NGEx Minerals Ltd. reported the first set of drill results from the current program at the Lunahuasi Project located in the Vicuña District in San Juan Province, Argentina. Highlights: Drillhole DPDH009 intersected 62.0m at 6.98% copper equivalent ("CuEq") from 144.0m, including: 26.1m at 13.36% CuEq from 168.9m. 4.5m at 18.37% CuEq from 171.8m.

6.5m at 26.00% CuEq from 188.5m. The intercepts above are included within a broader interval of 28.3m at 4.01%CuEq from 144.0m. Hole completed to a depth of 582.0m and all assays complete.

Drillhole DPDH010 intersected 62.6m at 5.84% CuEq from 226.0m, including: 9.4m at 12.10% CuEq from 232.0m. 4.2m at 19.70% CuEq from 282.2m. The intercepts above are included within a broader interval of 102.0m at 4.56%CuEq from 192.0m.

Hole was completed to a depth of 1,070.2m and assays to 355.3m are complete with the remainder pending. Drilling is beginning to outline three main mineralized structures which are trending north-northwest and dipping steeply to the west. The two holes reported here are interpreted to have intersected the middle structure, which also includes the discovery intersection of 60.0m at 7.52% CuEq (5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag) from hole DPDH002 drilled in inaugural campaign last year.

Relative to that intersection, the 62.0m interval reported from DPDH009 is 60m above and the 62.6m interval reported from DPDH010 is 87m to the southwest at the same elevation. The mineralized structures are comprised of "ledges" defined by zones of intense silicification, brecciation, stockwork and veins. Copper mineralization occurs primarily in enargite with lesser covellite as breccia fillings, disseminations, veinlets and massive pyrite-enargite veins up to several metres in width.

Gold and silver values are notable throughout, including bonanza grades (e.g. gold up to 21.9 g/t and silver up to 1,490 g/t in hole DPDH009). All three structures remain open along strike in both directions and vertically to depth and to surface and the potential for discovery of parallel mineralized structures is excellent based on completed surface work. Outlook for 2024: Drilling has restarted after a short holiday break with four rigs currently active.

Holes DPDH001 through DPDH008 were completed and reported last season, and the first hole from the current season is DPDH009. A total of 15,000m is planned for the current program with 4,407m drilled to date. Three holes have been completed to date (DPDH009 to 582m, DPDH010 to 1,070m and DPDH011 to 419m) and four holes are currently ongoing (DPDH012 at 704m, DPDH013 at 596m, DPDH014 at 965m and DPDH015 at 71m).

Assays have been received for 921m of the current program with the remainder pending. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.