Richard F. Seamans engaged as United States Financial Consultant and Lighthouse Media Investor Relations agreement signed
May 16, 2007
Nevada Exploration Inc. ("NGE") is pleased to announce that it has retained Richard F. Seamans of Waltham, Mass. to act as its United States-based capital markets, financial and strategic consultant. Mr. Seamans is the founder and managing director of Seamans Capital Management, an investment advisory firm which specializes in the managing of global resource funds. Wade Hodges, the President of NGE, stated: "We are delighted that we have been able to enter into a formal arrangement with Mr. Seamans which will allow us to benefit from his significant global resource expertise and financial contacts." In addition to his role as financial consultant, Mr. Seamans has joined the Advisory Board of NGE effective today.
Investor Relations Agreement
NGE has also entered into an investor relations services agreement with Lighthouse Media and Communications of 141 Adelaide Street West, Suite 110, Toronto, Ontario M5H 3L5. Lighthouse is a public relations firm serving small and medium-sized public companies and Mr. William Koble is the President of Lighthouse. Investor relations advisory services to be provided by Lighthouse to NGE shall include, without limitation, the dissemination of corporate information on NGE and the establishment of NGE's profile with retail, financial and institutional investors, portfolio managers, and mining analysts in North America and Europe.
In consideration for its services as described above, NGE will pay Lighthouse a fee of $5,000 per month for a renewable term of 12 months, commencing on May 15, 2007. The company will also grant 500,000 incentive stock options to Lighthouse at $0.60 per share for a maximum period of 5 years. The options will vest 125,000 each quarter for a period of one year. The aforementioned is subject to regulatory approval where required.
NGE is an exploration company focused on gold exploration in Nevada. NGE has 100% ownership interests in the mineral rights to exploration properties in Nevada's major gold trends and is led by a highly experienced management team. The company developed a proprietary groundwater chemistry exploration technology and has completed the first ever survey of Nevada's groundwater chemistry. Management believes that the results of NGE's groundwater chemistry program are significant in that they have demonstrated that Nevada's gold deposits exhibit recognizable groundwater chemistry. NGE used this technology to identify the Hot Pot and Fletcher Junction targets as well as its recently acquired properties. Permitting with the United States Forest Service for 20 drill sites has been approved, bonding and dirt work completed and awaits procurement of an RC drill rig. Second phase drilling at Hot Pot will be directed by the results of recent in-fill groundwater, soil, and soil-gas chemistry surveys and is ready to start upon procurement of an RC drill rig. Including NGE's Fletcher Junction and Hot Pot properties, NGE now has a total of ten properties, all with highly anomalous gold in water chemistry, or more than 40 square miles under control.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information:
This release contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. 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, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
For further information:
Daniel Pharand, Chairman of the Board, Nevada Exploration Inc., (514) 984-4431, firstname.lastname@example.org
Wade Hodges, President, Nevada Exploration Inc., (775) 359-7740, email@example.comWeb-site: www.NevadaExploration.com