Nevada Exploration Inc. ("NGE") announces extension of Series B warrants exercise period up to October 31, 2008



    MONTREAL, Aug. 28 /CNW/ - Nevada Exploration Inc. (TSX-V:NGE) ("NGE") has
extended the exercise period for the remaining, 3,019,500 Series B warrants
from August 27, 2008, to October 31, 2008. Each Series B warrant can be
exercised to purchase one common share of NGE for an exercise price of $0.60.
    Wade Hodges, President and CEO, explains that "NGE appreciates the
support of our early investors and has extended the exercise period to ensure
that they can participate in any positive results from the latest drilling."

    ABOUT NGE

    NGE is an exploration company focused on gold exploration in Nevada. NGE
is led by a highly experienced and historically successful exploration
management team. NGE has developed a proprietary groundwater chemistry
exploration technology, and is the first to complete a comprehensive survey of
Nevada's groundwater specifically for gold exploration. Management believes
that the results of NGE's groundwater chemistry program are significant in
that they are demonstrating that Nevada's known gold deposits exhibit
recognizable groundwater chemistry signatures. NGE has identified and acquired
exploration properties with similar groundwater chemistry and is now testing
whether such water chemical signatures can be followed "up stream" to discover
new gold deposits.

    The TSX-Venture Exchange has conditionally approved the extension of the
    Series B warrants of NGE as described in this press release but does not
    otherwise accept responsibility for the adequacy or accuracy of this
    press release.

    Wade A. Hodges is the Qualified Person, as defined in National Instrument
43-101, and is responsible for the preparation of 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.

    %SEDAR: 00023996E




For further information:

For further information: Wade A. Hodges, President, CEO & Director,
Nevada Exploration Inc., Tel: (775) 359-7740, E-Mail:
WAHodges@NevadaExploration.com

Organization Profile

NEVADA EXPLORATION INC.

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