Oversubscribed News Release July 12, 2016 Nevada Exploration Inc. Announces Closing of Oversubscribed Financing Nevada Exploration Inc. (NGE or the Company) (TSX-V: NGE; OTCQX: NVDEF) is pleased to announce that it has closed, subject to final TSX Venture Exchange approval, the non-brokered private placement offering announced on June 23, 2016 (the Offering), having increased the size of the Offering from 4,285,715 units to 5,000,000 units (the Units) at a price of $0.35 per Unit (the Offering), for total gross proceeds of $1,750,000. NGEs President James Buskard comments: We are very pleased by the strong support we are receiving for our gold exploration program in Nevada. With these funds, we are well positioned to deliver on a comprehensive 2016 exploration program, the highlight of which will be the commissioning of our own truck-mounted small diameter reverse circulation drill rig, which we understand to be the first such rig in Nevada. With its commissioning, we expect to radically reduce the cost of early stage drilling in Nevada, and by continuing to lower the costs of exploring Nevadas highly prospective yet under-explored covered basins, our goal remains to maximize the Companys exposure to the upside of discovering new gold deposits in Nevada. Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.60 for a period of 18 months. All securities issued are subject to a four month plus one-day hold period expiring November 13, 2016. Proceeds from the offering will be used to advance NGEs exploration projects, as well as for general working capital. In connection with the Offering, the Company paid finders fees totalling $30,392.25 in cash and 147,600 Units.