Fate Gold/Base Metals ProjectSilver Chalice epithermal gold/silver project

• 83 claims for approximately 10,000 acres (4,000 hectares), Val d’Or Area, Québec
• Staking activity based on recent news from Alto Ventures/Pacific North West Capital’s high grade Destiny gold project and announcements from Maudore Minerals Comtois Project
• Québec rated #1 mining jurisdiction in the world by Fraser Institute

The Fate project is located in the Abitibi Greenstone Belt of Northwest Québec, one of the most famous gold and base metals regions in the world. Portions of the area surrounding the Fate project have thicker over burden and Management believes it has hindered exploration efforts.

Silver Chalice epithermal gold/silver project

Company has reached an agreement with the privately owned Alaska Corporation to acquire a 100% interest in the Silver Chalice epithermal gold/silver project consisting of 31 State of Alaska mining claims for 4,960 acres, located in west-central Alaska approximately 345 miles northwest of Anchorage and 330 miles west southwest of Fairbanks. The Tertiary volcanic caldera which hosts the Silver Chalice project represents an excellent exploration target with potential to host significant epithermal gold and silver mineralization. Stream sediment samples anomalous in gold and indicator minerals and pan concentrate samples with anomalous gold and mercury strongly support the gold and silver potential of the caldera and adjacent areas. There has been no past lode mining on the project and there are no other active mining claims in the project.

Under the terms of the acquisition agreement, Next Gen Metals Inc. can earn a 100% interest in the property over a two-year period as follows: 500,000 shares after Board and Exchange approval, US$5,000 on Board and Exchange approval, US$20,000 on the first anniversary, US$25,000 on the second anniversary, 100,000 shares upon transfer of the property to a third party and 300,000 warrants exercisable at CDN$0.30 for a period of two years. As well, the company must expend $24,800 by December 31st, 2009 and $12,400 in exploration and development over the ensuing two years. There is a 1.5% NSR royalty which the company may re-purchase 1.0% for a cash payment of US$1.0 million.

Next Gen Metals Inc. belongs to the International Metals Group. Here are our other great companies.