Next Gen Metals Inc. Lists on the TSX Venture Exchange - Trade Symbol: N


VANCOUVER, Feb. 2 /CNW/ - Next Gen Metals Inc. (the "Company" or "Next Gen", (N:TSX.V) is pleased to announce that the Company's shares will be listed for trading on the TSX Venture Exchange ("TSX.V") (Tier 2) at the market open on February 2, 2011. 

The Company requested that its shares be voluntarily delisted from the Canadian National Stock Exchange ("CNSX ") and the CNSX has granted the request effective the close of the market on February 7, 2011.

Next Gen's trading symbol continues as "N" on the TSX.V. 

The directors and management of Next Gen believe that listing on the TSX Venture Exchange is in the best interests of the shareholders and will better enable the Company to raise additional capital to further develop its projects and provide additional market liquidity. 

About Next Gen Metals Inc.

Next Gen is a mineral exploration company with a primary focus on gold, silver and base metals projects in North America. The Company is presently developing the Silver Chalice Property, located in Alaska, and the Fate Gold Project located in the Abitibi Greenstone Belt of Northwest Québec, which is one of the most famous gold and base metals regions in the world. In addition, the Company is aggressively negotiating for additional advanced stage gold projects in North America.

Next Gen is the newest company to join the International Metals Group. The Board of Directors is comprised in part with directors from the International Metals Group ("IMG") ( who, along with management, have a combined 150 years or more of experience in all aspects of managing public companies related to the resource industry.

About the Fate Gold Project

The Fate Gold Project is located in the Abitibi Greenstone Belt of Northwest Québec, one of the most famous gold and base metals regions in the world. Portions of the area surrounding the Fate Gold Project have thicker overburden which management believes has hindered past exploration efforts. Recent advances in mining exploration technology are allowing companies like Next Gen to make significant gains in under-explored areas of Canada.

The Fate Gold Project covers approximately eight kilometres of the western extension of this under-explored stratigraphy which is host to the Destiny gold resource, where Pacific North West Capital Corp. (PFN: TSX) and Alto Ventures Ltd. (ATV: TSX.V) have an active exploration program. This stratigraphy and potential mineralization extends approximately 20 km along the major Chicobi Deformation Fault Zone. The Chicobi Deformation Fault Zone parallels the prolific Cadillac-Larder (Val d'Or-Malartic [], Bousquet, Kirkland Lake gold camps) and Destor-Porcupine (Timmins, Holloway, Duparquet gold camps) Deformation Zones to the south as well as the Casa Berardi (Aurizon, Joutel gold areas) Deformation Zone to the North.

Next Gen completed a Mobile Metal Ion (MMI™) Geochemistry study on the project in 2010 and it is waiting for the final results.

About the Silver Chalice Project

The Silver Chalice Project is located 345 air miles northwest of Anchorage, and 330 air miles west southwest of Fairbanks, Alaska.

The volcanic caldera which hosts the Silver Chalice Project represents excellent exploration targets with potential to host significant epithermal gold and silver mineralization. Stream sediment samples anomalous in gold and indicator minerals and pan concentrate samples with anomalous gold and mercury strongly support the gold and silver potential of the caldera and adjacent areas. There has been no past lode mining on the project and there are no other active mining claims in the project area. 

On behalf of the Board of Directors

"Harry Barr"

Harry Barr
President & CEO
Next Gen Metals Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Disclaimer: This news release may contain certain "forward-looking statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at or filed with the TSX Venture Exchange. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

SOURCE Next Gen Metals Inc.

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