Mr. Edward Lee reports

NEVADA CLEAN MAGNESIUM CLOSES THIRD AND FINAL TRANCHE OF CONVERTIBLE NOTE FINANCING

Nevada Clean Magnesium Inc. has closed the third and final tranche of its non-brokered private placement of unsecured convertible notes previously announced on Jan. 8, 2016, in the amount of $100,000.

The accumulated total from the three tranches collectively raised $350,000; no finders' fees were paid in connection with the third tranche of the financing.

The principal amount of the convertible note will bear interest at 20 per cent per annum, and any accrued but unpaid interest will mature on the date that is one year following the closing date. Each convertible note will be convertible into common shares of the company at a price of five cents per share, and any accrued but unpaid interest thereon will be convertible into shares at the price per share which is the greater of: (i) five cents, and (ii) the market price (as defined in the policies of the TSX Venture Exchange) on the date of a conversion notice.

The securities issued will be subject to a four-month hold period from the date of issue of, as the case may be, the convertible notes or the shares. The completion of the private placement, and payment of any commission and fees, remains subject to the receipt of all necessary approvals, including the approval of the exchange. In addition, the TSX Venture Exchange has granted a 30-day extension for the non-brokered private placement of unsecured convertible notes.

Proceeds of the non-brokered private placement will be used for working capital.

This press release was prepared under the supervision and review of James Sever, PEng, president and chief operating officer for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

We seek Safe Harbor.