Mr. Edward Lee reports

NEVADA CLEAN MAGNESIUM CLOSES THIRD AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Nevada Clean Magnesium Inc. has closed the third and final tranche of its non-brokered private placement previously announced on Nov. 7, 2014, for gross proceeds of $67,000, comprising 1.34 million units at a price of five cents per unit.

The accumulated total from the three tranches collectively raised an oversubscribed total of $239,500, for a total of 4.79 million units.

The offering

Each unit consists of one common share in the capital of Nevada Clean Magnesium and one common share purchase warrant. Each warrant will be exercisable into one common share for a period of three years at a price of five cents per share during the first two years of the exercise period and 10 cents per share during the third year of the exercise period.

The proceeds of the offering will be used for general working capital and accounts payables, including legal and transfer agent fees. Although the company intends to use the proceeds of the offering as described above, the actual allocation of net proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities. The company will apply the proceeds of the offering to the above uses in priority and in such proportions as management of the company determines is in the best interests of the company.

The securities issued in connection with the offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities.

We seek Safe Harbor.