MUX McEwen Mining Inc

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UNITED STATES


Nevada Exploration Inc. (TSX VENTURE:NGE) ("NGE") announces that it has received
formal notice of McEwen Mining Inc.'s ("MUX") election to withdraw from the
Generative Exploration Agreement (the "Agreement") under which NGE and MUX have
been working to advance new exploration targets in a 25,000 hectare (95 sq mi)
study area in Grass Valley in north central Nevada (the "AOI"). Under the
agreement, MUX established the Grass Valley Designated Property (the
"Property"). As provided by the Agreement, NGE has delivered notice to MUX of
NGE's desire for MUX to convey the Property to NGE by quitclaim deed, subsequent
to which NGE will hold a 100% interest in the Property.


The Project consists of approximately 59 square kilometres (23 sq mi) of
unpatented mining claims, and is located along the western side of Grass Valley
in central Nevada, approximately 16 kilometres (10 mi) south of Barrick Gold
Corp.'s Cortez Hills, the world's largest primary gold producer in 2011.


Since entering into the Agreement in February 2012, MUX and NGE have worked
together within the AOI and on the Property to: (1) collect groundwater, rock,
soil, and vegetation geochemistry samples; (2) map exposed range front geology;
(3) complete a detailed gravity geophysics survey; and (4) acquire and reprocess
historic seismic geophysical data. Earlier this year, MUX completed one 811
metre (2,660 ft) drill hole on the Property. Also in 2014, approximately 2,400
metres (8,000 ft) of drill cuttings and drill logs from six geothermal
exploration drill holes completed between 2005 to 2008 by a geothermal
exploration company) became available for public review. Five of the six
geothermal drill holes were located on the Property, and NGE is very pleased to
be able to incorporate this important geological data, together with the data
acquired by MUX and its drill hole, into the Project exploration dataset.


While only a very limited subset of the geothermal drilling was analyzed for
trace element geochemistry, NGE is very encouraged by the presence of
significant intervals of silicified limestone containing arsenopyrite and
"vuggy" silica, as well as anomalous arsenic concentrations ranging from 100ppm
to 534ppm over a large area. These values are significantly higher than the
arsenic concentrations found in the MUX drill hole. To maximize the value of the
data from the geothermal drilling, NGE expects to submit approximately 370 drill
samples from the geothermal drilling for complete geochemical analysis.


Discussing the transfer of ownership of the Property, and the recently acquired
drilling data, Wade Hodges, Chairman and CEO explains: "With each additional new
dataset, we believe more strongly that Grass Valley represents one of the most
compelling grass roots exploration projects anywhere, and we are excited to now
own 100% of the Property. In addition to the new data MUX collected on the
Property, the recently acquired geothermal drilling logs and cuttings give us
the opportunity to analyze the covered bedrock in the south end of the Property
without incurring any drilling costs. The results will add considerably to our
ability to vector the geology and geochemistry at the Property."


NGE expects to issue a further news release in the coming months once its
exploration team has completely analyzed the geothermal drill cuttings and
obtained all exploration data from MUX.


About Nevada Exploration Inc.

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 covered 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 interests in 135 square kilometres (52 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.


Wade A. Hodges, Chairman & CEO, Nevada Exploration Inc., is the Qualified
Person, as defined in National Instrument 43-101, and has prepared the technical
and scientific information contained in this News Release.


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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nevada Exploration Inc.
Wade Hodges
Chairman & CEO
1 (888) 263 2110
info@nevadaexploration.com
www.nevadaexploration.com

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