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Next Gen Announces Plans to Diversify into the Legal Medical Marijuana and Industrial Hemp Industries

  Next Gen Announces Plans to Diversify into the Legal Medical Marijuana and
                          Industrial Hemp Industries

PR Newswire

VANCOUVER, Feb. 26, 2014

CSE: N OTC Pink: NXTTF FSE: M5BN

  *Next Gen's Vision: To be a leading provider of venture capital, management
    expertise, education and a facilitator for this explosive new industry

       *Next Gen plans to consolidate certain sectors of this fragmented
         industry

  *Next Gen plans to provide financing for Medical Marijuana and Industrial
    Hemp related companies who require capital in exchange for an equitable
    interest in their business and/or a royalty on sales
  *Next Gen intends on incubating companies that are technically savvy but
    require professional assistance in fundraising, complex negotiations,
    capital markets, public company administration and IPO's
  *Management's due diligence and recent regulatory/legal changes in North
    America have prompted our team to enter into this emerging multi-billion
    industry
  *Management is currently reviewing and soliciting new business proposals
  *The Company plans to abide by government law everywhere it operates

VANCOUVER, Feb. 26, 2014 /PRNewswire/ - Next Gen Metals Inc. (the "Company",
"Next Gen"), (CSE: N, OTC Pink: NXTTF, FSE: M5BN), announces its plans to
diversify into the Legal Medical Marijuana and Industrial Hemp industries in
North America.

Harry Barr, President and CEO of Next  Gen, stated that "Next Gen's vision  is 
to be a leading provider  of venture capital, management expertise,  education 
and a facilitator for this explosive new industry."

Mr. Barr further stated  that "A growing proportion  of the medical  community 
believe that Medical Marijuana and,  more specifically cannabinoids, have  the 
potential to help patients  who are suffering from  a variety of ailments  and 
illnesses. In addition, Industrial Hemp is an emerging industry in Canada  and 
hemp is one  of the strongest  natural fibers known  to man. Hemp  has a  wide 
range of applications including medicine. Both sectors show the potential  for 
exponential growth."

Government Regulation Change Leads to Growth in Industry

Health Canada's website  explains that "The  Marihuana Medical Access  Program 
(MMAP) ends  on March  31,  2014. This  is also  the  date that  all  previous 
Authorizations   to    Possess,   Personal-Use    Production   Licenses    and 
Designated-Person Production Licenses expire.  As of April  1, 2014, the  only 
legal access  to  marihuana for  medical  purposes will  be  through  licensed 
producers under  the  Marihuana  for  Medical  Purposes  Regulations  (MMPR)." 
(http://www.hc-sc.gc.ca/dhp-mps/marihuana/index-eng.php).

These regulation changes allow licensed producers to grow Medical Marijuana on
a commercial scale. Previously, licensed individuals had been allowed to  grow 
Medical Marijuana  in their  homes. Health  Canada estimates  that the  market 
could be  worth  $1.3 billion  by  2024.  Analysts and  industry  experts  peg 
estimates to be closer to $2.6 billion by 2016.

Health Canada's website explains that "The Industrial Hemp Regulation  Program 
permits Canadian farmers to  grow low-TCH cannabis  for industrial use,  under 
controlled circumstances.  This program  administers the  regulatory  approval 
process for the commercial production of industrial hemp. It is comprised of a
system of  licenses, permits  and  authorizations for  all persons  in  Canada 
engaged  in  the  cultivation,  distribution,  importation,  exportation,  and 
processing           of            industrial           hemp."            (See 
http://www.hc-sc.gc.ca/hc-ps/substancontrol/hemp-chanvre/about-apropos/index-eng.php).

In the  United States,  Medical  Marijuana is  legal  in 20  states  including 
Washington, DC.  Furthermore, Colorado  and  Washington State  have  legalized 
recreational use with additional states contemplating legalization.

Recent analysis  on  the  American  marijuana  marketplace  by  ArcView  Angel 
Investors forecast a  64% surge  in the legal  U.S. cannabis  market to  $2.34 
billion in 2014. They also estimate  that the five-year national market  could 
grow to $10.2 billion amid rising demand and potentially new state markets.

Vision

Next Gen's vision is to be  a leading provider of venture capital,  management 
expertise, education and a facilitator  for this explosive new industry.  Next 
Gen is  one  of  the  first  Canadian public  companies  to  enter  into  this 
multi-billion dollar green rush  whose objective is to  invest in a basket  of 
companies in  the  sector. The  Company  is currently  researching  investment 
opportunities in the  following industries  within the  Medical Marijuana  and 
Industrial  Hemp  space:  ^  health,  agri-business,  food,  legal   grow-ops, 
technology, client generation, education, public awareness, specialty  medical 
devices and ancillary business opportunities.

Competitive Advantages

Next Gen's competitive advantages include:

1.Management's financial contacts to raise venture capital
2.Management's ability to efficiently manage both public and private
    companies on an international scale
3.Management's ability to negotiate equitable deals for our partners and our
    shareholders

Our group has completed over  300 option/joint venture agreements with  major, 
mid-tier and  junior  companies and  raised  over $250,000,000  in  equity  to 
advance projects  throughout  9  countries.  Collectively,  Management  has  a 
combined  150   years  of   experience  managing   public/private   companies, 
negotiating complex deals and raising venture capital.

Investment Methodology

Finance methods will include but not be limited to the following:

1. Directly invest in both public and private companies focussed
   on the industry in exchange for an equitable interest in the business
   and/or a royalty on sales
2. Incubate companies that are technically savvy but require
   professional assistance in fundraising, complex negotiations,
   capital markets, public company administration and IPO's
  a. Act as a value-added partner
3. Organically grow in house businesses and technologies
4. Joint Fund/Venture with:
  a. Industry Leaders
  b. Private Equity Firms
  c. Finance and Brokerage Companies
  d. High Net Worth Investors
5. Create funding vehicles to finance our target acquisitions
6. Spin-off key businesses to create additional value for
   our shareholders

Milestones Going Forward

1.Brand Next Gen in accordance with its vision
2.Actively seek and review new business plans in the industry
3.Strengthen Management and Advisory Team within the Medical Marijuana
    sector
4.Be a leader in consolidating this fragmented industry

About Next Gen Metals Inc.

Next Gen Metals  Inc. is a  diversified public company  which focusses on  the 
Medical Marijuana and Industrial  Hemp industries in  North America. Next  Gen 
also has a Mineral Exploration division.

The Company's Medical Marijuana/Industrial Hemp divisions are working  towards 
branding Next Gen as the go-to Canadian public company for Legal Marijuana and
Industrial Hemp investment.

About the International Metals Group

The International Metals  Group ("IMG")  is an  organization of  professionals 
with a wealth of experience in all  aspects of the mining industry. Our  group 
consists of a brain bank  of project acquisition, exploration and  development 
professionals, including  dedicated  CEOs,  geologists,  engineers,  corporate 
finance and  investor relations  experts, corporate  managers, public  company 
administrators, and regulatory  and government affairs  specialists. To  date, 
IMG companies (past and present) have completed over 300 option/joint  venture 
agreements  with  major,  mid-tier  and  junior  companies  and  raised   over 
$250,000,000 to advance their projects throughout 9 countries.

In February  2014,  Next  Gen Metals  Inc.,  a  member of  the  IMG  Group  of 
Companies, became a diversified public  company which focusses on  investments 
in the Medical Marijuana, Industrial Hemp and Mineral Exploration  industries. 
Pacific North West  Capital Corp.  (TSXV: PFN, OTCBB:  PAWEF, FSE:  P7J) is  a 
majority shareholder of Next Gen Metals Inc.

On behalf of the Board of Directors

"Harry Barr"

Harry Barr
President & CEO

FORWARD LOOKING INFORMATION

This News Release contains forward-looking statements.  The use of any of  the 
words  "anticipate",   "continue",   "estimate",  "expect",   "may",   "will", 
"project",  "should",  "believe"  and  similar  expressions  are  intended  to 
identify forward-looking statements.  Although the Company  believes that  the 
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue  reliance should  not be placed  on the  forward-looking 
statements because the Company can give  no assurance that they will prove  to 
be  correct.  Since  forward-looking  statements  address  future  events  and 
conditions,  by   their  very   nature  they   involve  inherent   risks   and 
uncertainties. These  statements  speak only  as  of  the date  of  this  News 
Release.  Actual  results  could   differ  materially  from  those   currently 
anticipated due  to a  number  of factors  and  risks including  various  risk 
factors discussed in  the Company's  disclosure documents which  can be  found 
under the Company's profile on www.sedar.com.

This News Release contains "forward-looking statements" within the meaning  of 
Section 27A of the  Securities Act of  1933, as amended,  and Section 21E  the 
Securities  Exchange  Act  of  1934,  as  amended  and  such   forward-looking 
statements are made  pursuant to  the safe  harbor provisions  of the  Private 
Securities Litigation Reform Act of 1995.

The CSE has neither reviewed or approved the contents of this News Release.





SOURCE Next Gen Metals Inc.

Contact:

please visit our
websites:www.nextgenmetalsinc.com,www.pfncapital.com,www.elninoventures.com
andwww.internationalmetalsgroup.com.
 
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