Land Holdings Increased At Awakening Project

VANCOUVER - Nevada Exploration Inc. reported project update for NGE's wholly owned Awakening Project, and to announce that it has increased its land holdings at the Project.  The results of NGE's integrated exploration program at Awakening have delineated a focused pediment target along a structural zone extending north from Paramount Gold & Silver Corp.’s Sleeper Gold Project, which produced a reported 1.6 million ounces of gold and 2.3 million ounces of silver from the mid-1980's to mid-1990's.  To fully secure the target, NGE has staked an additional 41 new unpatented mining claims at Awakening, for a total of 158 claims covering approximately 2,950 acres.

The Awakening Project is located due north of and immediately adjacent to the Sleeper Gold Project, in Humboldt County, Nevada.  NGE established a land position covering the Awakening target based on a regionally significant gold in groundwater anomaly that NGE identified as part of its generative hydro geochemistry exploration program.  Since acquiring the Project, NGE and its former joint venture partner Northgate Minerals Corp., have invested more than $2,000,000 to complete detailed hydro geochemistry, surface geochemistry, geologic mapping, geophysics (gravity, magnetic, and IP/resistivity), and wide spaced drilling (14 rotary holes and 7 core holes).  In addition to NGE and its exploration partner’s work, the current and previous operators of the Sleeper Gold Project and other nearby land holders have acquired and disclosed additional surface, geophysical, and drilling data in the district, as well as compiled, reviewed, and presented much of the historic data available for some of smaller past producing deposits in the adjacent Slumbering Hills.

Through a comprehensive review and integration of the exploration datasets available, combined with recent whole rock analysis of several Northgate drill intercepts of interest and an additional 2013 follow up hydro geochemistry sampling program, NGE believes that it has focused the exploration target at Awakening on a trend of magnetic lows that continue northward from the Sleeper Pit, which also sits on a magnetic low, along the projected extension of the fault zones known to control the hydrothermal alteration and gold mineralization at Sleeper.  These projected structures from Sleeper are coincident with the structural interpretations defined by the air magnetic geophysics and the high concentrations of gold in the groundwater at the Awakening Project, and together these features of exploration significance have defined a structural fabric and geochemical signature that narrow the area of exploration interest at the Project.

The wide spaced drilling to date on the Project has already successfully confirmed the presence of shallow, hydrothermally altered bedrock units at Awakening similar to those hosting the adjacent mineralization at Sleeper.  While these early wide spaced drill holes did not encounter potentially ore grade material, they did encounter intervals of weak to moderate oxidation, evidence of high angle structures, and anomalous gold and silver concentrations (including isolated samples with values up to 0.5 g/t gold and 30.5 g/t silver), which together support NGE's improved structural and geochemical interpretations.  NGE reported that it believes that the combined exploration datasets at Awakening define a focused target for follow up drilling at Awakening, and NGE is now evaluating options to complete the next phase of drilling either by itself or with an exploration partner.