Nevada Exploration Inc. (“NGE”) Announces Extension Of Series B Warrants Exercise Period Up To October 31, 2008
August 28, 2008
Nevada Exploration Inc. (TSX-V:NGE) (“NGE”) has extended the exercise period for the remaining, 3,019,500 Series B warrants from August 27, 2008, to October 31, 2008. Each Series B warrant can be exercised to purchase one common share of NGE for an exercise price of $0.60.
Wade Hodges, President and CEO, explains that “NGE appreciates the support of our early investors and has extended the exercise period to ensure that they can participate in any positive results from the latest drilling.”
NGE is an exploration company focused on gold exploration in Nevada. NGE is led by a highly experienced and historically successful exploration management team. NGE has developed a proprietary groundwater chemistry exploration technology, and is the first to complete a comprehensive survey of Nevada’s groundwater specifically for gold exploration. Management believes that the results of NGE’s groundwater chemistry program are significant in that they are demonstrating that Nevada’s known gold deposits exhibit recognizable groundwater chemistry signatures. NGE has identified and acquired exploration properties with similar groundwater chemistry and is now testing whether such water chemical signatures can be followed “up stream” to discover new gold deposits.
The TSX-Venture Exchange has conditionally approved the extension of the Series B warrants of NGE as described in this press release but does not otherwise accept responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Wade A. Hodges
President, CEO & Director
Nevada Exploration Inc.
Tel: (775) 359-7740
Wade A. Hodges is the Qualified Person, as defined in National Instrument 43-101, and is responsible for the preparation of the technical and scientific information contained in this News 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, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.