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File: NRG NR 2016 05 12 - PP Completion.docx
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NEWS RELEASE
NRG METALS ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Vancouver, BC / May 12, 2016 - NRG Metals Inc. (the "Company") (TSX.V: NGZ) (OTC Pink: PGOFF) (Frankfurt: OGPN) is ple
--->ased to announce that, further to its news release of April 5, 2016, it has completed a non brokered private placement
---> of 5,000,000 units issued at a price of $0.05 per unit, raising gross proceeds of $250,000. Each unit consists of on
--->e common share and one transferable common share purchase warrant of the Company, with each warrant exercisable for a
--->period of three years from the closing date at a price of $0.10 per share.
The proceeds of the private placement will be used for evaluating the L.A.B. Graphite Project located in Quebec, Canad
--->a, and to expand the Groete Gold Copper Deposit located in Guyana, South America, as detailed in the March 3, 2016 new
--->s release and for general working capital. All securities issued pursuant to the private placement are subject to a f
--->our-month hold period.
The material change report filed in connection with the private placement will be filed less than 21 days prior to the
---> closing of the private placement. The shorter period was necessary in order to permit the Company to close the privat
--->e placement in a timeframe consistent with usual market practice for transactions of this nature.
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.
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