VALLE ANCHO PROJECTDISTRICT-SCALE COPPER-GOLD EXPLORATION OPPORTUNITY

www.ngexminerals.com

A Lundin Group Company

NO GUTS, NO GLORYTSXV: NGEX

EXPERIENCED AND SUCCESSFUL SOUTH AMERICAN

EXPLORERS

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• Underexplored 100,000 Ha land package

• Argentina side of the MaricungaGold Belt >100Moz on Chile side

• Along the crustal scale Valle Ancho lineament

• Historical drill results• 62 m @1.02 g/t Au

• 84 m @1.15 g/t Au

• 14 m @ 1.15 g/t Au

• No exploration for almost 20 years

• Plentiful groundwater

VALLE ANCHOHIGH POTENTIAL COPPER-GOLD PROJECT

Valle Ancho Block superimposed

Au

Cu

Cu Skarn

VALLE ANCHO

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• District scale land package

• Multiple drill ready targets‒ Oxide gold

‒ Supergene enriched copper

• Well developed oxide profile ~100m

• Extensive regional data set‒ Historical data >$40M spent

‒ Satellite alteration mapping

‒ Airborne geophysics

‒ Field mapping and sampling

*Note these results are historical in nature and have not been verified by NGEX. See News Release dated September 9, 2019 for details

HISTORICAL DRILL RESULTS* TO FOLLOW UP

62m @ 1.02 g/t84m @ 1.15 g/t

ASTER ALTERATION MAP

• Au

• Au

• Cu

AIRBORNE MAGNETIC SURVEYQ1 2020- Interrupted by COVID19

Green completeBlue Pending

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VALLE ANCHOHIGH POTENTIAL COPPER and GOLD TARGETS

Nordin: Oxidized Maricungastyle mineralization

A4: Porphyry Target

Quebrada Porphyry Target, Eocene?

A5: Alteration zone

La Austral: Epithermalsilicified breccias

Vicuñas: Skarn, epithermal Au

Aparejos: Skarn Cu

Interceptor: Porphyry Target

Cu-Au Target

Au-Ag Target

VALLE ANCHO TARGETSMULTIPLE AGES AND STYLES OF MINERALIZATION

14-12 Ma Miocene Gold system

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Unknown age Porphyry Copper

Eocene-Oligocene ~36 Ma Gold Rich Porphyry CopperMiocene ? Maricunga Style Porphyry + Epithermal High sulfidation

Gold

Skarn

Copper-Gold

Copper-Moly Copper-Moly

Quebrada TargetNordin Target

Interceptor Los Aparejos

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NORDIN TARGETMiocene Maricunga-Style Gold Porphyry + Epithermal High Sulfidation Mineralization

K Alunite_Quartz Structure

Banded quartz veinlets

View to NW

• Maricunga-style gold porphyry

• High sulphidation alteration and mineralization overprinted onto porphyry

• Oxidized to between 80m and 100m depth

• Historical drill results

• NZR01: 62 m @1.02 g/T

• NZR12: 84 m @1.15 g/T

• NZR17: 14 m @ 1.15 g/T

Drill intercepts are historical results that have not been independently verified by NGEX Minerals.

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VALLE ANCHO

Gold Rich Porphyry Copper

• Probable Eocene Porphyry Copper mineralization

• Large 2.5 x 0.85 Km zone of hydrothermal alteration exposed in an erosional window

• Mineralization appears to extend under younger cover rocks

• Goethitic leached capping dominant

• Sericitic alteration + D-type Veinlets and potassic core + A and B-type veinlets (700 m by 350 m wide)

LA QUEBRADA TARGET

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INTERCEPTOR TARGETCu-Mo Porphyry

• Outcropping porphyry copper system

• 2km x 0.5 km of hydrothermal alteration

• Sericitic alteration + D-type veins + tourmaline breccias and veinlets

• Jarositic leached capping dominant

• Outcropping area of potassic alteration

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LOS APAREJOS TARGETCu-Au Skarn

-

• In situ Cu Oxide in Prograde Skarn

• Unknown age

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LA AUSTRAL TARGETEpithermal Au-Ag in silicified breccias

-New Area Identified this season

• Up to 7 g/t Au and over 700 ppm Ag

• High sulfidation affinity

ALL WEATHER CAMP

GOOD ACCESS / MODERATE TOPOGRAPHY

NGEX Minerals | VALLE ANCHO SUMMARY| 2020

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Company Head Office

NGEx Minerals Ltd.

Suite 2000 - 885 West Georgia Street

Vancouver, BC

Canada V6C 3E8

Telephone: (604) 689-7842

Fax: (604) 689-4250

Website; www.ngexminerals.com