Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE CLOSES $105,000 INITIAL TRANCHE OF UNIT OFFERING

Further to the news release dated Oct. 17, 2023, Nevada Organic Phosphate Inc. has closed the first tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $105,000 through the issuance of 2.1 million units of the company at a price of five cents per unit.

Each unit consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of 10 cents per warrant share for a period of 60 months following the date of issuance.

The aggregate proceeds of the first tranche are anticipated to be used for advancement of the company's Murdock property and for general working capital.

Fees of $8,500 were paid, and 170,000 finders' units were issued to certain finders in connection with the first tranche. Each finder's unit consists of one share and one finder's share purchase warrant, with each finder's warrant entitling the holder thereof to purchase one additional share at a price of 10 cents per warrant share for a period of 60 months following the date of issuance.

All securities issued in connection with the first tranche are subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102 (Resale of Securities). The offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with a sedimentary rock phosphate property hosting a nearly flat-lying bed of known phosphate mineralization 6.6 kilometres long in northeast Nevada. The issuer aims to be one of the only certified organic rock phosphate producers with large-scale potential in North America. The Murdock property is situated adjacent to a main highway and the railhead to California.

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