NGEx Announces 141.2 Metres of 0.38% Cu and 0.53 g/t Au From GJ Copper-Gold Project, British Columbia

NGEx Resources Inc. (TSX:NGQ) ("NGEx" or the "Company") is pleased to announce
that it has received the results from the 2011 exploration program at the
Company's 100% owned GJ copper-gold project located in northern British
Columbia, Canada. GJ is currently under option to Teck Resources Limited
("Teck"). The results reported herein are from drill holes GJK-11-219 to
GJK-11-228. Highlights include: GJK-11-219 with 141.21 metres of 0.38% Cu and
0.53 g/t Au plus 5.35 metres of 6.82 g/t Au; GJK-11-226 with 9.60 metres of
0.15% Cu and 6.64 g/t Au and GJK-11-228 with 29.15 metres of 0.18% Cu and 0.39
g/t Au (please see attached map: http://media3.marketwire.com/docs/ngq1.pdf).
The objective of this year's program was to better define higher-grade
mineralization suggested by historical drilling at depth below the Donnelly
Zone, while continuing exploration across the property at the Wolf and Seestor
targets. The drill holes released today confirm and extend the Donnelly Zone and
identify a new zone of previously untested mineralization at the Wolf target.


This year's exploration program took place between June and October, and
included 10 diamond drill holes comprising a total of 4,307 metres of drilling
and ground geophysics including 50 line kilometres of ground magnetics
concentrated on the Donnelly and GJ Zones and a new area on the sides of the
Wolf Plateau. The same areas were also covered with 76.6 line kilometres of
Induced Polarization geophysics ("IP"). Primary goals included drill testing
possible extensions of the Donnelly Zone which includes the current Measured and
Indicated Resource of 153.3 million tonnes grading 0.32% copper and 0.37 g/t
gold(i) (see news release dated October 7, 2008). Additional holes were designed
to test exploration targets outside the Donnelly Zone. Three drill holes in the
previously undrilled Wolf Zone (GJK-11-220, -221, and -222) confirm the presence
of a potential porphyry system. The 3 drill holes in the Wolf area identified
vectors in hydrothermal alteration directed towards the North and to depth.


Comprehensive data compilation, including integration of 2011 mapping,
geophysics and historical geochemical data from the Donnelly, GJ, Wolf, QC, Horn
and Seestor targets, will be completed during the winter in preparation for the
2012 field season.


The 2011 exploration program was 100% funded by Teck under an option agreement
signed in August, 2010 whereby Teck has the right to earn an initial 51%
interest by spending $12,000,000 by December 31, 2014 and up to a 75% interest
by spending an aggregate of $44,000,000 by December 31, 2020.


Intervals for the holes reported today are summarized in the table below: (true
widths for the reported intervals are unknown).




Table 1: Significant mineralized DDH intercepts from the 2011 GJ drill
         program
---------------------------------------------------------------------------
                                        Interval                           
                                     --------------                        
                                       From      To  Length      Cu      Au
Hole ID       Zone                       (m)     (m)     (m)     (%)   (g/t)
---------------------------------------------------------------------------
GJK-11-219    Donnelly               506.08  647.29  141.21    0.38    0.53
---------------------------------------------------------------------------
                                and  659.29  664.64    5.35    0.06    6.82
---------------------------------------------------------------------------
GJK-11-220    Wolf                   151.40  158.35    6.95    0.30    0.29
---------------------------------------------------------------------------
                                and  249.50  258.54    9.04    0.42    0.16
---------------------------------------------------------------------------
GJK-11-221    Wolf                 No significant intervals                
---------------------------------------------------------------------------
GJK-11-222    Wolf                 No significant intervals                
---------------------------------------------------------------------------
GJK-11-223    GJ                     226.85  406.80  179.95    0.12    0.21
---------------------------------------------------------------------------
                           Includes  359.50  386.95   27.45    0.22    0.43
---------------------------------------------------------------------------
GJK-11-224    West GJ              No significant intervals                
---------------------------------------------------------------------------
GJK-11-225    East Donnelly        Assays Pending                          
---------------------------------------------------------------------------
GJK-11-226    Donnelly               350.40  360.00    9.60    0.15    6.64
---------------------------------------------------------------------------
                           Includes  350.40  351.95    1.55    0.29   25.50
---------------------------------------------------------------------------
                                and  508.80  582.12   73.32    0.15    0.19
---------------------------------------------------------------------------
GJK-11-227    North of Donnelly    No significant intervals                
---------------------------------------------------------------------------
GJK-11-228    North                  312.45  341.60   29.15    0.18    0.39
---------------------------------------------------------------------------
                                and  371.60  387.50   15.90    0.18    0.11
---------------------------------------------------------------------------
                                and  413.45  437.75   24.30    0.18    0.25
---------------------------------------------------------------------------



QAQC

The drill core was logged, sawed, and half cores were sampled in their entirety
in two meter intervals or intervals corresponding to geologic breaks determined
by Teck personnel and contractors at the GJ site. Samples were shipped to Acme
Labs in Smithers for sample preparation. The sample pulps were analyzed by
standard industry assay methods, at Acme Labs in Vancouver. Copper and gold
standards, as well as blanks and duplicates (field, preparation and analysis)
were randomly inserted into the sampling sequence for Quality Control.


Mr. Bob Carmichael, Bachelor of Applied Science (B.A.Sc.) degree from UBC, and a
registered Professional Engineer (P.Eng.) with the Association of Professional
Engineers and Geoscientists of BC (APEGBC), is the Qualified Person as defined
by National Instrument 43-101. Mr. Carmichael is Vice President, Exploration for
the Company and has reviewed and approved the technical information contained in
this news release.


(i) Please see technical report entitled Technical Report on the GJ Copper-Gold
Porphyry Project dated April 30, 2007 available on www.sedar.com or the
Company's website.


Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, concerning the business, operations
and financial performance and condition of NGEx Resources Inc. Forward-looking
statements include, but are not limited to, statements with respect to the
estimation of commodity prices, mineral reserves and resources, the realization
of mineral reserve estimates, capital expenditures, costs and timing of the
development of new deposits, the success of exploration activities, permitting
time lines, currency exchange rate fluctuations, requirements for additional
capital, government regulation of mining activities, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on
insurance coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotations thereof. All such forward-looking
statements are based on the opinions and estimates of the relevant management as
of the date such statements are made and are subject to important risk factors
and uncertainties, many of which are beyond the Company's ability to control or
predict.


Forward-looking statements are necessarily based on estimates and assumptions
that are inherently subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or
implied by such forward-looking statements, including but not limited to: risks
and uncertainties relating to, among other things, changes in commodity prices,
currency fluctuation, financing, unanticipated reserve and resource grades,
infrastructure, results of exploration activities, cost overruns, availability
of materials and equipment, timeliness of government approvals, taxation,
political risk and related economic risk and unanticipated environmental impact
on operations as well as other risks and uncertainties described under "Risks
Factors" in the Company's Annual Information Form available under the Company's
profile at www.sedar.com and the Company's website.


Although the Company has attempted to identify important factors that would
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated, or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. All of the
forward-looking statements contained in this document are qualified by these
cautionary statements. Readers should not place undue reliance on
forward-looking statements. Forward-looking statements are provided for the
purpose of providing information about management's current expectations and
plans and allowing investors and other to get a better understanding of the
Company's operating environment. The Company expressly disclaims any intention
or obligation to update or revise any forward-looking statements whether as a
result of new information, events or otherwise, except in accordance with
applicable securities laws.


Disclosure of Mineral Reserves and Mineral Resources

Information concerning the properties and operations of NGEx Resources Inc. has
been prepared in accordance with Canadian standards under applicable Canadian
securities laws, National Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101") of the Canadian Securities Administrators requires that
each category of mineral reserves and mineral resources be reported separately.
You should refer to the annual information form of NGEx Resources Inc. for the
year ended December 31, 2010 and other continuous disclosure documents filed by
the Company since January 1, 2011 available at www.sedar.com, for this detailed
information, which is subject to the qualifications and notes set forth therein.


On behalf of the board

Wojtek Wodzicki, President and CEO