the above, the Company is also pleased to announce that Ms. Brenda Nowak , has been

appointed Corporate Secretary to the Company, with an effective date of September 16, 2019. Ms. Nowak has

over 25 years of experience in the legal aspect of the securities’ industry, over ten of those years specifically

with public companies in the mining industry. Before joining NGEx Minerals, Ms. Nowak was Corporate

Secretary for numerous other companies listed on both the TSX and TSX Venture Exchange, including

Kaminak Gold Corporation, International Northair Mines Ltd., New Dimension Resources Ltd., Troon Ventures

Ltd., Capstone Mining Corp. and Stornoway Diamond Corporation . Ms. Nowak currently also serves as

Corporate Secretary for North Arrow Minerals Inc. and Strongbow Exploration Inc. and will also concurrently

serve as the Corporate Secretary of Filo Mining Corp., another Lundin Group company.

Ms. Nowak will be replacing Ms. Julie Kemp, who has held the position of Corporate Secretary of NGEx

Minerals since its spinout from Josemaria Resources, and who has resigned her position to assume a full-time

position, in the same role, with Josemaria Resources, a Lundin Group copper -gold focused development

company.

About NGEx Minerals

NGEx Minerals Ltd. is a Lundin Group copper and gold exploration company based in Canada with projects

in Chile and Argentina. NGEx Mineral's holds the large-scale Los Helados copper-gold deposit, located

in Chile's Region III, as well as other early-stage projects located in Argentina. NGEx Minerals is the majority

partner and operator for the Los Helados Project, subject to a Joint Exploration Agreement with its joint

exploration partner in Chile, Pan Pacific Copper Co., Ltd. NGEx Minerals is actively seeking to add to its

portfolio of projects as part of its overall growth strategy. The Company is listed on the TSX -V under the

trading symbol NGEX.

On behalf of the board of directors of NGEx Minerals ,

Wojtek Wodzicki,

President and CEO,

NGEx Minerals Ltd.

For further information, please contact:

Michelle Fyfe, Investor Relations, Canada - +1-604-689-7842; or [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 news release.