Vicuña District Exploration Team to Receive Thayer Lindsley Award FOR Best Global Discovery
NGEx Minerals Ltd.
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VICUÑA DISTRICT EXPLORATION TEAM TO RECEIVE THAYER LINDSLEY AWARD
FOR BEST GLOBAL DISCOVERY
November 14, 2023, Vancouver, B ritish Columbia – NGEx Minerals Ltd. (TSX -V: NGEX) (“ NGEx” or the
“Company”) is pleased to announce that the Lundin Group Vicuña Exploration Team, which includes Wojtek
Wodzicki, NGEx’s CEO, Bob Carmichael, NGEx’s Vice President of Exploration, and Martin Rode, NGEx’s South
America General Manager, has been selected by the Prospectors & Developers Association of Canada (“PDAC”)
to receive the 2024 Thayer Lindsley Award for the discovery of the Vicuña copper-gold-silver district in the
Central Andean copper province in Argentina and Chile. The award also includes Vicuña Exploration Team
members currently working with Filo Corp. and Lundin Mining Corporation.
The prestigious award recognizes an individual or team of explorationists credited with a recent significant
mineral discovery globally and will be presented during the annual PDAC Convention on March 5, 2024.
The award honours the memory of Thayer Lindsley, one of the most accomplished mine finders of the past
century and who was inducted into the Canadian Mining Hall of Fame in 1989. Throughout Mr. Lindsley's long
and extraordinary career, he either founded or was involved in the development of many famous Canadian
mining companies.
Wojtek Wodzicki, President and CEO, commented, “We are very honoured to receive such a prestigious award
recognizing the efforts and success of our exploration team . The discovery of the Vicu ña copper-gold-silver
district has taken many years of perseverance, entrepreneurial spirit, and the collaborative efforts of very
talented geologists with deep knowledge of grassroots exploration in the Central Andes. This is a proud
achievement for our company, the Lundin Group, and for all of the Lundin Group geologists who have worked
on this district over the years . I would like to thank everyone on our team who has contributed to th is
remarkable exploration success. Despite being active in the district for over 20 years and having already
discovered three significant deposits, the discovery of the high-grade Lunahuasi prospect by NGEx earlier this
year demonstrates the potential for additional world-class discoveries in the Vicuña District.”
Vicuña District Discovery History
The discovery of the Vicuña District is a story of successful long-term exploration that has led to four of the
most significant grass roots copper -gold-silver discoveries of the last 20 years . Many years of patient and
systematic exploration by the Lundin Group’s Vicu ña Exploration Team has resulted in the discovery of an
entirely new district that includes four major porphyry copper -gold-silver systems held by Lundin Group
companies including Filo del Sol (TSX: FIL), Josemaria (TSX: LUN) , Los Helados (TSX -V: NGEX), and Lun ahuasi
(TSX-V: NGEX).
A recent summary presentation on the Vicuña District is available on the Lundin Group website at:
https://thelundingroup.com/site/assets/files/10187/lundingroup_vicuna2023.pdf
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 northeast in Chile’s Region III. Both projects are located within
the Vicuña District, which includes the Josemaria and Filo del Sol deposits.
NGEx Minerals 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 Co., Ltd. which is the 49% owner
of the operating Caserones open pit copper mine located approximately 1 7 kilometres north of Los Helados.
Lundin Mining Corporation holds the remaining 51% stake in Caserones.
The Company is listed on the TSX Venture Exchange under the trading symbol "NGEX". NGEx Minerals is part
of the Lundin Group of Companies.
For Further Information
NGEx 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.sedarplus.com or on the Company’s website at www.ngexminerals.com.
Additional Information
Neither the TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the
policies of the TSX-V) 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”). All statements other than statements of historical facts included
in this document constitute forward -looking information . Words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", “targets”, "estimates", "forecasts", "intends", "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", "might" or "will be take n", "occur" or "be
achieved" or the negative connotations thereof and similar expressions identify forward-looking information.
The Company believes that the expectations reflected in the forward-looking information included in this news
release are reasonable, but no assurance can be given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon. In particular, this press release contains
forward-looking information pertaining to the discovery of the high -grade Lunahuasi prospect and potential
for additional discoveries in the Vicuña District.
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 t o publicly update and/or revise any of the included forward -
looking information, 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 eve nts 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.