Nevada Exploration appoints Kolebaba as president, CEO

Nevada Exploration Inc. has appointed Mark Kolebaba as president and chief executive officer of the company.

Mr. Mark Kolebaba reports

NEVADA EXPLORATION INC. APPOINTS NEW PRESIDENT AND CEO

Nevada Exploration Inc. has appointed Mark Kolebaba as president and chief executive officer of the company, effective immediately.

Mr. Kolebaba has been exploring for minerals since 1990. His experience ranges from early-stage projects and target generation through to conducting more advanced-stage activities related to defining mineral resources and subsequent project feasibility. Over his 30-plus years in the mineral business, Mr. Kolebaba has extensive experience exploring for commodities, including gold, diamonds, base metals and uranium, and has had the good fortune of being involved in discoveries including the Hope Bay gold deposits, several kimberlites forming the Ekati diamond mine and the development of over 20 million pounds of uranium resource in Nunavut.

Over his career, Mr. Kolebaba has shown an ability to raise significant capital as well as structure agreements to effectively acquire and explore projects. Prior to shifting his career to the junior mining sector in 2002, Mr. Kolebaba worked with major mining companies, including Cominco, BHP and BHP Billiton, during which time he explored for minerals on every continent.

Mr. Kolebaba remains involved with Adamera Minerals Corp., a company he co-founded to assemble and explore land with high-grade gold potential in Washington State near past-producing gold mines.

Mr. Kolebaba is replacing Darcy Higgs, who had been acting as interim chief executive officer since Dec. 31, 2023, and has resigned concurrent with Mr. Kolebaba's appointment. The board of directors of the company would like to thank Mr. Higgs for stepping in to help provide direction in the short term.

Subject to TSX Venture Exchange approval, the company has granted incentive stock options to officers, directors and consultants under its stock option plan, entitling them to purchase an aggregate of up to 1.95 million common shares of the company. The stock options are exercisable for a period of five years at an exercise price of 12.5 cents per share.

About Nevada Exploration Inc.

Nevada Exploration is a mineral exploration company focused on discovery. The company has a wide range of management and board of directors experience relating to several commodities and jurisdictions.