URZ3 ENERGY CORP - NVDEF STOCK NEWS

URZ3 Energy Corp. has officially changed its name from Nevada Exploration to reflect its shift in focus. The company's securities now trade under the symbol 'URZ' on the TSX Venture Exchange and 'NVDEF' on OTCQB.

URZ3 Energy holds a 35,467-hectare uranium property in the Athabasca Basin, Saskatchewan, and plans to acquire more uranium properties in North America. Additionally, the company retains valuable gold assets in Nevada and a proprietary groundwater exploration methodology for future use.

Nevada Exploration has applied for a name and trading symbol change to reflect its diversification into uranium. The company will be rebranded as URZ3 Energy Corp., with the new symbol 'URZ' on the TSX Venture Exchange starting June 13, 2024. Shares on the OTCQB will continue to trade under 'NVDEF'. The change aims to align with the company's new focus while retaining its core gold assets in Nevada. No actions are required from existing shareholders for this transition, and there will be no change in the company's capitalization. The new CUSIP number is 91733V104 and the new ISIN is CA91733V1040.

Nevada Exploration has formed an Advisory Board comprised of former Uranerz Energy professionals. The team includes Dr. Gerhard Kirchner, Glenn Catchpole, Arnold Dyck, and Paul Saxton, all previously involved in major uranium projects. Uranerz was acquired by Energy Fuels in 2015 for $350 million. Dr. Kirchner has extensive experience in mine development and management, including the discovery of the Key Lake uranium deposit. Glenn Catchpole has been active in the uranium solution mining industry since 1978. Arnold Dyck has significant financial expertise in uranium-related contracts. Paul Saxton has considerable experience in mining operations and corporate leadership. The Advisory Board will enhance Nevada Exploration's strategic capabilities, particularly in uranium exploration and development.

Nevada Exploration Inc. has appointed Mr. Mark Kolebaba as its new President and CEO, effective immediately. Mr. Kolebaba brings over 30 years of experience in mineral exploration, having been involved in significant discoveries of gold, diamonds, base metals, and uranium. The Company also granted incentive stock options to key personnel.

Nevada Exploration Inc. acquires 35,467 hectares of mineral claims in Saskatchewan, securing 100% ownership for CAD$40,000. The claims are strategically located in the Athabasca Basin, offering significant potential for mineral exploration.

Nevada Exploration Inc. (NVDEF) successfully closed a private placement offering, issuing 5,500,000 units at $0.11 per unit, raising $605,000. The units consist of a common share and a purchase warrant. The offering includes an option to accelerate warrant expiry. The company paid finders' fees of $12,449. The funds raised will be used for general working capital.

Nevada Exploration Inc. (NVDEF) increases its private placement due to excess demand, raising it from C$550,000 to up to C$605,000. The Company plans to offer 5,500,000 units at C$0.11 per unit, with each unit consisting of a common share and a warrant. The proceeds will be used for general working capital purposes, subject to regulatory approvals and hold periods.

Nevada Exploration Inc. announces assays for drillhole SGVC014A at its South Grass Valley property, addition of directors, property acquisition negotiations, and a private placement financing. The drillhole provided a 243-meter-thick sample of the Hales below the Goodwin contact, showing low concentrations of Carlin-type pathfinders. The Company is negotiating to acquire a property in Saskatchewan and welcomes Sandra MacKay and Todd Hilditch to the Board of Directors.

Nevada Exploration Inc. (NGE) announces the retirement of Anne Labelle as president, CEO, and director, effective December 31, 2023. Darcy Higgs has been appointed as the interim CEO. The company expresses gratitude to Ms. Labelle for her service and wishes her the best in her future endeavors.