Nevada Exploration Inc. announced that it has elected not to proceed with the non-brokered private placement announced on April 7, 2015, and instead the
company has entered into an agreement to complete a non-brokered private placement of up to $750,000 in aggregate proceeds. In addition and concurrently with the Offering, and subject to required approvals, the company intends to complete a share consolidation, bridge loan financing, shares for debt transactions, and corporate changes. Concurrently with the closing of the Offering, Dennis Higgs and Benjamin Leboe will be appointed to the Board of Directors of the company, and Cyrus Driver and Ken Tullar will resign as Directors of the company. Mr. Higgs has been involved in the financial and venture capital markets in the United States, Canada and Europe for over thirty years. He founded his first mining exploration company in 1983 and has since been involved in the founding, initial public listing, financing, and building of several companies including Arizona Star Resource Corp. and BioSource International Inc., both the subject of take-over bids. Mr. Leboe was most recently Chief Financial Officer of Uranerz Energy Corporation before that company merged with Energy Fuels. Mr. Leboe also served as Uranerz's Ethics Officer, Principal Accounting Officer and Senior Vice President of Finance.