NexGen Financial Corporation ("NexGen" or "the Company") (TSX VENTURE:NFX) today
announced its unaudited financial results for the quarter ended March 31, 2014.


NexGen continues to execute on its business plan by broadening our family of
funds with the planned June launch of two new equity strategies. The NexGen US
Growth Fund will be sub-advised by JPMorgan Asset Management Inc., and the
NexGen Intrinsic Growth Fund, sub-advised by Galibier Capital Management Ltd.,
of Toronto. While overall AUM(1) has felt the negative effects of the general
rotation out of Fixed Income funds, we continue to see growing awareness and
acceptance in the market place of our balanced and equity fund offerings.


"New funds have contributed significantly to our AUM. NexGen launched 3 funds in
2013 which have now grown to a combined AUM of $167 million. We have made
signficant progress deepening our investment management capabilities and are
very pleased to welcome JPMorgan Asset Management Inc. and Galibier Capital
Management Ltd. as sub-advisors to the NexGen Funds," said Jeff Young Co-CEO of
NexGen.


NexGen is pleased to announce that Ms. Heather Hunter, one of Canada's most
highly regarded fund managers, has joined the Company's Board of Directors. Ms
Hunter has nearly 40 years of experience in the investment management industry
including leading roles at Invesco Canada Ltd. and Ontario Teachers' Pension
Plan Board. "Ms Hunter brings a tremendous amount of industry experience which
will be of great benefit to our business" said Geoff Matus, Chair of the NexGen
Board of Directors.


Q1 2014 Highlights



--  Equity and Balanced fund AUM increased by 34% to $493 million as of
    March 31, 2014, from $368 million as of March 31, 2013 
--  Fixed Income fund AUM decreased by 41% to $390 million as of March 31,
    2014, from $660 million as of March 31, 2013 
--  AUM increased 0.6% during the quarter as a result of market appreciation
--  Net redemptions for the first quarter of 2014 were $25.7 million
    declining from $38.9 million in the fourth quarter of 2013 
--  Operating EBITDA(2) decreased to a negative $0.06 million ($0.01 per
    share) for the first quarter of 2014, from a positive $0.30 million
    ($0.06 per share) for the first quarter of 2013



NexGen reported a net loss of $0.37 million ($0.08 loss per share) for the three
months ended March 31, 2014, compared with a net loss of $0.19 million ($0.04
loss per share) for the same period in the prior year.


The Company's complete financial results are available at ir.nexgenfinancial.ca
and www.sedar.com.


Notes:



(1) Assets under management or "AUM" refers to the market value of net      
assets of the investment funds on which management fees are calculated.     
                                                                            
(2) Operating EBITDA defined by NexGen as earnings before interest, taxes,  
depreciation and amortization, investment income and other non-cash         
expenses.                                                                   



Non-GAAP financial measures such as "Assets Under Management" or "AUM", and
"Operating EBITDA" do not have any standardized meaning prescribed by
International Financial Reporting


Standards ("IFRS") and may not be comparable to similar measures presented by
other companies. Readers are cautioned that these non-GAAP measures are not
alternatives to measures determined in accordance with IFRS and should not, on
their own, be construed as indicators of performance, cash flows, or
profitability. However, management of NexGen believes that most shareholders,
creditors and other stakeholders prefer to include the use of these financial
measures in analyzing the Company's results.


About NexGen Financial

NexGen Financial Corporation is a mutual fund company and was founded to develop
value added investment solutions for financial advisors and their clients. The
firm is focused on the creation of innovative investment products and services
that meet the needs of Canadians seeking more tax efficient investment
opportunities and greater control over the tax treatment of their investments.
Managed by strong investment professionals, NexGen's unique Registered and
Tax-Managed Fund offerings are well positioned as attractive investment
opportunities for Canadians looking to alleviate the tax costs associated with
traditional investment solutions.


Forward-Looking Statements

This release may contain "forward-looking statements" which reflect the current
expectations of the Company. These statements reflect management's current
beliefs with respect to future events and are based on information currently
available to management. Forward-looking statements involve significant known
and unknown risks, uncertainties and assumptions. Many factors could cause
actual results, performance or achievements to be materially different from any
future results, performance or achievements that may be expressed or implied by
such forward-looking statements including, without limitation, those listed
under the heading "Risk Factors" in the Company's Management Discussion and
Analysis, which is available on the Company's website and on SEDAR at
www.sedar.com. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements prove incorrect,
actual results, performance or achievements could vary materially from those
expressed or implied by the forward-looking statements contained in this
release. Although the forward-looking statements contained in this release are
based upon what the Company believes to be reasonable assumptions, the Company
cannot assure investors that actual results, performance or achievements will be
consistent with these forward-looking statements. These forward-looking
statements are made as of the date of this release and the Company does not
assume any obligation to update or revise them to reflect new events or
circumstances.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NexGen Financial Corporation
Abe Goenka
Interim Co-CEO
416.775.3723
agoenka@nexgenfinancial.ca