Nevada Exploration Inc. Adds New Director
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/25/12 -- Nevada Exploration Inc. (TSX VENTURE: NGE) ("NGE") is pleased to announce the appointment of Mr. Antonio Ponte to the board of directors effective today.
Mr. Ponte is a Zurich based financial consultant with 40 years of experience in asset management, private banking, corporate finance, and venture capital. Mr. Ponte is currently the Founder and Chairman of Raifin SA, a corporate finance and investor relations consulting firm based in Switzerland. Prior to founding Raifin SA, Mr. Ponte worked for UBS, Citibank, and Finter Bank, all in Switzerland.
Wade Hodges, President and CEO: "We are delighted to welcome Antonio Ponte to the Board. His background complements the strengths of our existing directors, and his residency, personal relationships, and connections in Europe will help to raise the profile of NGE and its hydrogeochemistry exploration program in important new venues."
The Company also announces that, in accordance with the Company's stock option plan, it has granted to a director incentive stock options to purchase up to an aggregate of 500,000 common shares exercisable on or before September 25, 2017 at a price of $0.11 per share.
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 new gold projects, and with ownership interests covering more than 19,000 hectares (73 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.
Contacts:
Nevada Exploration Inc.
James Buskard
Vice President Corporate Development
1 (888) 263 2110
info@nevadaexploration.com
www.nevadaexploration.com
