|By Marketwired .||
|March 2, 2014 10:46 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/02/14 -- Nevada Exploration Inc. (TSX VENTURE: NGE) ("NGE") is pleased to announce the promotion of James Buskard from Vice President Corporate Development to President and the appointment of Wade Hodges as Chairman. In addition to his role as Chairman, Wade Hodges remains CEO.
Mr. Buskard joined NGE's exploration team in 2004 with a background in applied hydrogeochemistry and spatial modeling, and he was a key member of the Company's sampling team responsible for completing the first systematic hydrogeochemistry survey of Nevada specifically for gold exploration. In addition to his ongoing technical role, since the Company's going public transaction in 2007 Mr. Buskard's responsibilities have broadened to include property transactions, corporate finance, and corporate governance.
Discussing Mr. Buskard's promotion, Wade Hodges, CEO & Chairman: "James understood the promise of the company's exploration concept and welcomed the opportunity to join our original exploration team nearly ten years ago. Each year James's role with the Company has grown and he has played an integral role in designing the corporate infrastructure, building the professional support team, and attracting the financial resources that have allowed NGE to advance its industry leading hydrogeochemistry technology. With this promotion, we are very pleased to formally recognize James's important role in the future of the Company."
In accordance with NGE's stock option plan, subject to TSX Venture Exchange Approval, NGE also announces that it has granted incentive stock options (the "Options") to purchase up to an aggregate of 3,050,000 common shares to officers and directors of the Company exercisable on or before March 2, 2019, at a price of $0.10 per share.
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.
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.