NexGen Energy Ltd.

TSX VENTURE : NXE


NexGen Energy Ltd.

March 31, 2014 06:30 ET

NexGen Drills Best Hole to Date at Arrow-RK-14-30 Intersects Numerous Zones of Mineralization Totalling 47.2 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2014) -

Highlights

  • Hole RK-14-30 (a 215 meter step out from the Arrow discovery hole RK-14-21) located in the Arrow gravity anomaly intersected the widest and strongest radiometrically anomalous zones encountered to date (numerous zones totalling 47.2 meters, including numerous individual zones totalling 8.3 meters >10,000 cps)

  • Arrow mineralized zone is currently extended to approximately 215m strike length and is open to the south-west

  • Seven of the eight holes drilled at the Arrow discovery have intersected radioactively anomalous zones

  • Fully funded with $15M cash at bank to aggressively drill Arrow and other Rook I targets throughout 2014

NexGen Energy Ltd. (TSX VENTURE:NXE) ("NexGen" or the "Company") is pleased to announce its best hole to date (RK-14-30) at the Arrow Discovery, Rook I, South West Athabasca Basin. Additionally, holes RK-14-28 and -29 which have been completed since the last drilling report press released on 13 March 2014, also intersected uranium mineralization. This takes the total to 7 out of the 8 holes at Arrow having intersected uranium mineralization over a minimum strike length of 215 meters which remains open to the south-west. These holes are the successful completion of NexGen's winter drilling program at the Rook. In total, 17 holes were completed during the winter for 7,442.2 meters (Table 1), completing a grand total of 10,474.4 meters having been drilled at Rook 1 including the 2013 summer program.

The winter program was extremely successful, resulting in the virgin discovery of the Arrow prospect, adding to the uranium mineralization found at Area A in summer 2013, and the radiometric anomalism found at Dagger in early winter 2014.

Andrew Browne, NexGen's Vice-President, Exploration and Development, commented, "The dimensions of the Arrow discovery have now been significantly broadened in only 8 holes (Fig 1 for locations). Detailed petrography and petrophysics are the immediate programs during breakup, and we are looking forward to our summer drilling program to further test the wider Arrow prospect. Additionally, we are greatly motivated to apply what we have discovered at Arrow to other prospects at Rook I."

Leigh Curyer, NexGen's CEO commented, "We are extremely pleased with the discovery of Arrow. Hole RK-14-30 was a massive step out from the discovery hole RK-14-21, which shows the confidence of our technical team's view in the discovery. Arrow is open and we are fully funded with $15M cash in the bank to aggressively drill it and other Rook I prospects throughout 2014."

Hole RK-14-30 was completed at 701.45 m, and intersected the widest and strongest radiometrically anomalous structural zones yet encountered at Arrow (Fig 2 and Table 2). Similar to the other holes at Arrow, the uranium mineralization is located within steep brecciated and veined structurally-disturbed graphitic zones within a quartz-garnet gneiss, with associated haematisation and chloritization, and localized schistose zones (Figs 5 and 6).

NexGen's current understanding of the mineralized system at Arrow is shown on Figure 7. Competency contrasts within the host rock have permitted propagation of widespread uranium-mineralized graphitic shear systems. There is a significant volume untested within the known limits of mineralization, and the total strike extent is still unknown.

At Arrow, significant mineralization has been announced previously in holes RK-14-21 and -27 (see press release of 13 March 2014). The next follow up hole at the northern end of Arrow, RK-14-29, was completed at 569.0 m, approximately a further 30m SW along strike. Similar radiometrically anomalous zones were intersected, being breccias and vein systems in steep structurally-disturbed graphitic zones within dominantly quartz-garnet gneiss (Fig 3 and Table 3).

An understanding of the cause of the gravity low at Arrow has been a priority, and hole RK-14-28 was drilled to 549.0 m to intersect the anomaly, collared approximately 215m SW from that of hole -21. A number of steep structurally-disturbed zones were intersected within the quartz-garnet gneiss host lithologies. Several were radiometrically anomalous (Fig 4 and Table 4), and much of the basement host was haematised and chloritised. Hence a second hole (RK-14-30) was drilled beneath hole 28, along the same direction.

Total barren cover at Arrow is 90-108 m thick, comprising (a) glacial till 50-75 m, (b) Cretaceous black shales 5-33 m, and (3) Athabasca Basin sandstone 6-36 m.

Spectrometer scanning of radiometrically anomalous zones has confirmed that the source is uranium. All mineralized zones at Arrow have been sampled for chemical analysis, and initial results are expected in approximately 6 weeks.

To view Figures 1-4, please visit the following link: http://media3.marketwire.com/docs/936560_F1-4.pdf.

Table 1 Drill holes, Rook 1 winter 2014
Target
Area
DDH UTM E UTM N Dip UTM
Azim
Elevation
(m)
EOH
(m)
Program
Metre
A RK-14-14 601624 6390894 -75 330 539 292.0 292.0
A RK-14-15 601678 6390881 -75 330 538 306.0 598.0
A RK-14-16 601600 6390835 -75 330 538 273.0 871.0
Dagger RK-14-17 604772 6390254 -70 330 525 300.0 1,171.0
A RK-14-18 601665 6390835 -75 330 538 453.0 1,624.0
A RK-14-19 601325 6390815 -75 345 539 267.0 1,891.0
Dagger RK-14-20 604233 6389996 -70 330 541 315.0 2,206.0
Arrow RK-14-21 604563 6393835 -75 148 529 663.0 2,869.0
Dagger RK-14-22 604098 6389599 -70 330 544 348.0 3,217.0
A RK-14-23 602871 6391668 -75 325 542 246.0 3,463.0
Arrow RK-14-24 604583 6393897 -70 130 522 501.0 3,964.0
Arrow RK-14-25 604563 6393835 -60 145 529 528.0 4,492.0
Arrow RK-14-26 604605 6393773 -75 050 533 554.7 5,046.7
Arrow RK-14-27 604525 6393841 -70 140 531 576.0 5,622.7
Arrow RK-14-28 604425 6393665 -70 140 544 549.0 6,171.7
Arrow RK-14-29 604493 6393825 -70 130 535 569.0 6,740.7
Arrow RK-14-30 604378 6393704 -70 140 546 701.5 7,442.2
** All UTM coordinates are in NAD 83, Zone 12
** All depths are in metres
Table 2 Radioactively anomalous* zones in RK-14-30 (gravity target)
DDH From
(m)
To
(m)
Interval
(m
downhole)
Min
cps
**
Max
cps
**
Mineralized
Interval
(m)
RK-14-30 84.15 232.70 148.55 less than
500
RK-14-30 232.70 233.00 0.30 500 700 0.30
RK-14-30 233.00 233.30 0.30 less than
500
RK-14-30 233.30 233.60 0.30 less than
500
600 0.30
RK-14-30 233.60 234.40 0.80 less than
500
RK-14-30 234.40 234.65 0.25 1100 1500 0.25
RK-14-30 234.65 234.75 0.10 less than
500
RK-14-30 234.75 235.00 0.25 less than
500
600 1.15
RK-14-30 235.00 235.60 0.60 1200 2400
RK-14-30 235.60 235.90 0.30 700 1200
RK-14-30 235.90 313.65 77.75 less than
500
RK-14-30 313.65 313.85 0.20 less than
500
500 0.20
RK-14-30 313.85 314.60 0.75 less than
500
RK-14-30 314.60 315.20 0.60 less than
500
500 0.60
RK-14-30 315.20 317.35 2.15 less than
500
RK-14-30 317.35 317.60 0.25 less than
500
600 0.55
RK-14-30 317.60 317.80 0.20 1200 1500
RK-14-30 317.80 317.90 0.10 less than
500
550
RK-14-30 317.90 324.15 6.25 less than
500
RK-14-30 324.15 324.40 0.25 less than
500
500 0.25
RK-14-30 324.40 324.95 0.55 less than
500
RK-14-30 324.95 325.05 0.10 less than
500
550 0.10
RK-14-30 325.05 325.58 0.53 less than
500
RK-14-30 325.58 326.00 0.42 600 1500 0.42
RK-14-30 326.00 326.50 0.50 less than
500
RK-14-30 326.50 327.00 0.50 400 800 0.50
RK-14-30 327.00 332.85 5.85 less than
500
RK-14-30 332.85 333.15 0.30 less than
500
500 0.30
RK-14-30 333.15 335.55 2.40 less than
500
RK-14-30 335.55 335.88 0.33 500 700 1.63
RK-14-30 335.88 336.50 0.62 1200 2100
RK-14-30 336.50 337.00 0.50 600 800
RK-14-30 337.00 337.18 0.18 less than
500
600
RK-14-30 337.18 339.30 2.12 less than
500
RK-14-30 339.30 339.62 0.32 800 1200 0.32
RK-14-30 339.62 341.50 1.88 less than
500
RK-14-30 341.50 341.91 0.41 300 700 0.41
RK-14-30 341.91 365.50 23.59 less than
500
RK-14-30 365.50 366.00 0.50 less than
500
700 1.00
RK-14-30 366.00 366.50 0.50 700 1200
RK-14-30 366.50 366.90 0.40 less than
500
RK-14-30 366.90 367.62 0.72 500 800 0.72
RK-14-30 367.62 367.71 0.09 less than
500
RK-14-30 367.71 367.86 0.15 700 1000 0.15
RK-14-30 367.86 368.12 0.26 less than
500
RK-14-30 368.12 368.40 0.28 500 650 0.28
RK-14-30 368.40 368.63 0.23 less than
500
RK-14-30 368.63 369.00 0.37 550 1100 0.67
RK-14-30 369.00 369.30 0.30 less than
500
600
RK-14-30 369.30 370.40 1.10 less than
500
RK-14-30 370.40 370.55 0.15 1500 2000 0.15
RK-14-30 370.55 376.13 5.58 less than
500
RK-14-30 376.13 376.43 0.30 1000 1500 0.62
RK-14-30 376.43 376.57 0.14 5000 7000
RK-14-30 376.57 376.75 0.18 750 1100
RK-14-30 376.75 389.44 12.69 less than
500
RK-14-30 389.44 389.71 0.27 less than
500
600 0.27
RK-14-30 389.71 399.27 9.56 less than
500
RK-14-30 399.27 399.40 0.13 less than
500
600 0.13
RK-14-30 399.40 461.00 61.60 less than
500
RK-14-30 461.00 461.61 0.61 less than
500
600 0.61
RK-14-30 461.61 464.70 3.09 less than
500
RK-14-30 464.70 465.20 0.50 700 1200 0.50
RK-14-30 465.20 465.37 0.17 less than
500
RK-14-30 465.37 465.64 0.27 500 700 0.27
RK-14-30 465.64 466.31 0.67 less than
500
RK-14-30 466.31 466.48 0.17 less than
500
500 0.17
RK-14-30 466.48 466.89 0.41 less than
500
RK-14-30 466.89 468.15 1.26 less than
500
800 1.26
RK-14-30 468.15 468.26 0.11 less than
500
RK-14-30 468.26 468.56 0.30 900 1400 0.30
RK-14-30 468.56 468.85 0.29 less than
500
RK-14-30 468.85 469.21 0.36 700 1300 2.15
RK-14-30 469.21 469.80 0.59 900 1700
RK-14-30 469.80 470.00 0.20 less than
500
600
RK-14-30 470.00 470.63 0.63 1200 1700
RK-14-30 470.63 471.00 0.37 500 800
RK-14-30 471.00 475.45 4.45 less than
500
RK-14-30 475.45 475.86 0.41 less than
500
500 1.82
RK-14-30 475.86 476.28 0.42 3000 5000
RK-14-30 476.28 476.46 0.18 greater
than
10,000
greater
than
10,000
RK-14-30 476.46 476.65 0.19 700 1000
RK-14-30 476.65 476.82 0.17 10000 greater
than
10,000
RK-14-30 476.82 476.90 0.08 700 1000
RK-14-30 476.90 477.09 0.19 greater
than
10,000
greater
than
10,000
RK-14-30 477.09 477.14 0.05 1000 1700
RK-14-30 477.14 477.27 0.13 greater
than
10,000
greater
than
10,000
RK-14-30 477.27 477.46 0.19 less than
500
RK-14-30 477.46 477.64 0.18 greater
than
10,000
greater
than
10,000
3.54
RK-14-30 477.64 477.78 0.14 7000 greater
than
10,000
RK-14-30 477.78 478.13 0.35 3000 5500
RK-14-30 478.13 478.28 0.15 1900 2100
RK-14-30 478.28 478.39 0.11 5000 7000
RK-14-30 478.39 478.48 0.09 1100 1300
RK-14-30 478.48 478.61 0.13 greater
than
10,000
greater
than
10,000
RK-14-30 478.61 478.80 0.19 greater
than
10,000
greater
than
10,000
RK-14-30 478.80 478.87 0.07 1300 1500
RK-14-30 478.87 479.00 0.13 3000 5000
RK-14-30 479.00 479.38 0.38 1200 2400
RK-14-30 479.38 480.00 0.62 less than
500
750
RK-14-30 480.00 480.48 0.48 800 1700
RK-14-30 480.48 480.67 0.19 greater
than
10,000
greater
than
10,000
RK-14-30 480.67 480.88 0.21 7000 8600
RK-14-30 480.88 481.00 0.12 less than
500
500
RK-14-30 481.00 489.00 8.00 less than
500
RK-14-30 489.00 489.31 0.31 7000 9500 0.72
RK-14-30 489.31 489.56 0.25 1100 1800
RK-14-30 489.56 489.72 0.16 2500 4000
RK-14-30 489.72 490.00 0.28 less than
500
RK-14-30 490.00 490.51 0.51 7000 greater
than
10,000
0.51
RK-14-30 490.51 491.40 0.89 less than
500
RK-14-30 491.40 491.54 0.14 2000 4000 0.14
RK-14-30 491.54 495.90 4.36 less than
500
RK-14-30 495.90 496.56 0.66 greater
than
10,000
greater
than
10,000
0.66
RK-14-30 496.56 508.93 12.37 less than
500
RK-14-30 508.93 509.45 0.52 less than
500
700 0.52
RK-14-30 509.45 509.63 0.18 less than
500
RK-14-30 509.63 509.83 0.20 less than
500
500 1.60
RK-14-30 509.83 510.00 0.17 1200 1700
RK-14-30 510.00 510.25 0.25 greater
than
10,000
greater
than
10,000
RK-14-30 510.25 510.50 0.25 greater
than
10,000
greater
than
10,000
RK-14-30 510.50 510.80 0.30 1000 2000
RK-14-30 510.80 511.14 0.34 5000 greater
than
10,000
RK-14-30 511.14 511.23 0.09 1000 2000
RK-14-30 511.23 511.51 0.28 less than
500
RK-14-30 511.51 511.75 0.24 500 700 0.24
RK-14-30 511.75 512.76 1.01 less than
500
RK-14-30 512.76 512.90 0.14 greater
than
10,000
greater
than
10,000
2.76
RK-14-30 512.90 513.30 0.40 2000 3500
RK-14-30 513.30 513.42 0.12 1000 2000
RK-14-30 513.42 513.79 0.37 greater
than
10,000
greater
than
10,000
RK-14-30 513.79 514.11 0.32 7000 greater
than
10,000
RK-14-30 514.11 514.40 0.29 greater
than
10,000
greater
than
10,000
RK-14-30 514.40 514.60 0.20 500 700
RK-14-30 514.60 514.84 0.24 3500 7000
RK-14-30 514.84 515.05 0.21 greater
than
10,000
greater
than
10,000
RK-14-30 515.05 515.20 0.15 5000 10,000
RK-14-30 515.20 515.39 0.19 greater
than
10,000
greater
than
10,000
RK-14-30 515.39 515.52 0.13 1000 1700
RK-14-30 515.52 516.76 1.24 less than
500
RK-14-30 516.76 517.10 0.34 less than
500
650 0.34
RK-14-30 517.10 529.57 12.47 less than
500
RK-14-30 529.57 529.66 0.09 1000 2500 0.39
RK-14-30 529.66 529.96 0.30 4000 7000
RK-14-30 529.96 531.00 1.04 less than
500
RK-14-30 531.00 531.33 0.33 8000 greater
than
10,000
0.47
RK-14-30 531.33 531.47 0.14 500 700
RK-14-30 531.47 531.89 0.42 less than
500
RK-14-30 531.89 531.96 0.07 1000 1500 0.33
RK-14-30 531.96 532.22 0.26 2000 3600
RK-14-30 532.22 532.59 0.37 less than
500
RK-14-30 532.59 532.85 0.26 1500 2500 0.26
RK-14-30 532.85 533.54 0.69 less than
500
RK-14-30 533.54 533.68 0.14 500 600 1.46
RK-14-30 533.68 534.00 0.32 700 1200
RK-14-30 534.00 534.50 0.50 5000 7000
RK-14-30 534.50 535.00 0.50 900 1200
RK-14-30 535.00 535.45 0.45 less than
500
RK-14-30 535.45 535.82 0.37 7000 9000 0.37
RK-14-30 535.82 536.68 0.86 less than
500
RK-14-30 536.68 537.00 0.32 700 1500 0.77
RK-14-30 537.00 537.37 0.37 greater
than
10,000
greater
than
10,000
RK-14-30 537.37 537.45 0.08 1000 1200
RK-14-30 537.45 542.28 4.83 less than
500
RK-14-30 542.28 542.51 0.23 500 700 0.23
RK-14-30 542.51 543.00 0.49 less than
500
RK-14-30 543.00 543.07 0.07 1100 1500 0.31
RK-14-30 543.07 543.31 0.24 8000 10,000
RK-14-30 543.31 544.36 1.05 less than
500
RK-14-30 544.36 544.80 0.44 700 1200 0.44
RK-14-30 544.80 549.57 4.77 less than
500
RK-14-30 549.57 550.00 0.43 800 1200 4.43
RK-14-30 550.00 550.31 0.31 8000 greater
than
10,000
RK-14-30 550.31 551.00 0.69 less than
500
500
RK-14-30 551.00 552.38 1.38 800 1500
RK-14-30 552.38 552.96 0.58 1500 3500
RK-14-30 552.96 553.36 0.40 1500 2700
RK-14-30 553.36 553.80 0.44 900 1500
RK-14-30 553.80 554.00 0.20 500 700
RK-14-30 554.00 557.00 3.00 less than
500
RK-14-30 557.00 557.52 0.52 600 1300 0.52
RK-14-30 557.52 561.27 3.75 less than
500
RK-14-30 561.27 561.75 0.48 less than
500
600 0.73
RK-14-30 561.75 562.00 0.25 2500 3000
RK-14-30 562.00 563.53 1.53 less than
500
RK-14-30 563.53 563.93 0.40 600 1300 0.40
RK-14-30 563.93 571.14 7.21 less than
500
RK-14-30 571.14 571.50 0.36 7000 10,000 0.44
RK-14-30 571.50 571.58 0.08 2000 3000
RK-14-30 571.58 571.84 0.26 less than
500
RK-14-30 571.84 572.11 0.27 greater
than
10,000
greater
than
10,000
0.27
RK-14-30 572.11 573.43 1.32 less than
500
RK-14-30 573.43 573.64 0.21 less than
500
600 0.21
RK-14-30 573.64 575.75 2.11 less than
500
RK-14-30 575.75 576.00 0.25 4000 6000 2.31
RK-14-30 576.00 576.20 0.20 700 1500
RK-14-30 576.20 576.27 0.07 1500 4000
RK-14-30 576.27 576.47 0.20 500 800
RK-14-30 576.47 576.56 0.09 1000 3000
RK-14-30 576.56 576.63 0.07 greater
than
10,000
greater
than
10,000
RK-14-30 576.63 576.90 0.27 4000 8000
RK-14-30 576.90 576.97 0.07 8000 10,000
RK-14-30 576.97 577.27 0.30 3000 7000
RK-14-30 577.27 577.37 0.10 greater
than
10,000
greater
than
10,000
RK-14-30 577.37 577.63 0.26 greater
than
10,000
greater
than
10,000
RK-14-30 577.63 577.83 0.20 7000 9000
RK-14-30 577.83 578.06 0.23 greater
than
10,000
greater
than
10,000
RK-14-30 578.06 578.16 0.10 less than
500
RK-14-30 578.16 578.41 0.25 500 700 0.71
RK-14-30 578.41 578.71 0.30 2000 4000
RK-14-30 578.71 578.87 0.16 greater
than
10,000
greater
than
10,000
RK-14-30 578.87 596.20 17.33 less than
500
RK-14-30 596.20 596.31 0.11 1000 1500 0.11
RK-14-30 596.31 596.60 0.29 <500
RK-14-30 596.60 596.71 0.11 900 1200 0.11
RK-14-30 596.71 617.36 20.65 less than
500
RK-14-30 617.36 617.58 0.22 1200 1700 0.22
RK-14-30 617.58 621.21 3.63 less than
500
RK-14-30 621.21 622.00 0.79 500 800 0.79
RK-14-30 622.00 635.00 13.00 less than
500
RK-14-30 635.00 635.35 0.35 7000 10,000 0.78
RK-14-30 635.35 635.52 0.17 3000 6000
RK-14-30 635.52 635.78 0.26 2000 3000
RK-14-30 635.78 654.52 18.74 less than
500
RK-14-30 654.52 654.87 0.35 3500 4500 0.56
RK-14-30 654.87 655.08 0.21 700 1000
RK-14-30 655.08 658.56 3.48 less than
500
RK-14-30 658.56 658.73 0.17 1200 1400 0.17
RK-14-30 658.73 701.45 42.72 less than
500
* "Anomalous" means min 5cm at greater than 500 cps (counts per second)
** Total count gamma readings by gamma spectrometer type RS-125
Table 3 Radioactively anomalous* zones in RK-14-29
DDH From
(m)
To
(m)
Interval
(m
downhole)
Min
cps
**
Max
cps
**
Anomalous
*
Interval
(m)
RK-14-29 50.60 120.60 70.00 less than
500
RK-14-29 120.60 120.70 0.10 400 1000 0.20
RK-14-29 120.70 120.80 0.10 1500 2000
RK-14-29 120.80 201.00 80.20 less than
500
RK-14-29 201.00 201.30 0.30 less than
500
550 0.30
RK-14-29 201.30 201.80 0.50 less than
500
RK-14-29 201.80 202.10 0.30 500 650 0.50
RK-14-29 202.10 202.30 0.20 800 1500
RK-14-29 202.30 225.50 23.20 less than
500
RK-14-29 225.50 225.60 0.10 less than
500
520 0.10
RK-14-29 225.60 308.30 82.70 less than
500
RK-14-29 308.30 308.70 0.40 less than
500
800 0.40
RK-14-29 308.70 331.40 22.70 less than
500
RK-14-29 331.40 332.00 0.60 less than
500
500 0.60
RK-14-29 332.00 335.50 3.50 less than
500
RK-14-29 335.50 335.70 0.20 less than
500
700 0.65
RK-14-29 335.70 335.90 0.20 700 1100
RK-14-29 335.90 336.15 0.25 less than
500
700
RK-14-29 336.15 338.50 2.35 less than
500
RK-14-29 338.50 338.65 0.15 less than
500
600 1.30
RK-14-29 338.65 339.00 0.35 600 1000
RK-14-29 339.00 339.30 0.30 1500 2000
RK-14-29 339.30 339.50 0.20 600 1000
RK-14-29 339.50 339.80 0.30 less than
500
600
RK-14-29 339.80 348.10 8.30 less than
500
RK-14-29 348.10 348.50 0.40 600 1200 0.40
RK-14-29 348.50 348.70 0.20 less than
500
RK-14-29 348.70 348.80 0.10 less than
500
1200 1.10
RK-14-29 348.80 349.80 1.00 less than
500
600
RK-14-29 349.80 350.10 0.30 less than
500
RK-14-29 350.10 350.30 0.20 1500 2000 1.00
RK-14-29 350.30 351.00 0.70 2000 3000
RK-14-29 351.00 351.10 0.10 500 1000
RK-14-29 351.10 357.60 6.50 less than
500
RK-14-29 357.60 357.75 0.15 less than
500
500 0.15
RK-14-29 357.75 457.80 100.05 less than
500
RK-14-29 457.80 458.15 0.35 less than
500
500 0.35
RK-14-29 458.15 469.30 11.15 less than
500
RK-14-29 469.30 469.75 0.45 1500 2000 0.95
RK-14-29 469.75 470.25 0.50 2500 5000
RK-14-29 470.25 569.00 98.75 less than
500
* "Anomalous" means min 5cm at greater than 500 cps (counts per second)
** Total count gamma readings by gamma spectrometer type RS-125
Table 4 Radioactively anomalous* zones in RK-14-28 (gravity target)
DDH From
(m)
To
(m)
Interval
(m
downhole)
Min
cps
**
Max
cps
**
Mineralized
Interval
(m)
RK-14-28 87.00 451.50 364.50 less than
500
RK-14-28 340.20 341.00 0.80 150 450
RK-14-28 451.50 451.90 0.40 500 1200 0.4
RK-14-28 451.90 452.00 0.10 less than
500
RK-14-28 452.00 452.20 0.20 500 700 0.4
RK-14-28 452.20 452.40 0.20 less than
500
500
RK-14-28 452.40 549.00 96.60 less than
500
* "Anomalous" means min 5cm at greater than 500 cps (counts per second)
** Total count gamma readings by gamma spectrometer type RS-125

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc RS-125 gamma-ray spectrometer, and a Mt Sopris 2PGA-1000 natural gamma probe. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals. All intersections are downhole. Core interval measurements and true thicknesses are yet to be determined.

To view Figures 5-7, please visit the following link: http://media3.marketwire.com/docs/936560_F5-7.pdf.

Qualified Person

Andrew Browne, FAusIMM (CP), NexGen's Vice President, Exploration & Development, is a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has reviewed and approved the contents of this news release.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of unconformity-style uranium deposits in Canada.

NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook 1, location of the Arrow Discovery, immediately adjacent to the north east of Patterson Lake South, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit.

Leigh Curyer, Chief Executive Officer

NexGen Energy Ltd.

The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, but not always, forward looking information is identifiable by the use of words such as "will" and "planned" and similar expressions. Forward-looking information is based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Such information is not a guarantee of future performance and undue reliance should not be placed on forward-looking information. Assumptions and factors underlying the Company's expectations regarding forward-looking information contained herein include, among others: that general business and economic conditions will not change in a material adverse manner; that financing will be available if and when needed on reasonable terms; that the Company's current exploration activities can be achieved and that its other corporate activities will proceed as expected; that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner.

Although the assumptions made by the Company in providing forward-looking information are considered reasonable by management at the time the forward-looking information is given, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information, including, among others: risks related to the availability of financing on commercially reasonable terms and the expected use of the proceeds; changes in the market; potential downturns in economic conditions; industry conditions; actual results of exploration activities being different than anticipated; changes in exploration programs based upon results of exploration; future prices of metal; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks; changes in laws and regulations; community relations; and delays in obtaining governmental or other approvals or financing. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. NexGen undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

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