NexGen Financial Corporation Announces Conditional Listing Approval on TSX Venture Exchange

TORONTO, Nov. 16, 2011 /CNW/ - NexGen Financial Corporation ("NexGen") today announced that it has received conditional approval from the TSX Venture Exchange in respect of a listing of its common shares. NexGen has 90 days to satisfy the listing conditions and anticipates that the shares will commence trading in early 2012.

"NexGen recently celebrated its fifth anniversary, having grown our assets under management over this time to approximately $900 million. The listing will satisfy an undertaking provided to our 2009 private placement investors and provide NexGen with greater access to the capital markets." said Laurie Munro, President and Chief Executive Officer of NexGen.

About NexGen Financial
NexGen Financial Corporation is a mutual fund company and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.

Forward Looking Statements
This release may contain "forward-looking statements" which reflect the current expectations of the Company. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those listed under the heading "Risk Factors" in the Company's Management Discussion and Analysis, which is available the Company's website and on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the Company believes to be reasonable assumptions, the Company cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nexgen Financial Corporation

For further information:

Laurie Munro, President & CEO
NexGen Financial Corporation
416.775.3705
lmunro@nexgenfinancial.ca

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Nexgen Financial Corporation

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