Next Gen Metals Inc. (“Next Gen” or the “Company”) (CNSX: N) announces that, further to its news releases dated December 9 and 30, 2009, the Company has now closed a non-brokered private placement of 350,000 Flow-through Units and 120,000 Non-Flow-Through Units at a price of $0.30 per unit for gross proceeds of $141,000. Each unit consists of one common share in the capital of the Company and one-half of one share purchase warrant; each whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company until December 30, 2010 at a price of $0.45 per share.

All securities issued pursuant to this private placement are subject to a four month hold period expiring May 1, 2010.

The proceeds from the private placement received from the sale of the units will be used for the exploration and development of the Company’s Alaskan Silver Chalice Project (see news release December 7, 2009 ) and for the acquisition and development of projects in Canada.

About Next Gen Metals Inc.

Next Gen Metals Inc. “Next Gen” is a diversified mineral exploration company with a focus on gold, silver and base metals projects in North America. Next Gen is currently developing the Silver Chalice Property (news release December 7, 2009) located in Alaska and the recently acquired Fate Project (news release December 15, 2009) located in the Abitibi Greenstone Belt of Northwest Québec, one of the most famous gold and base metals regions in the world. Next Gen Metals Inc. is the newest company to join the International Metals Group and trades on CNSX Exchange under the symbol N.

About International Metals Group

The International Metals Group (IMG) is an organization of professionals with a wealth of experience in all aspects of the mining industry.

Our group consists of a brain bank of project acquisition, exploration and development professionals, including dedicated CEOs, geologists, engineers, corporate finance, investor relations experts, corporate management, public company administrators, and regulatory and government affairs specialists. The companies within the group are able to share resources, costs and expertise, which provides a significant advantage in comparison to individual public companies.

For further information on the International Metal Group Companies, please visit: 
www.internationalmetalsgroup.com

On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO, Next Gen Metals Inc.

The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Disclaimer: This news release may contain certain "forward-looking statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at www.sedar.com or filed with the Canadian National Stock Exchange. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements. 

Except as required by law, the Company undertakes no obligation to update any forward-looking statements.