NGE Nevada Exploration Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Nevada Exploration Inc. ("NGE") (TSX VENTURE:NGE) announces a non-brokered
private placement offering of up to 10,000,000 units (the "Units") at a price of
$0.10 per Unit (the "Offering"), for total gross proceeds of up to $1,000,000.
Each Unit will consist of one common share and one-half of one non-transferable
common share purchase warrant. Each whole warrant will entitle the holder to
purchase one common share at an exercise price of $0.15 for a period of one
year, subject to an accelerated expiry provision described below. Proceeds from
the offering will be used to advance NGE's exploration projects, and for general
working capital.


The Offering is scheduled to close on or about December 20, 2012, and is subject
to receipt of all necessary regulatory and stock exchange approvals. The
securities issued at closing of the Offering will be subject to a four month
hold period from the date of issue, as well as to any other re-sale restrictions
imposed by applicable securities regulatory authorities.


Subject to approval by the TSX Venture Exchange and applicable securities
legislation, NGE may pay eligible arms-length finders a finder's fee of up to 8%
of the gross proceeds raised, in addition to a number of Compensation Warrants
equal to 8% of the total Units subscribed. The Compensation Warrants shall be
issued on the same terms as the Warrants issued under the Offering.


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
$0.25, 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.


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.


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 nine new gold projects, and with over 13,500 hectares (52 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nevada Exploration Inc.
James Buskard
Vice President Corporate Development
(775) 359-7740
info@nevadaexploration.com
www.nevadaexploration.com

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