Nevada Exploration Inc. Completes First 2,600 Metres of Scorpion Drilling at its Kelly Creek Project - Seite 2

Discussing the results, NGE's CEO, Wade Hodges: "We're very excited to share the news that the early results of our Scorpion drilling program at Kelly Creek confirm that we are focusing in on a number of shallow bedrock targets by following increasing concentrations of gold in all three of: the bedrock, the alluvial cover, and the groundwater. This is exactly what we designed this phase of the program to accomplish. We are exploring in the middle of the Kelly Creek Basin, one of the most mineralized valleys in the heart of the world's highest gold producing jurisdiction by area. With our comprehensive and systematic under-cover toolbox, which includes our Scorpion Drill Rig, we are vectoring into the caliber of high-quality exploration targets that the industry is in desperate need of, and doing so more than 5 kilometres (3 miles) from the nearest outcrop. Our ongoing work at Kelly Creek provides a terrific example of the power of our integrated exploration program to lead the industry to open up the under-cover search space in Nevada."

Additionally, based on the positive results of the Scorpion drilling program at the Kelly Creek Project, the Company is also pleased to report that it has increased its land holdings at the Project by adding an additional approximately 5 km² (2 mi²) of private land to its Hot Pot Lease Agreement. With this additional land, NGE now controls a combined total of 42 km² (16 mi²) of both private and BLM mineral rights in the Kelly Creek Basin.

About the Kelly Creek Project

The Kelly Creek Basin is located along the Battle Mountain-Eureka Trend, and is bounded by multi-million-ounce gold deposits to the north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo Valley, Copper Basin, and Phoenix) - together representing more than 70 million ounces of gold along the periphery of the Basin. Despite its close proximity to dense, world-class mineralization, the interior of the Kelly Creek Basin has seen limited systematic exploration activity to date because its bedrock is largely hidden by sand and gravel cover.