Nevada Exploration Inc. Shareholders Approve Change Of Board Of Directors
March 9, 2009
Nevada Exploration Inc. (TSX-V: NGE) (“NGE”) is pleased to announce that it held its Annual General Meeting of shareholders on February 27, 2009 and that shareholders overwhelmingly approved management’s recommendations.
Wade A. Hodges, Kenneth N. Tullar and Jack Tindale remain on the Board of Directors of NGE. Shawn C. Noe joins the Board with a fifth director to be added at the discretion of management. Daniel Pharand and Jean-Francois Pelland both leave the Board. NGE thanks both Mr. Pharand and Mr. Pelland for their guidance during its initial financing phase and wishes them both well in their future endeavors.
Shawn C. Noe, M.Sc. is the owner of a wealth management company based in Lake Tahoe, NV and has more than 8 years of experience in the finance industry. Mr. Noe will be joining the Audit Committee of the Board.
The audited financial statements of the Corporation for the fiscal year ended April 30, 2008 were accepted, Demers Beaulne LLP was elected to continue as auditor and the Company Stock Option Plan was approved.
NGE is an exploration company focused on gold exploration in Nevada. NGE is led by an experienced and historically successful exploration management team. NGE has developed a proprietary groundwater chemistry exploration technology and is the first to complete a comprehensive survey of Nevada’s groundwater to discover new gold deposits. Management believes the results of NGE’s groundwater chemistry program are significant in that they demonstrate that Nevada’s gold deposits exhibit recognizable and measurable groundwater chemistry signatures. NGE has identified and acquired exploration properties exhibiting groundwater chemistry similar to known gold mines and is now testing whether such water chemical signatures can be used to discover new gold deposits. NGE continues to refine and apply this technology to identify, acquire, further delineate, and then either drill test or joint venture prospective exploration properties to return maximum shareholder value.
The TSX-V has in no way passed upon the merits and does not accept responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Wade A. Hodges
President, CEO & Director
Nevada Exploration Inc.
Office: (775) 359-7740
Toll Free: (888) 263-2110
Or visit our website at: www.NevadaExploration.com
We seek safe harbor.