Nevada Exploration Forms Advisory Board and Appoints Former Uranerz Uranium Professionals

Nevada Exploration Forms Advisory Board and Appoints Former Uranerz

Uranium Professionals

VANCOUVER, British Columbia, May 28, 2024 -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB:

NVDEF) is pleased to announce the formation of an Advisory Board comprised of key uranium professionals who were

previous Directors and Officers of Uranerz Energy Corporation (“Uranerz”).

The Uranerz team explored, permitted, built and operated the Nichols Ranch ISR uranium project, which led to Uranerz being

acquired in 2015 by Energy Fuels Inc. in a $350 million business combination. Energy Fuels is a leading U.S. producer of

uranium and vanadium and trades on the NYSE American (“UUUU”) and TSX (“EFR”).

Professionals from Uranerz appointed to the Nevada Exploration Advisory Board include Dr. Gerhard Kirchner, Glenn

Catchpole, Arnold Dyck, and Paul Saxton. A description of each of their backgrounds follows. More information about Uranerz

is also available below.

Dipl.Ing. Dr.mont Gerhard F. Kirchner, P.Eng.

Dr. Kirchner has forty years of international mine development and management experience including the definition/discovery

of the world’s second largest molybdenum deposit (Malmbjerget in NE-Greenland), the development of the copper-cobalt mine

Kamoto in the Democratic Republic of the Congo and twenty years with Uranerz Exploration and Mining Ltd. He received a

multidisciplinary education in mining engineering and economic geology, and a Doctorate in Mining Sciences from the

University of Leoben, Austria.

At Uranerz Exploration and Mining, Dr. Kirchner spent nine years as General Manager and eleven years as Senior Vice

President. He and his team were responsible for the Key Lake uranium discovery in Canada which led to the development of

the largest, lowest operating cost uranium mine in the world producing over 200 million pounds of yellowcake before the

reserves were exhausted.  Dr. Kirchner was responsible for the acquisition of Uranerz Exploration and Mining’s share of the

Star Lake and the Midwest deposits, the Crow Butte property, and the orderly engineering and development of these deposits

and operations. 

Dr. Kirchner served as a Director of Uranerz Energy Corporation from inception in 2005 until its acquisition by Energy Fuels in

2015.

Glenn Catchpole, M.S., P.Eng. (retired)

Mr. Catchpole is a licensed engineer who holds an M.S. in civil engineering from Colorado State University. He has been active

in the uranium solution mining industry since 1978, holding various positions including well field engineer, project manager,

general manager and managing director of several uranium in-situ recovery mining operations.

In 1988 Mr. Catchpole joined Uranerz U.S.A., Inc. and Uranerz Exploration and Mining Ltd. and became Director of Regulatory

Affairs, Environmental Engineering and Solution Mining. In 1996 Mr. Catchpole was appointed General Manager and Managing

Director of the Inkai uranium solution mining joint venture located in the Republic of Kazakhstan. In 1998 Cameco Corporation

acquired Uranerz U.S.A. Inc., and Mr. Catchpole continued his post with the Inkai project. Mr. Catchpole spent six years

taking the Inkai project from acquisition through feasibility study, joint venture formulation, government licensing, environmental

permitting, design, construction and the first phase commercial demonstration start-up. The Inkai uranium project became one

of the largest ISR uranium mines in the world.

In 2005 Mr. Catchpole joined Uranerz Energy Corporation as the President and CEO and Director and built the company from

inception to its acquisition by Energy Fuels in 2015.

Mr. Catchpole was also the CEO of URZ Energy Corp. (TSX-V: URZ) from 2017 to 2018 before it was acquired in a business

combination with Azarga Uranium Corp. (TSX: AZZ). Nevada Exploration board members Todd Hilditch was Chairman of URZ

Energy Corp. and Sandra MacKay was an executive of Uranerz Energy Corporation and a board member of URZ Energy Corp.

Azarga was subsequently acquired in 2022 by enCore Energy Corp. (NASDAQ: EU).

Mr. Catchpole is past president of the Uranium Producers of America and past president of the Mining Association of

Kazakhstan.

Arnold J. Dyck

Arnold Dyck is a graduate of the Registered Industrial Accountant education program and was awarded the designation of

Chartered Professional Accountant in 2014.

Mr. Dyck was employed at Uranerz Group (defined below) from 1977 to 1998. Mr. Dyck progressed through various positions

with Uranerz Canada Limited, Uranerz Exploration and Mining Limited, and Uranerz U.S.A. Inc. to become the Senior Vice-

President and Chief Financial Officer for the Uranerz Group of companies where his department was responsible for

interpreting and fulfilling the terms of all uranium-related contracts (borrowing, lending, swapping, buying, selling). He also

served as a member of the board of directors for Uranerz U.S.A. Inc. and as chairman of the board with a subsidiary mining

company.

Mr. Dyck was a Director of Uranerz Energy Corporation from 2006 until its acquisition by Energy Fuels in 2015 and was on the

Uranerz Uranium Marketing Committee responsible for its uranium sales contracts.

Paul Saxton, B.Sc. (Eng), M.B.A., P.Eng.

Paul Saxton is a mining engineer who also holds an MBA from the University of Western Ontario. He has been active in the

mining industry since 1969, holding various positions including mining engineer, mine superintendent, President and CEO of

numerous Canadian mining companies. Following ten years with Cominco, Mr. Saxton became Vice President and then

President of Mascot Gold Mines Ltd., initially working on the design and construction of the Nickel Plate mine in British

Columbia and was instrumental in the re-opening of the mine. Subsequently Mr. Saxton became a Vice-President of Corona

Corporation where he was responsible for western operations and exploration for the company. In 1989, Mr. Saxton was

appointed Senior Vice President of Viceroy Resource Corporation where he was responsible for construction and operations of

the Castle Mountain mine in California.  In 1994 he became President of Loki Gold Corporation and Baja Gold Inc., where he

was responsible for bringing the Brewery Creek Gold mine into production. In 1996 he helped organize the merger of Viceroy,

Baja and Loki into Viceroy Resource Corporation and became President of the new entity. Following his departure from

Viceroy in 1998, Mr. Saxton became President of Standard Mining Corp., organizing the company and supervising its

exploration activities until 2001, when Standard Mining Corp. was merged with Doublestar Resources Ltd. Mr. Saxton has

been involved with Lincoln Mining Corporation since 2003, with the focus on exploration and development of precious metal

projects in various western US states. In addition, Mr. Saxton was CEO and Director of Golden Band Resources Ltd in

northern Saskatchewan until the spring of 2024. Mr. Saxton is a Registered Professional Engineer in British Columbia.

Over the years Mr. Saxton has been involved with the raising of over $100 Million for the various projects that he has been

involved in.

Mr. Saxton was a Director of Uranerz Energy Corporation from inception until it was acquired by Energy Fuels in 2015.

The Advisory Board will augment Nevada Exploration’s Board of Directors which has two former Uranerz Energy Corporation

executives (Sandra MacKay and Ben Leboe) and two former board members of URZ Energy Corp. (Todd Hilditch and Sandra

MacKay).

About Uranerz Energy Corporation

Uranerz was a US-domiciled in-situ recovery uranium company that controlled a large strategic land position in the central

Powder River Basin of Wyoming and successfully explored, permitted, built, and operated the Nichols Ranch ISR uranium

project.  The Company had an experienced team of mining personnel, many of whom were former officers, senior management

and employees of the original Uranerz Exploration and Mining Limited and related companies (“Uranerz Group”). Before being

acquired by Cameco in 1998, the Uranerz Group was the world’s third-largest uranium producer. This team has direct

experience in licensing, designing, constructing and operating underground, open-pit and in-situ recovery uranium production

facilities. Uranerz common shares were listed on the NYSE American and the Toronto Stock Exchange under the symbol

“URZ”.

About Nevada Exploration Inc.

NGE is a mineral exploration company focused on discovery. The Company has a wide range of management and Board of

Directors experience relating to several commodities and jurisdictions.

For further information, please contact:

Nevada Exploration Inc.

Mark Kolebaba, President and CEO

Telephone: (604) 307-6450

Email: [email protected]

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.