Next Gen Metals Inc. (CNSX: N) (“Next Gen” or the “Company”) wishes to announce that it has entered into an agreement with Merfin Management Ltd. (“Merfin”), a private company with a former director in common, to settle in full a loan made to the Company in 2008 for working capital.  A total of CDN$55,906.85, consisting of the principal amount of CDN$50,000.00 and CDN$5,906.85 in accrued interest, calculated at 8% per annum to April 27, 2010, will be repaid by the issuance of 372,713 common shares in the capital stock of the Company at a deemed price of $0.15 per common share, subject to regulatory approval.

About Next Gen Metals Inc.

Next Gen Metals Inc. “Next Gen” or the “Company” is a diversified mineral exploration company with a focus on gold, silver and base metals projects in North America. Next Gen is developing the Silver Chalice Property, located in Alaska and the recently acquired Fate Gold Project located in the Abitibi Greenstone Belt of Northwest Québec, one of the most famous gold and base metals regions in the world.

Next Gen is the newest company to join the International Metals Group and is listed on the CNSX under the symbol “N”. The new Board of Directors is comprised in part with directors from the International Metals Group (www.internationalmetalsgroup.com) who, along with the new management group, has a combined 150 years or more of experience in all aspects of managing public companies related to the resource industry.

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.