Mr. Wade Hodges reports

NEVADA EXPLORATION CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Nevada Exploration Inc. has closed, subject to TSX Venture Exchange final approval, the first tranche of its non-brokered private placement announced on July 15, 2014. The company has issued 2,830,100 units at a price of five cents per unit, for gross proceeds of $141,505. Each unit consists of one common share and one non-transferable common share purchase warrant entitling the holder to purchase one common share at an exercise price of five cents for a period of three years, subject to an accelerated expiry provision described below. All shares issued are subject to a four-month hold period expiring Dec. 20, 2014, 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, including making payments to maintain the company's properties.

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 11 cents, Nevada Exploration may accelerate the expiry date of the warrants to the 30th day after the date on which it gives notice to the warrantholder of such acceleration.

In conjunction with a portion of this the first tranche, the company paid finders' fees to an arm's-length party totalling $3,000 in cash and 40,000 broker warrants, exercisable under the same terms as the warrants issued as part of the units in the offering. All broker warrants are subject to a four-month hold period expiring Dec. 20, 2014.

We seek Safe Harbor.