Nevada Exploration Appoints Jennifer Boyle to Board of Directors
September 30, 2009
Nevada Exploration Inc. (“NGE”) (TSX-V:NGE) is pleased to announce the appointment of Ms. Jennifer Boyle, B.A., LL.B. to NGE’s Board of Directors.
Ms. Boyle is a former Calgary securities lawyer and is now based in Toronto, where she is the Chief Executive Officer of CapEx Group Inc., a private consulting firm that works with early-stage junior resource companies to develop various growth strategies, including financings, and identifying and structuring mineral property joint ventures. Ms. Boyle is also the Chief Executive Officer and co-founder of Takara Resources Inc. (TKK:TSX-V), and prior to that, she co-founded Golden Valley Mines Ltd. (GZZ-TSX-V), and was a co-founding director and former Executive Officer of Canadian Royalties Inc. (CZZ:TSX). Ms. Boyle’s appointment to the board is subject to the approval of the TSX Venture Exchange.
Wade Hodges, President & CEO: “Jennifer brings valuable public company experience with joint ventures and corporate financings, and she is respected and well connected in the industry. Her appointment to the Board will be instrumental in streamlining and realizing the Company’s business development objectives, and we look forward to working with her.”
The Company further announces that it has granted 1,300,000 incentive stock options to officers and directors of the Company, exercisable at a price of $0.16 per share for a period of 5 years.
ABOUT NEVADA EXPLORATION INC.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced and historically successful exploration management team. NGE has developed a proprietary groundwater chemistry exploration technology to explore for gold in Nevada’s covered basins where traditional exploration techniques are challenged. NGE has completed the first ever comprehensive survey of Nevada’s groundwater focused on discovering new gold deposits, and has demonstrated that Nevada’s gold deposits exhibit recognizable and measurable groundwater chemistry signatures. NGE has used its proprietary technology to identify, acquire, and develop 11 new exploration properties exhibiting groundwater chemistry similar to known gold mines, and NGE is applying a standardized, staged exploration program at each property.
NGE has completed Phase I drilling at three of its properties and has discovered new, previously unknown, geochemically anomalous, hydrothermal systems at all three. With these results, NGE has demonstrated that its groundwater chemistry exploration program can identify new, high quality exploration targets in previously unexplored areas. Now that NGE has established groundwater chemistry as a valuable and important exploration technology, NGE plans to focus on matching its drill-ready properties with exploration partners. By leaving the later, more-traditional exploration stages for our partners, NGE plans to focus on leveraging its investment in groundwater chemistry exploration technology to identify and advance more new exploration properties, and to establish itself as a source of high quality, drill ready exploration properties for the mining industry.
For further information please visit our website at www.NevadaExploration.com or contact:
Wade A. Hodges,
President & CEO
Nevada Exploration Inc.
Tel: (775) 359-7740
Fax: (775) 359-7741
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 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.