NGE Nevada Exploration Inc

Nevada Exploration Inc. ("NGE") (TSX VENTURE:NGE) announces the signing of a
two-year Exploration Agreement (the "Agreement") with McEwen Mining Inc. ("MMI")
to generate new gold projects in a 25,000 hectare (95 sq mi) study area in north
central Nevada (the "AOI") using NGE's proprietary hydrogeochemistry exploration
technology.


Under the Agreement, MMI has engaged NGE to complete a hydrogeochemistry
sampling program across the large AOI to indentify and delineate discrete new
target areas in exchange for a service fee. Any projects that MMI acquires
within the AOI will be deemed Designated Properties. Upon acquiring a Designated
Property, MMI will pay NGE the greater of $25,000 USD or $100 USD per claim, and
grant NGE a 30% carried interest in the Designated Property. MMI will be the
manager of the Designated Properties, will have sole discretion on the nature
and timing of all exploration and development activities at the Designated
Properties, and will be solely responsible for payment of all costs incurred in
respect of the Designated Properties. If MMI elects to continue to maintain a
Designated Property, MMI will pay NGE $100,000 USD on the first through fourth
anniversaries of acquiring the Designated Property, and then $250,000 USD on
each subsequent anniversary. If MMI completes a Production Decision Report on a
Designated Property that MMI deems sufficient to base a decision to commence
production, the Designated Property will advance under a Joint Venture
agreement.


"With this Agreement, we are leveraging our investment in hydrogeochemistry
technology to not only lead and participate in the significant upside of this
exciting generative exploration program, but to also generate revenue, moving us
closer to our objective of funding exploration through positive cash flow. We
are pleased to further develop our relationship with McEwen Mining, and look
forward to working together to identify and advance new projects in this
important part of Nevada." - Wade Hodges, President and CEO of NGE.


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.


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.

Grafico Azioni Nevada Exploration (TSXV:NGE)
Storico
Da Ott 2024 a Nov 2024

Grafico Azioni Nevada Exploration (TSXV:NGE)
Storico
Da Nov 2023 a Nov 2024