Nevada Exploration Closes First Tranche of Private Placement

August 19, 2014

Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) is pleased to announce that it has closed, subject to TSX Venture Exchange final approval, the first tranche of its non-brokered private placement (“Offering”) announced on July 15, 2014.  NGE has issued 2,830,100 Units at a price of $0.05 per Unit, for gross proceeds of $141,505.  Each Unit consists of one common share and one non-transferable common share purchase warrant entitling the holder to purchase one common share at an exercise price of $0.05 for a period of three years, subject to an accelerated expiry provision described below (the “Warrants”).  All shares issued are subject to a four month hold period expiring December 20, 2014, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities. The proceeds of this tranche will be used for general working capital, including making payments to maintain the Company’s properties.

If on any 20 consecutive trading days after the issuance of the Units the closing sales price (or closing bid price on days when there are no trades) of the common shares of NGE quoted on the TSX Venture Exchange is greater than $0.11, NGE may accelerate the expiry date of the Warrants to the 30th day after the date on which NGE gives notice to the Warrant holder of such acceleration.

In conjunction with a portion of this the first tranche, NGE paid finders' fees to an arm's length party totaling $3,000 in cash and 40,000 Broker Warrants exercisable under the same terms as the Warrants issued as part of the Units in the Offering. All Broker Warrants are subject to a four month hold period expiring December 20, 2014.

The securities issued by NGE have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration, or an applicable exemption therefrom, under the 1933 Act and the securities laws of all applicable states.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

About 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 covered 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 new gold projects, and with interests in more than 135 square kilometres (52 sq mi), has established itself 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.

For further information please contact:

Wade Hodges
CEO & Chairman
Nevada Exploration Inc.
Tel: +1 (888) 263 2110

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 and referenced presentation 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.