NexGen Mining Incorporated announced that it has signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp. (“Electrum”) for shares of the Company's common stock. Further, in connection with the extension of the letter of intent, Electrum provided an unsecured loan to the Company to fund operating activities and expenses incurred in connection with the transaction contemplated by the letter of intent. The principal amount of the loan is $100,000, which accrues interest at a rate of 6% per annum, compounding semi-annually, and has a maturity of the earlier of the six month anniversary date of the termination or abandonment of the transaction contemplated by the letter of intent or the second anniversary of
the promissory note evidencing the loan.