Nevada Exploration Inc. announced the appointment of Anne Labelle as Chief Executive Officer. Ms. Labelle has significant expertise in all areas of mineral exploration, development and mining, and has served in roles of increasing responsibility over the past three decades as a geologist, as a lawyer, as an executive and as a corporate director. An expert in sustainable development, she provides strategic advice and legal counsel to mineral exploration and development companies.

In her role as a mining company executive, with responsibility for external and legal affairs, corporate social responsibility, environmental, permitting and regulatory affairs, Ms. Labelle has carved out her path as an industry leader in ESG. Consistently promoting the interests of local communities as they intersect with industry, she has negotiated complex multi-party cooperative agreements with stakeholders. Throughout her career, Ms. Labelle has been adamant that transparency and open communication creates the best path to a successful project.

In accordance with the direction of the Board of Directors, Ms. Labelle's immediate duties will include overseeing the restructuring and refinancing of the Company, including a significant consolidation of capital for which shareholder approval will be required. In anticipation of this planned reorganization, the Company has determined that it will not proceed with the private placement previously announced on August 29, 2022. The Board of Directors welcomes Ms. Labelle to the Company and looks forward to working with her to create value for shareholders.