Mr. Edward Lee reports

NEVADA CLEAN MAGNESIUM CLOSES OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Nevada Clean Magnesium Inc. has closed a $78,500 non-brokered private placement of units of the company at a price of five cents per unit. The offering is subject to TSX Venture Exchange final acceptance.

The offering

The maximum offering of 1.57 million units is for gross proceeds of $78,500. The offering was not subject to any minimum aggregate subscription. 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 five years at a price of five cents per share.

The warrants are subject to an acceleration clause such that at any time in the third, fourth or fifth years following the closing date, the issuer has the right, on a 30-day written notice, to require a warrantholder to exercise the warrants, so long as the closing trading price of the issuer's common shares on the issuer's principal trading market exceeds 6.25 cents per share for at least 10 consecutive trading days at any time prior to the date of the call notice. The warrants will terminate on the date that is 30 days from the date of the call notice in the event that the warrantholder has not exercised the warrants in accordance with the terms of the call notice by such date.

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 the securities. The company will pay a cash commission of $1,000, and the completion of the private placement and payment of any commission and fees remain subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Proceeds from the offering will be used for working capital.

About Nevada Clean Magnesium Inc.

Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high-grade, low-cost magnesium metal extracted from its 100-per-cent-owned Tami-Mosi property located in north-central Nevada.

We seek Safe Harbor.