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. 
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CO: Next Gen Metals Inc.
ST: British Columbia 
-0- Feb/26/2014 13:30 GMT
 
 
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