March 24, 2011 - Vancouver, Canada. Next Gen Metals Inc. (TSX.V:N) ("Next Gen" or the "Company") announces that further to the news release dated March 1, 2011 announcing a non-brokered private placement of up to 1,666,666 flow-through units ("FT Units") and up to 4,000,000 non flow-through units ("NFT Units") for gross proceeds of up to $1,500,000, the private placement has been oversubscribed. The private placement has been increased to up to 2,166,667 FT Units and up to 6,200,000 NFT Units for gross proceeds of up to $2,200,000 under the same terms and conditions as set out in the March 1, 2011 press release. The proceeds of this private placement will be used to continue the development of our existing projects, acquire new silver, gold or base metal projects on an international scale and general working capital. A Finder's fees may be payable.

The private placement and finder's fees are subject to regulatory approval.

About Next Gen Metals Inc.

Next Gen is a mineral exploration company whose current focus is on gold, silver and base metals projects in North America. The Company is presently developing the Silver Chalice Property, located in Alaska, and the Fate Gold Project located in the Abitibi Greenstone Belt of Northwest Québec, which is one of the most famous gold and base metals regions in the world. In addition, the Company is aggressively negotiating for additional advanced-stage silver, gold and base metal projects on an international scale.

Next Gen is the newest company to join the International Metals Group. The Board of Directors is comprised in part with directors from the International Metals Group ("IMG") (www.internationalmetalsgroup.com) who, along with management, have 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.

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.

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