December 30, 2009 - Vancouver, Canada – Next Gen Metals Inc.  (“Next Gen” or the “Company”)(CNSX: N) is pleased to announce that, further to its news release dated December 9, 2009, the Company has now completed the first tranche of its non-brokered private placement by placing 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 will consist of one common share in the capital of the Company and one-half of one share purchase warrant; each whole share purchase warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of 12 months from the closing date 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 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 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.