Nevada Exploration Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.11 per unit for the gross proceeds of up to CAD 550,000 on February 20, 2024. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.20 per common share for 36 months after the date of issuance. If after four months plus one day from the closing date the closing price of company?s common shares is greater than CAD 0.40 per share for 10 consecutive trading days, company may accelerate the expiry date of the warrants to the 30th day after the date on which company gives notice to the warrant holders of such acceleration, with such notice being the issuance of a news release by the company announcing the acceleration of the expiry date.

The offering is subject to receipt of all necessary regulatory and TSX Venture Exchange approvals. The securities issued at closing of the offering will be subject to a four month plus one day hold period from the date of issue, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities. Subject to approval by the TSX Venture Exchange and applicable securities legislation, the company may pay finder?s fees with respect to certain subscriptions from arm?s length subscribers in accordance with the TSX Venture Exchange Policies.