NGEx Minerals Ltd. reported remaining drill results from hole DPDH010 and full results for holes DPDH011 and DPDH014 from the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina. Lunahuasi drilling continues to intersect long, bonanza-grade mineralized intervals in a zone which remains open in all directions. Drillhole DPDH010 intersected several mineralized intervals: 102.0 metres (?m?) at 4.56% copper equivalent (?CuEq?) from 192.0m, including 62.6m at 5.84% CuEq from 226.0m, including · 9.4m at 12.10% CuEq from 232.0m, plus · 4.2m at 19.70% CuEq from 282.2m, plus 460.9m at 1.09% CuEq from 609.3m (new), including 4.5m at 25.95% CuEq from 609.3m, plus 1.9m at 10.57% CuEq from 764.5m, plus 5.8m at 6.81% CuEq from 834.3m Drill results down to a depth of 355.3m were previously reported on January 8, 2024.

Drillhole DPDH011 intersected 46.0m at 2.06% CuEq from 330.0m, including o 10.0m at 3.42% CuEq from 330.0m. Drillhole DPDH014 intersected several mineralized intervals: o 184.2m at 4.61% CuEq from 166.0m, including 71.9m at 9.63% CuEq from 171.2m, including · 23.0m at 23.02% CuEq from 220.0m, including o 9.4m at 40.12% CuEq from 231.7m, plus o 28.0m at 5.44% CuEq from 533.0m, plus o 10.9m at 4.39% CuEq from 722.4m, plus o 6.4m at 8.82% CuEq from 953.6m. DPDH010 was reported to a depth of 355.3m on January 8, 2024.

The hole was collared on Section 6225N and drilled to the west at an angle of -55 degrees to a total depth of 1,070.2m. The 62.6m intersection from 226.0m is interpreted to be the same structure drilled in holes DPDH002 (212.0m to 272.0m) and DSDH009 (144.0m to 272.3m). Mineralized structures below 288.6m cannot yet be reliably correlated with adjacent holes due to distances between holes and incomplete assay data for adjacent holes.

DPDH011 was collared 80m northeast of DPDH010 on Section 6275N and drilled to the west at an angle of -62 degrees to a total depth of 419m. The hole intersected 3 discrete mineralized structures. DPDH014 was collared 50m east and 50m south of DPDH007 on Section 6225N and drilled to the west at -55 degrees to a total depth of 976.8m, intended to test the down-dip extent of the high-grade zone in DPDH007.

A thick section of high-grade mineralization from 171.2m to 243.0m correlates very well with the zone in DPDH007 and is 90m away from it. Both intersections have high precious metal grades, supporting the interpretation that they represent the same zone. This zone remains open in all directions beyond DPDH014.

From 533m to 960m the hole intersected both stockwork and disseminated mineralization and a series of discrete high-grade structures. Full assay results have now been reported for ten holes at Lunahuasi (including six holes from last season) and drilling is beginning to outline a significant copper, gold and silver deposit. Mineralization has been intersected over: An east/west distance of 750m from DPDH014 at 60.0m to DPDH010 at 1,070.2m; A north/south distance of 180m from DPDH008 at 61.7m to DPDH002 at 648.0m; A vertical distance of 890m from DPDH005 at 32.0m to DPDH005 at 989.0m.

The deposit remains open in all directions beyond these dimensions. Mineralization is remarkably consistent across this volume, typically occurring as mixed coarse-grained pyrite, enargite and lesser covellite, ranging from disseminations through semi-massive and breccia-fill textures to massive sulphide zones up to several metres in core length. There appears to be a transition from discreet high- grade structures separated by unmineralized and propylitically altered wall rock in the east towards higher temperature alteration and stockwork and disseminated mineralization to the west.

This style of mineralization is typified by DPDH010 between 609.3m and 1,070.2m and DPDH014 from 533.0m to 960.0m and is comprised of almost continuous alteration of the host rhyolite and andesite cut by an apparent stockwork of massive sulphide veins ranging from 5cm to 5m thick.