Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE ANNOUNCES STOCK OPTION GRANT AND COMPENSATION SHARES ISSUANCE

Nevada Organic Phosphate Inc. has approved the issuance of 2.25 million stock options to certain officers, directors and consultants of the company for the purchase of up to 2.25 million common shares in the capital of the company pursuant to the company's stock option plan. Each option vested immediately and is exercisable for a period of five years at an exercise price of 22.5 cents per share.

The company also announces that it has agreed to issue one million common shares of the company to Robin Dow, chief executive officer, as bonus compensation. The compensation shares are being issued at a deemed price of 17 cents per share in accordance with policies of the Canadian Securities Exchange. All compensation shares issued are subject to a four-month-and-a-day hold period.

The issuance of the compensation shares constitutes a related-party transaction as this term is defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). The issuance of the shares was exempt from the valuation requirement of MI 61-101 by the virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the shares issued did not exceed 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing of the compensation shares transaction as the details and amounts of the bonuses were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable, which the company deems reasonable.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeastern 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 railhead to California or the East coast.

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