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To: Goose94 who wrote (13045)

5/27/2015 8:30:36 AM

From: Goose94

Read Replies (2) | Respond to of 202704

NexGen Energy (NXE-V) May 27, '15 is pleased to report assay results for the third batch of drill holes (angled holes AR-15-39 and -39w1 to -41) from the successful winter 2015 program at the Arrow zone on our 100% owned Rook I property, Athabasca Basin, Saskatchewan. Significant expansion of the high grade cores within A2 and A3 shears have confirmed and exceeded expectations with assay results from angled drill holes AR-15-39, -39w1 (wedged hole), and -41. Angled drill hole AR-15-40b assays have confirmed the presence of high grade uranium at the northeast edge of the Arrow zone, which is approximately 100 m northeast from AR-14-05 (29.0 m at 1.04% U3O8; see news release dated June 2, 2014).

Highlights:

(Note: given that some holes go through both the A2 and A3 shears, they have been split to show the intersections in each shear to assist the reader)

Angled holes

A2 Shear

AR-15-41 assays 57.0 m at 2.31% U3O8 (408.0 to 465.0 m) including 16.5 m at 7.43% U3O8;

AR-15-39 assays 27.0 m at 2.82% U3O8 (622.5 to 649.5 m);

AR-15-39w1 assays 26.0 m at 1.85% U3O8 (627.5 to 653.5 m);

A3 Shear

AR-15-41 assays 20.5 m @ 4.30% U3O8 (739.0 to 759.5 m);

AR-15-39 assays 29.5 m @ 2.27% U3O8 (804.5 to 834.0 m);

Northeast Edge of Arrow

AR-15-40b assays 11.5 m at 0.99% U3O8 (596.0 to 607.5 m);

The Arrow Zone is currently 515 m by 215 m with the vertical extent of mineralization commencing from 100 m and extending down to 920 m, and remains open in all directions;

Preparations are underway for the expanded five rig summer 2015 drill program to start in early- to mid-June.

Garrett Ainsworth, NexGen's Vice-President, Exploration and Development, commented "These latest assays from the A2 and A3 high grade cores are impressive, and will greatly contribute to the growth of Arrow. In addition, drill hole AR-15-40b has shown excellent potential for Arrow to expand in strike length further to the northeast. We are very much looking forward to the summer 2015 drill campaign, where planning has included directional drilling of the A2 and A3 high grade cores, strike length extensions of Arrow, and aggressively testing highly prospective regional targets along the Patterson and Derkson conductor corridors."

Leigh Curyer, Chief Executive Officer commented, "This batch of assays provide further evidence of how the A2 and A3 shears are developing in size and grade. We look forward to the receipt of the remaining assays from the winter 2015 program which includes holes AR-15-42a, 43a, 44b and 45b. The bi-annual technical review of the results of the winter exploration program has been completed and the Company is targeting an initial resource at Arrow before the end of Q4 2015 or Q1 2016."

Table 1: Arrow Zone Drill Hole Data
Drill Hole				Athabasca Group - Basement Unconformity Depth (m)	SRC Geoanalytical Results
Hole ID	Azimuth	Dip	Total Depth (m)	Athabasca Group - Basement Unconformity Depth (m)	From (m)	To (m)	Interval (m)	U3O8 (wt%)
AR-15-39	140	-70	987.00	106.45	433.00	451.50	18.50	0.07
					500.00	500.50	0.50	0.01
					522.00	523.00	1.00	0.02
					587.50	588.00	0.50	0.02
					608.00	613.00	5.00	0.08
					622.50	649.50	27.00	2.82
					681.50	686.50	5.00	0.04
					692.00	692.50	0.50	0.02
					695.50	696.00	0.50	0.05
					745.00	755.50	10.50	0.06
					760.50	762.00	1.50	0.10
					765.00	779.00	14.00	1.12
					788.50	790.50	2.00	1.74
					796.00	798.50	2.50	0.17
					804.50	834.00	29.50	2.27
					842.00	844.50	2.50	0.12
					869.50	870.00	0.50	0.06
AR-15-39w1	143	-70	984.00	n/a	429.50	431.00	1.50	0.02
					435.50	448.50	13.00	0.03
					451.50	457.00	5.50	0.11
					481.00	482.00	1.00	0.01
					537.00	538.00	1.00	0.14
					544.50	545.50	1.00	0.16
					563.00	563.50	0.50	0.01
					573.00	573.50	0.50	0.03
					576.00	576.50	0.50	0.05
					582.00	589.00	7.00	0.08
					606.00	615.00	9.00	0.74
					627.50	653.50	26.00	1.85
					725.00	726.00	1.00	0.06
					753.50	759.00	5.50	0.49
					760.00	761.00	1.00	0.01
					775.00	780.50	5.50	0.09
					783.00	783.50	0.50	5.94
					798.00	801.00	3.00	0.08
					819.00	828.00	9.00	0.97
					830.50	840.00	9.50	0.17
					842.50	850.00	7.50	0.12
					854.50	890.50	36.00	0.72
					917.50	918.00	0.50	0.12
					936.00	937.00	1.00	0.08
					943.00	944.50	1.50	0.58
					950.00	952.50	2.50	0.42
AR-15-40b	140	-70	852.00	99.60	373.00	374.00	1.00	0.03
					557.00	557.50	0.50	0.42
					596.00	607.50	11.50	0.99
					676.50	677.50	1.00	0.02
					682.00	688.50	6.50	0.11
					692.00	695.00	3.00	0.32
AR-15-41	140	-75	885.00	109.70	383.00	405.00	22.00	0.06
					408.00	465.00	57.00	2.31
					480.00	490.00	10.00	0.05
					512.50	515.50	3.00	0.06
					599.50	607.00	7.50	0.06
					609.50	693.50	84.00	0.43
					696.00	704.00	8.00	0.50
					708.00	716.00	8.00	1.41
					727.00	731.00	4.00	1.11
					734.00	736.00	2.00	4.98
					739.00	759.50	20.50	4.30
					762.00	764.50	2.50	1.55
					768.50	773.50	5.00	1.55
					777.00	780.00	3.00	0.31
					796.00	798.00	2.00	2.41
					806.50	812.00	5.50	0.26
					822.50	823.50	1.00	1.06

Composite parameters:

Minimum thickness 0.5 m downhole Cutoff grade 0.01% U3O8 (weight %) Maximum internal dilution 2.00 m downhole U3O8 analyzed by ICP-OES at SRC laboratories, Saskatoon All depths and intervals are meters downhole

Split core samples were taken systematically, and intervals were submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples were analyzed using ICP-MS for trace elements on the partial and total digestions, ICP-OES for major and minor elements on the total digestion, and fusion solution of boron by ICP-OES. Mineralized samples were analyzed for U3O8 by ICP-OES and gold by fire assay.

Option Grant

The Board has approved the granting of 4,825,000 options priced at $0.50 per option, expiring 27 May 2020, vesting a 1/3rd immediately, 1/3rd the first anniversary and the remaining 1/3rd on the second anniversary of the grant to members of the Board, management and employees under the terms and conditions of the Company's option plan.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of basement and unconformity-style uranium deposits in Canada.

NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Discovery, immediately adjacent to the northeast of the Fission/Alpha JV Patterson Lake South Discovery, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of NexGen Energy Ltd., by Garrett Ainsworth, P.Geo., Vice President – Exploration & Development, a qualified person.

Leigh Curyer,
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
lcuryer@nexgenenergy.ca
www.nexgenenergy.ca

SOURCE NexGen Energy Ltd.

Image with caption: "Figure 1: Arrow Zone Drill Hole Locations (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20150527_C6979_PHOTO_EN_17056.jpg

Image with caption: "Figure 2: A2 Mineralized Shear Long Section (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20150527_C6979_PHOTO_EN_17057.jpg

Image with caption: "Figure 3: A3 Mineralized Shear Long Section (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20150527_C6979_PHOTO_EN_17058.jpg

Kin Communications,
Tel: 604 684 6730,
Toll free 1 866 684 6730,
Email: nxe@kincommunications.com ,
Website: nexgenenergy.ca