NexGen Financial Announces Third Quarter 2013 Results

NexGen Financial Corporation (TSX VENTURE:NFX) ("NexGen" or "the Company") today
announced its unaudited financial results for the quarter ended September 30,
2013.


During Q3 NexGen continued to experience redemptions of fixed income funds
consistent with industry trends. In response, we have launched two new funds in
August, the NexGen Canadian Preferred Share Fund and the NexGen Global Equity
Fund. As of today, these new funds combined have generated over $30 million of
AUM. In addition, the US Dividend Plus Fund launched in January of this year has
crossed $55 million in AUM.


"Management remains focused on growing the Company while managing costs. We
recently completed an operational review which is expected to yield
approximately $400,000 in annual cost savings primarily through headcount
reductions," said Laurie Munro, President and CEO of NexGen.


Q3 2013 Highlights



--  Assets under management(1) ("AUM") decreased 11% to $896.9 million at
    September 30, 2013, from $1007.7 million at September 30, 2012. 
--  Net redemptions were $79.5 million and AUM declined 7% for the third
    quarter of 2013. 
--  Management and administration fee revenues were $3.3 million for the
    third quarter of 2013, a 4.0% decrease from $3.4 million for the third
    quarter of 2012. 
--  Operating EBITDA(2) decreased to $0.25 million ($0.05 per share) for the
    third quarter of 2013, from $0.44 million ($0.09 per share) for the
    third quarter of 2012. 



NexGen reported a net loss of $0.18 million ($0.04 per share) for the three
months ended September 30, 2013, compared with a net loss of $0.06 million
($0.01 per share) for the same period in the prior year.


The Company's complete financial results are available at ir.nexgenfinancial.ca
and www.sedar.com.


Notes:



1.  Assets under management or "AUM" refers to the market value of net
    assets of the investment funds on which management fees are calculated.
    Industry data as reported by the Investment Funds Institute of Canada. 

2.  Operating EBITDA defined by NexGen as earnings before interest, taxes,
    depreciation and amortization, investment income and other non-cash
    expenses. 



Non-GAAP financial measures such as "Assets Under Management" or "AUM", and
"Operating EBITDA" do not have any standardized meaning prescribed by
International Financial Reporting Standards ("IFRS") and may not be comparable
to similar measures presented by other companies. Readers are cautioned that
these non-GAAP measures are not alternatives to measures determined in
accordance with IFRS and should not, on their own, be construed as indicators of
performance, cash flows, or profitability. However, management of NexGen
believes that most shareholders, creditors and other stakeholders prefer to
include the use of these financial measures in analyzing the Company's results.


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.


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 on 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.


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 of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NexGen Financial Corporation
Laurie Munro
President & CEO
416.775.3705
[e-mail]


NexGen Financial Corporation
Abe Goenka
CFO & COO
416.775.3723
[e-mail]