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NGEX.TO ·

NGEx Minerals Appoints Mr. Axel Lundin to the Board of Directors

Management Changes

NGEx Minerals Ltd.

2000 – 885 West Georgia Street

Vancouver BC Canada V6C 3E8

T +1 604 689 7842

F +1 604 689 4250

[email protected]

NGEXminerals.com

NEWS RELEASE

NGEx Minerals Appoints Mr. Axel Lundin to the Board of Directors

Vancouver, April 20, 2022 - NGEx Minerals Ltd. (TSXV: NGEX) (“NGEx Minerals” or the “Company”) is

pleased to announce the appointment of Mr. Axel Lundin to the Company’s Board of Directors, effective

immediately.

Mr. Lundin graduated from the University of Southern California where he obtained a degree in Mechanical

Engineering. Mr. Lundin has been involved in the natural resource industry his entire life through exposure

to several Lundin Group companies. Following his graduation from university, Mr. Lundin worked as a

Drilling and Planning Engineer for Lundin Energy AB in Norway and is currently a Business Analyst at

International Petroleum Corporation in Geneva, Switzerland.

William A. Rand, Chairman of NGEx Minerals, comments, “We are pleased to welcome Mr. Lundin to NGEx.

He brings engineering and broad business experience to our Board as the Company advances the Los

Helados and Valle Ancho Projects.”

ABOUT NGEX MINERALS

NGEx Minerals is a copper and gold exploration company based in Canada with projects in Chile

and Argentina. NGEx Minerals holds the large-scale Los Helados copper-gold deposit, located

in Chile's Region III, as well as an option to earn a 100% interest in the Valle Ancho Project located in

Catamarca, Argentina. NGEx Minerals is the majority partner and operator for the Los Helados Project,

subject to a Joint Exploration Agreement with Nippon Caserones Resources Co., Ltd. The Company is listed

on the TSXV under the trading symbol “NGEX”.

On behalf of NGEx Minerals,

Wojtek Wodzicki,

President and CEO

For further information:

Amanda Strong, Investor Relations

Canada: +1 604 689 7842 or [email protected]

Additional information relating to NGEx Minerals Ltd. may be obtained or viewed on the SEDAR website at

www.sedar.com or on the Company’s website at www.NGExminerals.com.

ADDITIONAL INFORMATION

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)

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.