Nevada Exploration Inc. and Spruce Ridge Resources Ltd. Agree to Terminate the Fletcher Junction Option Agreement

Nevada Exploration Inc. (TSX VENTURE:NGE) ("NGE") announces that NGE and Spruce
Ridge Resources Ltd. ("Spruce Ridge") have agreed to terminate the Exploration
and Option to Enter Joint Venture Agreement ("Agreement") at the Fletcher
Junction gold project in Mineral County, Nevada. After completing two core drill
holes, totalling approximately 1,200 metres (4,000 feet), Spruce Ridge has
indicated that it believes the results do not lead to a vector that can be
easily followed with the resources Spruce Ridge has available. NGE has agreed to
accept a payment of $22,000USD from Spruce Ridge to settle Spruce Ridge's
outstanding obligations under the Agreement. With the termination of the
Agreement, Spruce Ridge retains no interest in the project.


Specifically, discussing its decision, Spruce Ridge reported: "The second
diamond drill hole at Fletcher Junction (FJ15) gave results very similar to the
first hole (FJ14); gravels overlying bedrock contained locally anomalous gold.
The bedrock, which (also like FJ14) comprised a sedimentary sequence composed of
reworked pyroclastic and epiclastic volcanic rocks, was assayed where there were
signs of silica-sulphide mineralization, and these sections yielded only minimal
gold values, but did contain anomalous silver, arsenic, mercury, molybdenum and
antimony, all pathfinder elements for epithermal gold systems, and all very
similar to the concentrations in FJ14. The results do not lead to a simple
vector indicating which direction to go towards the gold source; following up
these indications would have entailed a multi-hole core drilling program, with
each hole approximately 2,000 feet deep. The Company would require considerable
funding to meet its commitments and the dilution to existing shareholders would
be significant."


NGE wishes to thank Spruce Ridge for advancing the Fletcher Junction gold
project with these two very important drill holes. The significant intervals of
highly anomalous trace-element concentrations in the first drill hole showed few
visible marks and these important geologic units were only identified by the lab
assays results. Only approximately 40% of the core samples from Spruce Ridge's
second drill hole have been assayed. NGE plans to assay the remaining
approximately 60% of the second drill hole and to provide another project update
once it has updated the project's exploration dataset with these additional lab
results.


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 over 120 square kilometres (46 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.


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.
James Buskard
Vice President Corporate Development
1 [phone]
[e-mail]
www.nevadaexploration.com