Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE;
OTCQB:NVDEF) is pleased to announce the appointment of Anne Labelle
as Interim President & Chief Executive Officer.
Ms. Labelle has significant expertise in all
areas of mineral exploration, development and mining, and has
served in roles of increasing responsibility over the past three
decades as a geologist, as a lawyer, as an executive and as a
corporate director. An expert in sustainable development, she
provides strategic advice and legal counsel to mineral exploration
and development companies.
In her role as a mining company executive, with
responsibility for external and legal affairs, corporate social
responsibility, environmental, permitting and regulatory affairs,
Ms. Labelle has carved out her path as an industry leader in ESG.
Consistently promoting the interests of local communities as they
intersect with industry, she has negotiated complex multi-party
cooperative agreements with stakeholders. Throughout her career,
Ms. Labelle has been adamant that transparency and open
communication creates the best path to a successful project.
In accordance with the direction of the Board of
Directors, Ms. Labelle’s immediate duties will include overseeing
the restructuring and refinancing of the Company, including a
significant consolidation of capital for which shareholder approval
will be required. In anticipation of this planned reorganization,
the Company has determined that it will not proceed with the
private placement previously announced on August 29, 2022.
The Board of Directors welcomes Ms. Labelle to
the Company and looks forward to working with her to create value
for shareholders.
Update on Kelly Creek
Project
The Company notes that its joint venture partner
Austin Gold Corp. has issued a news release dated October 3, 2022,
which contains certain results from its drilling program at NGE’s
Kelly Creek Project.
The Kelly Creek Project is located in Nevada
along the Battle Mountain – Eureka Gold Trend within the larger
Kelly Creek Basin, which is bounded by large gold deposits to the
north (Twin Creeks, Getchell, Turquoise Ridge, and Pinson) and
south (Lone Tree, Marigold, Trenton Canyon, Converse, Buffalo
Valley, Copper Basin, and Phoenix).
About Nevada Exploration
Inc.
Led by an international team of explorers, NGE
is applying new technology to systematically explore for the
undiscovered second half of Nevada’s gold endowment waiting to be
uncovered within Nevada’s valley basins. NGE is advancing a
portfolio of new gold exploration projects, primarily focused on
three district-scale Carlin-type gold projects, which includes its
flagship South Grass Valley project where it is currently drilling
in close proximity to the Cortez Complex of Nevada Gold Mines.
Wade A. Hodges, Chief Discovery Officer and
Director of NGE, is the qualified person, as defined in National
Instrument 43-101, and has prepared the technical and scientific
information contained in this news release.
We seek Safe Harbor.
For more information, Nevada Exploration’s latest videos are
available at:https://www.nevadaexploration.com/investors/media/
For further information, please contact:
Nevada Exploration Inc.Email:
info@nevadaexploration.comTelephone: +1 (604) 601 2006Website:
www.nevadaexploration.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
information”) within the meaning of applicable securities laws,
including, without limitation, expectations, beliefs, plans, and
objectives regarding projects, potential transactions, and ventures
discussed in this release.
In connection with the forward-looking information contained in
this news release, the Company has made numerous assumptions,
regarding, among other things, the assumption the Company will
continue as a going concern and will continue to be able to access
the capital required to advance its projects and continue
operations. While the Company considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies.
In addition, there are known and unknown risk factors which
could cause the Company’s actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein. Among the important
factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are the risks
inherent in mineral exploration, the need to obtain additional
financing, environmental permits, the availability of needed
personnel and equipment for exploration and development,
fluctuations in the price of minerals, and general economic
conditions.
A more complete discussion of the risks and uncertainties facing
the Company is disclosed in the Company’s continuous disclosure
filings with Canadian securities regulatory authorities at
www.sedar.com. All forward-looking information herein is qualified
in its entirety by this cautionary statement, and the Company
disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of
any revisions to any of the forward-looking information contained
herein to reflect future results, events or developments, except as
required by law.
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