NGEx Minerals — Capital/Financing Update 2024

Feb 23, 2024

NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101 SHORT FORM PROSPECTUS DISTRIBUTIONS (“NI 44-101”)

February 22, 2024

TO: British Columbia Securities Commission, as notice regulator

AND TO: Alberta Securities Commission

AND TO: Autorité des marchés financiers

NGEx Minerals Ltd. (the "Issuer") intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer's intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

NGEX MINERALS LTD.

By: "Jeff Yip" Name: Jeff Yip Title: Chief Financial Officer