NGEx Reports Second Quarter 2015 Results - Seite 3

FILO DEL SOL PROPERTY, ARGENTINA

The Filo del Sol Project straddles the international border between San Juan Province, Argentina and Region III, Chile. The Filo del Sol Project is comprised of adjacent mineral titles in Chile and Argentina which are 100% controlled by the Corporation through direct ownership or option agreements.

Filo del Sol is a high sulphidation epithermal copper-gold-silver system associated with a porphyry copper-gold system. Filo del Sol is a very large mineralized system, with dimensions based on wide spaced drill holes, of at least 3.7 kilometres in a north-south direction and 1 kilometre in an east-west direction. Overlapping mineralizing events, combined with weathering effects, have created several different styles of mineralization at Filo del Sol, including copper-gold porphyry, structurally-controlled gold, manto-style high-grade silver (+/- copper) and high-grade supergene copper enrichment.

A total of 7,060 metres of drilling was completed in 22 holes during the 2014/2015 program which finished on March 4, 2015. All of these holes were reverse circulation (RC) drilling, with the exception of a single diamond drill hole which was abandoned at 156 metres depth. A total of 4,137 metres in 17 holes was completed during the first quarter. On February 19, 2015, the Company announced the results from the first eight holes of the drill program at the Filo del Sol Project which included 72 metres of 339 g/t silver. The results of the remaining 14 drill holes were announced on April 16, 2015 and included 42 metres of 1.13 g/t gold and 145.6 g/t silver.

In addition to the drilling, a new surface geological map was and the area covered by surface geochemical sampling was extended. The results of the work completed this year supports the Company's view that the current Filo del Sol resource is part of a much larger mineralized system with significant exploration upside.

CORPORATE UPDATE

On April 10, 2015, the Company completed the sale of its 60% interest in the Assean Lake claims in Manitoba to VMS Ventures Inc. ("VMS"). In accordance with the terms of the agreement, the Company received a cash payment of $15,000 and 600,000 common shares of VMS. In addition, the Company will receive:

• Upon the earliest to occur of the completion of a preliminary economic assessment, a prefeasibility study or a feasibility study, a further 600,000 common shares of VMS; and