Next Gen Metals Inc. Announces U.S. Listing Change

TSX.V: N   OTC Pink: NXTTF

VANCOUVER, Aug. 24, 2012 /CNW/ - Next Gen Metals Inc. ("the Company") (TSX.V: N, OTC Pink: NXTTF).  The Company announces that effective today, the Company's common shares have moved to OTC Pink in the U.S. (www.otcmarkets.com) and will trade under the symbol "NXTTF".

The Company's common shares continue to trade in Canada on the TSX Venture Exchange under the symbol "N".

About Next Gen Metals Inc.

Next Gen Metals Inc. is a mineral exploration company with a primary focus on gold, silver and base metals projects in North America.

Gold/Base Metals Exploration

The Company's portfolio features a gold/base metals exploration project in the Abitibi Greenstone Belt, 90 km north of Val d'Or, Quebec called the Fate Project. The Company is also developing the Silver Chalice epithermal gold-silver Project in Alaska.

The Company is aggressively seeking and continues to evaluate advanced stage gold, silver and base metals projects to add to its property portfolio.

Next Gen is the newest member of the International Metals Group (IMG) of companies.

On behalf of the Board of Directors

Harry Barr
President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.. Note:  this release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results and are based on current expectations or beliefs.  For this purpose, statements of historical fact may be deemed to be forward-looking statements.  In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions.  These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.  Investors should not place undue reliance on forward-looking statements.

SOURCE: Next Gen Metals Inc.

Please send requests for further information to:

Ali H.Alizadeh, Vice President Exploration
Next Gen Metals Inc.
Tel:  [phone]
[email protected]