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  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       o 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 /CNW/ - 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-en g.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.  please visit our  websites:www.nextgenmetalsinc.com,www.pfncapital.com,www.elninoventures.c om andwww.internationalmetalsgroup.com.  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/February2014/26/c7327.html  CO: Next Gen Metals Inc. ST: British Columbia