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Nevada Exploration Corporate Update

Corporate Updates

Nevada Exploration Corporate Update

Vancouver, Canada December 29, 2023 (GLOBE NEWSWIRE) — Nevada Exploration Inc. (“NGE” or the

“Company”) (TSX-V:NGE; OTCQB:NVDEF) announces the retirement of Anne Labelle as president, CEO,

and director effective December 31, 2023. The Comp any thanks Ms. Labelle for her service and wishes

her the best in her future endeavours. Darcy Higgs has been appointed interim CEO effective

December 31, 2023.

About Nevada Exploration Inc.

NGE is applying modern technology to systematically explore for the undiscovered second half of

Nevada’s gold endowment waiting to be uncovered within Nevada’s valley basins. NGE is advancing

a portfolio of gold exploration projects, primarily focused on district-scale Carlin-type gold projects,

including its flagship South Grass Valley project located near the Cortez Complex of Nevada Gold

Mines.

For further information, please contact:

Nevada Exploration Inc.

Email: [email protected]

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 Fo rward-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.