NGEx Announces Filing of Technical Report for the Josemaria Project

NGEx Announces Filing of Technical Report for the Josemaria Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- NGEx
Resources Inc. (TSX:NGQ) ("NGEx" or the "Company") reports that a NI
43-101 compliant Technical Report titled "UPDATED MINERAL RESOURCE
ESTIMATE for the JOSEMARIA PROPERTY, SAN JUAN PROVINCE, ARGENTINA"
has been filed on SEDAR (www.sedar.com). The report contains details
of the technical work supporting the updated mineral resource
estimate which was described in a news release dated January 10,
2013. 
About NGEX 
NGEX is a Canadian mineral exploration company with exploration
projects in Chile, Argentina, and Canada. The Company's shares are
listed on the Toronto Stock Exchange under the symbol "NGQ". The
Company's focus is on advancing its Vicuna Project which includes
several large copper-gold systems including the Josemaria, Los
Helados, and Filo del Sol projects, located on a contiguous land
package that the Company holds in Chile's Region III and adjacent San
Juan Province, Argentina. Los Helados and Filo del Sol are part of a
joint venture in which the Company holds 60% and Pan Pacific Copper
Co., Ltd holds 40%. Josemaria is part of a joint venture in which the
Company holds 60% and Japan Oil, Gas, and Metals National Corporation
(JOGMEC) owns 40%. In addition to the Vicuna Project the Company
holds an extensive portfolio of 100% owned early stage exploration
projects located in Chile and Argentina. It also owns a 100% interest
in the GJ copper and gold project located in British Columbia Canada.
The GJ project is optioned to Teck Resources who are earning up to a
75% interest. 
On behalf of the board 
Wojtek Wodzicki, President and CEO 
Qualified Person and Assay Protocols 
Mr. Bob Carmichael, B.A.Sc, P.Eng., is the Qualified Person as
defined by National Instrument 43-101. Mr. Carmichael is Vice
President, Exploration for the Company and has reviewed and approved
the technical information contained in this news release. The Quality
Control/Quality Assurance (QA/QC) program on the Josemaria Project is
under the management of Diego Charchaflie M.Sc., P.Geo (BC), a
Qualified Person pursuant to NI 43-101.  
Cautionary Note Regarding Forward-Looking Information 
This news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of NGEx
Resources Inc. Forward-looking information includes, but is not
limited to, statements with respect to the estimation of commodity
prices, mineral reserves and resources, the realization of mineral
reserve estimates, capital expenditures, costs and timing of the
development of new deposits, the success of exploration activities,
permitting time lines, currency exchange rate fluctuations,
requirements for additional capital, government regulation of mining
activities, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage.
Generally, this forward-looking information can be identified by the
use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the negative
connotations thereof. All such forward-looking information is based
on the opinions and estimates of the relevant management as of the
date such statements are made and are subject to important risk
factors and uncertainties, many of which are beyond the Company's
ability to control or predict. 
Forward-looking information is necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: risks and
uncertainties relating to, among other things, changes in commodity
prices, currency fluctuation, financing, unanticipated reserve and
resource grades, infrastructure, results of exploration activities,
cost overruns, availability of materials and equipment, timeliness of
government approvals, taxation, political risk and related economic
risk and unanticipated environmental impact on operations as well as
other risks and uncertainties described under "Risks Factors" in the
Company's Annual Information Form available under the Company's
profile at www.sedar.com and the Company's website. 
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 of the forward-looking
information contained in this document is qualified by these
cautionary statements. Readers should not place undue reliance on
forward-looking information. Forward-looking information is provided
for the purpose of providing information about management's current
expectations and plans and allowing investors and other to get a
better understanding of the Company's operating environment. These
factors are not, and should not be construed as being, exhaustive.
Statements relating to "mineral reserves" or "mineral resources" are
deemed to be forward-looking information, as they involve the implied
assessment, based on certain estimates and assumptions that the
mineral reserves and mineral resources described can be profitably
produced in the future. The forward-looking information contained in
this press release is expressly qualified by this cautionary
statement. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking information
whether as a result of new information, events or otherwise, except
in accordance with applicable securities laws.
Contacts:
NGEx Resources Inc.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
ngexresources@namdo.com
www.ngexresources.com