NGE Nevada Exploration Inc

Nevada Exploration Inc. ("NGE") (TSX VENTURE:NGE) is pleased to announce that
McEwen Mining Inc. ("McEwen Mining") has elected to designate a new gold project
in Grass Valley, Nevada, as a Designated Property according to the generative
Exploration Agreement previously announced on February 27, 2012. The Grass
Valley 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 (Figure 1: to view, please click the following link:
http://media3.marketwire.com/docs/nge924-F1.jpg), the world's largest primary
gold producer in 2011. 


As per the terms of the Exploration Agreement, McEwen Mining has granted NGE a
30% carried interest in the Grass Valley Designated Property and paid NGE
$73,500 USD. McEwen Mining is the project manager, has sole discretion on the
nature and timing of all exploration and development activities, and is solely
responsible for payment of all costs incurred in respect of the project. If
McEwen Mining elects to continue to maintain the Grass Valley Designated
Property, McEwen Mining will pay NGE $100,000 USD on the first through fourth
anniversaries of acquiring the Designated Property, and then $250,000 USD on
each subsequent anniversary. If McEwen Mining completes a Production Decision
Report on the Designated Property that McEwen Mining deems sufficient to base a
decision to commence production, the Designated Property will advance under a
Joint Venture agreement, at which time both parties will be required to fund
their pro rata share of project expenditures or be diluted. If either party's
interest is diluted below 10%, such party's interest converts to a 2% NSR.


Grass Valley Property

NGE identified the Grass Valley target during its hydrogeochemistry sampling
program completed as part of the generative Exploration Agreement with McEwen
Mining. This previously unexplored, broad, elongate target area is coincident
with a NNE lineament of upwelling groundwater that contains anomalous
concentrations of gold and other trace elements associated with Carlin-type
mineralization (e.g As, Sb and Tl), which suggests a possible underlying
mineralized NNE trending structural zone. This inferred fault system lying along
the west side of Grass Valley and controlling the anomalous hydrogeochemistry
projects northward to the Cortez Hills Breccia Complex where the structural
controls to mineralization and deep oxidation are still under investigation.


Four miles to the west of the Grass Valley Project, mineralized Lower Plate host
rocks are exposed as a window through Upper Plate rocks at the Toiyabe mine
site, a small Carlin-type gold deposit that produced approximately 89,000 ounces
of gold from three small pits. Several of the SSE-trending folds exposed in the
Toiyabe Mountains, and laying parallel to the Cortez-Battle Mountain Trend,
project from the east flank of the Toiyabe Mountains to beneath the Grass Valley
Property where they are cut by the major NNE-trending fault zone(s) inferred
from the anomalous hydrogeochemistry.


Regional gravity data suggests the bedrock at the Grass Valley Project is
covered by a thin veneer of sand and gravel to an estimated depth of
approximately 100 metres (300 feet), which suggests both favourable exploration
conditions and production economics should the project result in an economic
discovery.


The combination of: (a) inferred NNE structures projecting from the Grass Valley
Property to the Cortez Hills Breccia Complex; (b) SSE trending fold structures
associated with the mineralized lower plate bedrock at the Toiyabe Mine
projecting beneath the Grass Valley Project; (c) the expected shallow bedrock;
and (d) the presence of elevated concentrations of gold and other trace elements
associated with Carlin style mineralization in the groundwater at the Grass
Valley Project together define a compelling new exploration target in an area of
Nevada known for large, world class gold deposits, and NGE is very pleased to be
working with McEwen Mining to advance the project.


For more information about NGE's regional exploration program, which was
responsible for identifying the Grass Valley Property, please refer to the
presentations and material available on NGE's website:
http://www.nevadaexploration.com/investor_info/presentations/


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 "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.


Wade A. Hodges, President & 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. 


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.

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