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File: NRG NR 2016 04 18 - PP Announcement v.1.2.docx

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NEWS RELEASE
NRG Metals Announces Additional Flow-through Unit Private Placement
Vancouver, BC / April 18, 2016 / NRG Metals Inc. (TSX.V: NGZ) (OTC Pink: PGOFF) (Frankfurt: OGPN) announces that it wi
--->ll not be proceeding with the additional flow-through units at $0.075 as announced April 15, 2016, however, proposes t
--->o raise up to $320,000 through a non-brokered private placement of up to 4,000,000 flow-through units at a price of $0
--->.08 per flow-through unit, subject to the approval of the TSX Venture Exchange.  Each flow-through unit will consist o
--->f one common share and one transferable non flow-through common share purchase warrant of the Company, with each warra
--->nt exercisable for a period of three years from the closing at a price of $0.11 per share.
Finder's fees may be payable in cash and warrants in accordance with the policies of the TSX Venture Exchange. All sec
--->urities issued in connection with the private placement are subject to a 4-month hold period in Canada.  The private p
--->lacement proceeds will be used to complete initial exploration work at the L.A.B. (Lac Aux Bouleaux) Graphite Project,
---> for continued evaluation of the Groete Gold Copper Project in Guyana, and for general working capital. 
In addition to the above proposed financing, the Company will be proceeding to complete the private placement of $0.05
---> units and $0.075 flow-through units, as announced on April 5 and 6, 2016. 
The Company is evaluating the L.A.B. Graphite Project, located in Quebec, Canada. The Property is situated in a very a
--->ctive graphite exploration and production area, and is adjacent and contiguous to the south of the TIMCAL (Imerys Grap
--->hite & Carbon Mine) Mine, one of only two graphite mines producing in North America. SGS Canada have performed extensi
--->ve metallurgical testing on project samples, returning up to 96.7% C(g) ( see NI 43-101 Technical Report September 8, 
--->2015), indicating the potential to produce a marketable graphite concentrate with simple flotation. The claims are roa
--->d accessed, with water, power and technical support available locally. A recent airborne survey by Prospectair of Queb
--->ec has identified multiple conductor targets. 
In addition the Company holds 100% ownership in the Groete Gold Copper Deposit, located in Guyana, South America. The 
--->project contains a NI 43-101 defined resource as described in a press release dated January 24, 2013. The report furth
--->er details that the Groete Gold Copper Project contains a Inferred Resource of 1.59 M gold equivalent (AuEq) ounces at
---> 0.66 g/t AuEq, which is comprised of 74.8 million tonnes grading 0.49 g/t Au and 0.12% Cu. There is potential to expa
--->nd the resource as it is open in all directions. 
Dr. Arthur Darryl Drummond, P.Eng. who is a member of the Association of Professional Engineers of British Columbia (L
--->ic. # 5778), and a Qualified Person as defined in NI 43-101 has prepared, and supervised the preparation of this press
---> release and approves the technical and scientific disclosure of the press release. For additional information please 
--->visit the company website www.nrgmetalsinc.com.
On Behalf of the Board of Directors 
Adrian Hobkirk, President and CEO T: 714.316.3272 TF: 1.855.894.4524 E: ahobkirk@resourceexploration.com W: www.nrgmet
--->alsinc.com 
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibilit
--->y or liability for the adequacy or accuracy of the contents of this news release.
This news release is not for distribution or dissemination in the United States and accordingly, shall not constitute 
--->an offer of securities in the United States.  The securities that may be issued pursuant to this news release are not 
--->currently qualified by prospectus or registered under the U.S. Securities Act of 1933, as amended (the "Securities Act
--->"), or the laws of any state, and may not be offered or sold in the United States, or to, or for the account or benefi
--->t of United States persons (as defined in Regulation S under the Securities Act) or persons in the United States absen
--->t registration or an applicable exemption from the registration requirements.  The securities are subject to resale re
--->strictions under applicable securities laws.
This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United State
--->s Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, c
--->ertain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon
---> opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and u
--->ncertainties and other factors which could cause actual results to differ materially from those projected in the forwa
--->rd looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transact
--->ion described in this news release is subject to a variety of conditions and risks which include but are not limited t
--->o: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, po
--->litical risk, security risks at the property locations and other risks. As such, the reader is cautioned that there ca
--->n be no guarantee that this transaction will complete as described in this news release. We seek safe harbour.