Nevada Exploration (NGE)

[december]

Nevada Exploration begins RC drilling at Fletcher


2007-11-12 08:35 ET - News Release

Mr. Daniel Pharand reports

NEVADA EXPLORATION INC. ("NGE") COMMENCES DRILLING AT FLETCHER JUNCTION, ACQUIRES ADDITIONAL LAND AND ANNOUNCES ITS ANNUAL SHAREHOLDERS MEETING

Nevada Exploration Inc. has started reverse circulation drilling operations started today at Fletcher Junction. Fletcher Junction is the property of merit described in NGE filing statement dated Feb. 16, 2007, produced as per National Instrument 43-101 and available on SEDAR.

Twenty drill sites have been permitted with the U.S. Forest Service. Up to 20, angle to vertical drill holes using a track-mounted reverse circulation drill are planned to maximum depths of 1,000 feet. The holes are located within an area of approximately 9,000 feet by 3,000 feet believed to source highly anomalous gold in groundwater flowing from beneath a 50- to 150-foot-thick cover of postmineral basalt. Operations have been planned not to be hampered by winter weather conditions so that the holes, averaging 600 feet deep, shall progress at the speed of 250 feet/day provided that difficult drilling conditions, mechanical problems and/or analytical delays are not encountered.

Land acquisition and exploration update

NGE currently controls mineral rights on nine properties through 1,479 unpatented mining claims staked on 41 square miles of BLM land and 3.5 square miles of leased private land. Staking of another 216 unpatented mining claims on another six square miles of BLM land is in progress and when complete will add another exploration property. NGE will then control more than 50 square miles of land in Nevada evidencing highly anomalous concentrations of gold in groundwater. Land acquisition is expected to continue on new exploration properties as identified by continuing reconnaissance groundwater sampling and on areas adjacent to some already acquired exploration properties.

Wade Hodges, chief executive officer of NGE, stated that: "NGE believes that the key to creating sustainable shareholder value lies in building a pipeline of exploration properties that all evidence highly anomalous gold in groundwater chemistry, to then use more conventional exploration methodologies as appropriate and to then drill them to effect discovery. Securing a drill rig to begin drill testing of each property has proven to be extremely difficult due to an industry-wide shortage of drillers and drilling equipment. However, with the start of drilling, NGE has passed another milestone toward turning good intentions into sustainable reality."

Annual report and shareholders meeting

NGE is also pleased to announce that it will hold a general and special meeting of its shareholders to take place on Nov. 30, 2007, 11 a.m. at the TSX Broadcast Center of the TSX Exchange Tower in Toronto.

Mr. Hodges is the qualified person, as defined in National Instrument 43-101, and is responsible for the preparation of the technical and scientific information contained in this press release.

We seek Safe Harbor.