An anonymous director reports

NEVADA EXPLORATION INC. CLOSES PRIVATE PLACEMENT

Nevada Exploration Inc. has closed, subject to TSX Venture Exchange final approval, a non-brokered private placement whereby NGE has issued 1,323,000 units at a price of 27.5 cents per unit, for total proceeds of $363,825. Insiders of the company subscribed for an aggregate of 436,000 units, totalling $119,900.

Each unit consists of one common share and one-half of one non-transferable common share purchase warrant entitling the holder to purchase one common share at an exercise price of 50 cents for a period of two years, subject to an accelerated expiry provision described below. All shares issued are subject to a four-month hold period expiring April 30, 2016, as well as to any other resale restrictions imposed by applicable securities regulatory authorities. The proceeds of this tranche will be used for general working capital.

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 the company quoted on the TSX Venture Exchange is greater than 75 cents per share, then the company shall have the right to accelerate the warrant expiry date to the 30th day after the date on which the company gives notice to the warrant holders in accordance with the certificates representing the warrants.

We seek Safe Harbor.