Nevada Exploration Announces Grant of Stock Options

December 31, 2010

Nevada Exploration Inc. (“NGE”) (TSX-V:NGE) announces that pursuant to NGE’s stock option plan and subject to TSX Venture Exchange Approval, it has granted an aggregate of 3,100,000 options (the "Options") to purchase common shares of NGE exercisable at a price of $0.10 per common share until December 31, 2015, to officers and directors of the Company.


Nevada Exploration Inc.

Nevada Exploration Inc. is an exploration company focused on gold in Nevada.  NGE has developed proprietary groundwater chemistry exploration technology to explore for gold in Nevada’s covered basins where traditional exploration techniques are challenged.  NGE has completed the first ever comprehensive survey of Nevada’s groundwater focused on discovering new gold deposits and has demonstrated that Nevada’s gold deposits exhibit recognizable and measurable groundwater chemistry signatures.  NGE is now using its proprietary technology to identify, acquire, and advance new exploration properties exhibiting groundwater chemistry similar to known gold mines.

For further information please contact:
James Buskard
Vice President Corporate Development
Nevada Exploration Inc.
Tel: (775) 359-7740

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.

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.