Nevada Exploration Inc. provided an update from its ongoing core drilling program at its South Grass Valley Carlin-type gold project (the “Project”). Specifically, the Company reports that: Based on the latest information from its late-2021 relogging efforts, NGE has reoriented SGVC013 to better sample the Water Canyon structural corridor and targeted Clm bedrock unit; SGVC013 is currently at a depth of 550 metres and has been surveyed to confirm that it is on track to intersect the targeted features; and SGVC013 has not yet entered the Paleozoic “lower plate”, suggesting that the bedrock units in SGVC013 have been dropped down relative to SGVC004 to the east, supporting the projection of a regional-scale structural corridor cutting through this area of the Project, which represents a critical component needed to support a large Carlin-type gold district. Discussing the program, NGE President, James Buskard: “Similar to SGVC012 at the north end of the Project, objectives with SGVC013 at the south are to sample the Clm host unit and the Water Canyon structural corridor - the intersection of which defines primary East Golden Gorge target - in an area where this favourable geologic setting has been squeezed along the margin of the Grass Valley Stock.