Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE INCREASES UNIT OFFERING AND CLOSES FIRST TRANCHE

Further to Nevada Organic Phosphate Inc.'s news releases dated May 13, 2026, and May 15, 2026, it has closed the first tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $5,044,747 through the issuance of 28,026,370 units of the company at a price of 18 cents per unit.

The company is pleased to note that the offering attracted 116 individual subscriptions, reflecting significant breadth of investor participation and strong conviction in the company's continuing drill program and the potential of its Murdock property. The company also announces that due to high investor interest it has increased the offering for gross aggregate proceeds of up to $5.5-million to accommodate oversubscriptions and intends to close the second and final tranche next week.

Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of 30 cents per warrant share for a period of 36 months following the date of issuance.

Fees of $327,512 were paid and 1,819,513 finders' warrants were issued to certain finders in connection with the first tranche. Each finder's warrant entitles the holder thereof to purchase one additional share at a price of 30 cents per finder's warrant share for a period of 36 months following the date of issuance. The aggregate proceeds of the first tranche are anticipated to be used for a phase two drill program at the company's Murdock Mountain property and for general working capital.

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 (CSE).

Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and near the rail head to California or the East Coast.

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