13:54:09 EST Mon 02 Nov 2026
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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 178,923,541
Close 2026-10-30 C$ 0.095
Market Cap C$ 16,997,736
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Nevada Organic's hole MM26-13 intersects Meade Peak

2026-11-02 11:41 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE INTERSECTS ADDITIONAL UPPER PHOSPHATE ZONE MINERALIZATION AT MURDOCK MOUNTAIN AND EXTENDS GEOLOGICAL MODEL BEYOND 4.5 KILOMETRES

Hole MM26-13 intersected a strong 33.7 metres (110.6 feet) of the target Meade Peak member. Oolitic zones typical of the Upper phosphate zone were noted during core logging. True thickness and the phosphate content of the Upper phosphate zone will be confirmed by assay.

MM26-13 is approximately 122 metres (397 feet) farther southeast on section with MM26-11. Drilling is currently under way at MM26-14, where the top of the Meade Peak has just been intersected. MM26-14 is 1,036 metres (3,400 feet) southwest of MM26-12, which brings the confirmed strike of the target Meade Peak to over 4.5 kilometres (2.8 miles).

Robin Dow, chief executive officer, commented: "MM26-13 has provided another encouraging indication of the Upper phosphate zone, consistent with our geological expectations. With drilling now under way at MM26-14, we are extending our testing of the Meade Peak horizon beyond 4.5 kilometres of strike length. The predictable continuation of the stratigraphy encountered to date represents meaningful progress in reducing geological uncertainty and advancing the project toward future technical studies."

Garry Smith, PGeo, director, added: "Although assay results remain outstanding, we are encouraged by visual observations from our westernmost drill holes and by the consistent performance of our geological model across approximately 4.5 kilometres (2.8 miles) of strike length. These results continue to support our interpretation of a laterally continuous phosphate horizon. Weather permitting, we intend to complete several additional drill holes to further support future technical studies."

Qualified person

The interpretive technical information in this news release has been reviewed and approved by Garry K. Smith, PGeo, a director and qualified person, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate is a junior exploration company with an organic certifiable 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 certifiable sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and the railhead to California or the East Coast.

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