VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2012) - Nevada Exploration Inc. ("NGE") (TSX VENTURE:NGE) is very pleased to announce the appointment of Dr. John E. Larson to its Board of Directors. Dr. Larson brings 35 years of international experience in exploration, development, and mining, and has worked with both major international companies and junior explorers, as well as with government geological surveys, including 16 years with BHP and BHP Billiton in various international locations, holding positions as Manager, North America Copper Exploration; Manager, Global Porphyry Copper Exploration; and Manager, Latin America Exploration. During his career, exploration team successes include: the La Choya and La Trinidad gold deposits in Mexico; HD Summit, Big Ledge, Snoose Creek, and Loomis Creek barite deposits in Nevada; and the Santo Domingo copper-iron-gold deposit in Chile; as well as successful in-mine and brownfields exploration programs at: Bounty gold deposit, Western Australia; Rosebery Mine, Tasmania; Century Mine, Queensland; Escondida Mine, Chile; and Isla Riesco coal project, Chile. Mr. Larson holds advanced degrees in geology and chemistry from the University of Western Ontario (M.Sc.) and the Colorado School of Mines (Ph.D.).
Wade Hodges, President and CEO: "John brings an impressive track record of creating value by moving projects forward, as well as broad training and experience in geology and geochemistry, and we are very pleased to welcome him to our team. John is well connected and respected within the industry, and we look forward to working with him to leverage our property portfolio and hydrogeochemistry technology to create value and to attract new exploration partners."
In accordance with the NGE's stock option plan, NGE has granted Dr. Larson director incentive stock options to purchase up to an aggregate of 500,000 common shares exercisable on or before December 4, 2017, at a price of $0.12 per share.
Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an experienced management team that has been involved with the discovery of more than 30 million ounces of gold in Nevada.
NGE is aggressively applying the latest in "blind deposit" exploration technology to identify, acquire, and advance new exploration properties in Nevada's highly prospective, yet underexplored covered basins. Specifically, NGE has developed proprietary hydrogeochemistry (groundwater chemistry) exploration technology to explore for gold in Nevada's covered basins where traditional exploration techniques are challenged.
Using its industry leading exploration technology, NGE has assembled a portfolio of nine new gold projects, and with over 20,000 hectares (75 sq mi), is evolving as a major player in this world class jurisdiction. NGE's business model is to leverage its properties and technology to create shareholder value through generative exploration, joint ventures, and other exploration partnerships.
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.
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.