NexGen Financial Corporation announces Appointment of New Directors

TORONTO, March 13, 2012 /CNW/ - NexGen Financial Corporation ("NexGen" or the "Corporation") (NFX:TSX.V) is pleased to announce the appointment of Mr. Lionel Robins and Mr. Eric Beutel to the board of directors of the Corporation effective March 13, 2012.

Mr. Robins is currently President of Lionel Robins Management Limited, a private investment firm and has been actively involved in the development and management of several real estate ventures over the past 25 years.  Prior to that, Mr. Robins spent 25 years in the retail world, including as President of Fairweather and of Dylex Ltd.  Mr. Robins has devoted time and energy to many philanthropic causes, raising millions of dollars over the years to help those in need.  An active member of the community, Lionel has served on the Board of Directors of The Princess Margaret Hospital Foundation for ten years as well as four years as Chairman of the Foundation.  He is a past board member of the Betel Centre for Geriatric Care.  He is also on the Board of Governors of Mount Sinai Hospital, the Board of Governors for Baycrest Centre for Geriatric Care and is a member of the executive group of the UJA Federation.

Mr. Beutel is currently Vice-President of Oakwest Corporation Limited, a private investment holding company.  Mr. Beutel is also currently a director and chairman of the investment committee of the Equitable Trust Company.

"We welcome both Mr. Robins and Mr. Beutel to the NexGen Board.  Both are seasoned executives as well as being significant investors in the firm.  We look forward to their contribution." said Laurie Munro, President and Chief Executive Officer.

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.

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.

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.

Laurie Munro, President & CEO
NexGen Financial Corporation
416.775.3705
[email protected]