Mr. Hugh Rogers reports

NEXCEL CLOSES FLOW-THROUGH PRIVATE PLACEMENT

Nexcel Metals Corp. has closed its non-brokered private placement financing of units of the company at a price of 50 cents per FT (flow-through) unit for gross proceeds of $110,000.

Each FT unit consists of one common share of the company and one common share purchase warrant. Each whole FT warrant will entitle the holder thereof to purchase one common share at an exercise price of 75 cents for a period of 24 months from the date of issuance.

Each of the FT shares will qualify as a flow-through share within the meaning of the Income Tax Act (Canada). The gross proceeds from the FT private placement will be used to incur Canadian exploration expenses on the Lac Ducharme property in Quebec, which will qualify as flow-through critical mineral mining expenditures, as those terms are defined in the tax act, and which the company intends to renounce to the subscribers of the FT private placement.

All securities issued in connection with the FT private placement will be subject to a statutory hold period of four months and one day from the closing date.

As consideration for the services rendered by certain finders, the company paid, in aggregate, a cash payment of $7,700 and issued 15,400 non-transferable common share purchase warrants, with each broker warrant exercisable for one common share of the company at a price of 50 cents for a period of 24 months.

About Nexcel Metals Corp.

Nexcel is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on the Lac Ducharme property, located in the province of Quebec.

We seek Safe Harbor.