An anonymous director reports

NEVADA EXPLORATION PROVIDES PROJECT UPDATE

Nevada Exploration Inc. has provided the following update regarding its Kelly Creek property.

Kelly Creek joint venture partner Austin Gold Corp. notifies company of termination of certain claims

The company's joint venture partner Austin has informed the company that it will terminate certain leases and claim holdings within the Kelly Creek project, representing approximately 60 per cent of the original claim holdings.

The company's wholly owned subsidiary, Pediment Gold LLC, and Austin are party to an exploration and option to enter joint venture agreement, with amendments, on the Kelly Creek project, located on the Battle Mountain-Eureka (Cortez) gold trend in Humboldt county, Nevada.

The termination of holdings by Austin has no present impact on the company's holdings. The company will determine whether to maintain such holdings before the due date for payment of Bureau of Land Management fees on Sept. 1, 2023.

About Nevada Exploration Inc.

Led by an international team of explorers, Nevada Exploration is applying modern technology to systematically explore for the undiscovered second half of Nevada's gold endowment waiting to be uncovered within Nevada's valley basins. Nevada Exploration is advancing a portfolio of gold exploration projects, primarily focused on three district-scale Carlin-type gold projects, including its flagship South Grass Valley project, located near the Cortez complex of Nevada Gold Mines.

We seek Safe Harbor.