URZ.V · 2022-10-04 12:00:00

Nevada Exploration Announces Management and Director Changes

Management Changes

VANCOUVER, British Columbia, Oct. 04, 2022 -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE;

OTCQB:NVDEF) announces a change in senior Management with the resignation of Mr. James Buskard, President and CEO

and a director of the Company.

While Mr. Buskard is stepping down as an officer and director of the Company due to personal reasons, he will continue to

support the Company in an advisory role.

The Company also announces that Dennis Higgs has resigned as a director and Chairman of the Board effective October 1,

2022, but will continue to support the Company in an advisory role.

The Company wishes to thank Messrs. Buskard and Higgs for their past contributions and for generously offering to assist the

Company as it moves forward.

About Nevada Exploration Inc.

Led by an international team of proven explorers, NGE is disrupting Nevada’s exploration industry by applying new technology

to systematically explore for the second half of Nevada’s gold endowment waiting to be discovered beneath Nevada’s valley

basins. NGE is advancing a portfolio of new gold exploration projects, primarily focused on three district-scale Carlin-type gold

projects, which includes its flagship South Grass Valley project where it is currently drilling approximately 50 kilometres south

-southwest of the Nevada Gold Mines (Barrick Gold Corp. and Newmont Corporation joint venture) Cortez complex.

For more information, Nevada Exploration’s latest videos are available at:

https://www.nevadaexploration.com/investors/media/

For further information, please contact:

Nevada Exploration Inc.

Telephone: +1 (604) 601 2006

Website: www.nevadaexploration.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking

information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and

objectives regarding projects, potential transactions, and ventures discussed in this release.

In connection with the forward-looking information contained in this news release, the Company has made numerous

assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue

to be able to access the capital required to advance its projects and continue operations. While the Company considers these

assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or

achievements to be materially different from any future results, performance or achievements expressed or implied by the

forward-looking information contained herein. Among the important factors that could cause actual results to differ materially

from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain

additional financing, environmental permits, the availability of needed personnel and equipment for exploration and

development, fluctuations in the price of minerals, and general economic conditions.

A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous

disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is

qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such

forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information

contained herein to reflect future results, events or developments, except as required by law.