Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE INCREASES OFFERING AND CLOSES FINAL TRANCHE FOR AGGREGATE GROSS PROCEEDS OF $277,500

Nevada Organic Phosphate Inc., further to its news releases dated Oct. 17, 2023, and Dec. 6, 2023, has closed the second and final tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $172,500 through the issuance of 3.45 million units of the company at a price of five cents per unit. Together with proceeds from the first tranche of the private placement, the company raised an aggregate of $277,500 and issued an aggregate of 5.55 million units.

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 private placement are anticipated to be used for advancement of the company's Murdock property and for general working capital.

Fees of $1,500 were paid and 30,000 finder's units were issued to certain finders in connection with the second tranche. Together with the first tranche of the private placement, the company paid aggregate finder's fees of $10,000 and issued 200,000 finder's units. 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 finder's warrant share for a period of 60 months following the date of issuance.

All securities issued in connection with the second 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.

Nevada Organic Phosphate Inc.

NOP is a junior exploration company with a sedimentary rock phosphate property, the Murdock 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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