Awakening Gold Project Reverts to Nevada Exploration Inc.

Nevada Exploration Inc. (TSX VENTURE:NGE) ("NGE") reports that AuRico Gold Inc.
("AuRico") has received the final drill results from AuRico's 2011 drilling
program and that AuRico has elected to terminate the Exploration and Option to
Enter Joint Venture Agreement ("Agreement") for the Awakening Gold Project. As a
result, AuRico retains no interest in the project.


AuRico's 2011 drilling program at Awakening included seven core holes averaging
310 metres deep (1,020 feet) and totalling 2,194 metres (7,198 feet). AuRico has
indicated to NGE that the drilling results were not encouraging enough to
warrant AuRico's continuation of the Agreement.


NGE is awaiting the final results from AuRico; but the results received to date
include intervals of weak to moderate oxidation, evidence of high angle
structures, and anomalous gold and silver values, including isolated samples
with values up to 0.5 g/t gold and 30.5 g/t silver. NGE will provide a more
comprehensive news release upon receiving and analysing the final results from
AuRico.


Nevada Exploration Inc.

NGE is an exploration company focused on gold in Nevada. NGE is led by an
experienced management team that has been involved with the discovery of more
than 30 million ounces of gold in Nevada.


NGE is aggressively applying the latest in "blind deposit" exploration
technology to identify, acquire, and advance new exploration properties in
Nevada's highly prospective, yet underexplored covered basins. Specifically, NGE
has developed proprietary hydrogeochemistry (groundwater chemistry) exploration
technology to explore for gold in Nevada's covered basins where traditional
exploration techniques are challenged.


Using its industry leading exploration technology, NGE has assembled a portfolio
of nine new gold projects, and with over 20,000 hectares (75 sq mi), is evolving
as a major player in this world class jurisdiction. NGE's business model is to
leverage its properties and technology to create shareholder value through
generative exploration, joint ventures, and other exploration partnerships.


Wade A. Hodges, President & CEO, Nevada Exploration Inc., is the Qualified
Person, as defined in National Instrument 43-101, and has prepared the technical
and scientific information contained in this news release.


Cautionary Statement on Forward-Looking Information:

This release contains certain "forward-looking statements" including, without
limitation, expectations, beliefs, plans and objectives regarding the potential
transactions and ventures discussed in this release. 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.

Nevada Exploration (TSXV:NGE)
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から 10 2024 まで 11 2024