Corporate PresentationOctober 2019

DisclaimerThis Presentation contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the timing and nature of estimated future exploration, success of exploration activities, and potential transactions and ventures discussed. 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.

Wade A. Hodges, CEO of Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and hasprepared the technical and scientific information contained in this Presentation.

TSX.V:NGE; OTC.QB:NVDEF

Listed: 2007

Market Cap: CA$20M

Issued & Outstanding: 89M

Fully Diluted: 110M

Insider Ownership: 28%

Nevada Exploration Inc.Proven team of Nevada explorers (+50 Moz)

Applying latest exploration technologies

Exploring for Tier 1+ Carlin-type gold deposits

Three district-scale projects (150 km2)

40 years Nevada experienceSr. Exploration Manager, Santa Fe Pacific GoldInvolved in discovery +30 Moz of gold in Nevada

Wade A. HodgesM.Sc., P.GeoCEO & Director

30 years Nevada experienceInvolved in discovery 7 Moz of gold in Nevada

Kenneth N. TullarB.Sc., P.GeoCOO

38 years of international experienceGlobal Porphyry Copper Exploration Manager, BHP

Dr. John E. LarsonPh.D.Director

James BuskardMBA, BESPresident

GoldrushTwin CreeksLone TreeRosebudMule CanyonElder CreekGoldbarEasy JuniorCove McCoyWildcatMtn. ViewGoldfieldNew Aurora

+50 Moz of Gold in Nevada

15 years Nevada experienceLeader in undercover exploration technologies

28 years of international experienceChief Geochemist Global, and Chief Geologist South America, BarrickMember of Barrick’s discovery team at Goldrush

Simon GriffithsM.Sc.Technical Advisor

Proven technical team

> 600 Au mines> 100,000 prospects

13.7

9.7 8.7

5.6 5.3 4.9 4.4

China Australia Russia NEVADA Canada Peru SouthAfrica

Annual Gold Production(2017 Moz)

Nevada

1.4 1.3 0.5

19.4

0.53.8 3.6

China Australia Russia NEVADA Canada Peru SouthAfrica

Gold Production/Area(2017 oz/km2)

80%From 3 Camps

Carlin: 119 Moz AuCortez: 44 Moz AuGetchell: 38 Moz Au

+ +

0

1

2

3

4

5

6

7

8

9

10

1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025

Nevada AnnualGold Production

(Moz/year)SOURCE: NBMG

1998: 8.9 Moz

-40 %

< 20 years

107.8 MozReserves

2017: 5.6 Moz

ChallengeOpportunityFuture

30% 25%45%

70% 75%55%

CANADA AUSTRALIA

NEVADA

Under Cover

85%GLOBALEXPLORATIONBUDGET

Und

er C

over

The biggest prize in the industry

55%Conventional tools

don’t work where you can’t see the rocks

>200Produced to date

Moz Au

New detection technology

Better Analytical Tools Lower Detection Limits New Sampling Media

GROUNDWATERThe universal solvent

Then Now

HR-ICP-MS

New Lab Technology

Footprint10x > deposits

Building a new undercover toolkit

10x

1/10ththe samples

Biggerfootprints 1/100th

borehole cost

Radical ↑Area evaluated / dollar

Groundwater programs around the worldIndustry leaders

CSIRO

First QuantumAnglo American Chile & Phelps Dodge

Nevada Exploration

Cortez Hills

Grass Valley, Nevada

NGE Groundwater ProgramWorld’s largest program

>6,000 groundwater samples mostlyfrom purpose-drilled sampling bores

Tested around >30 known gold mines

Built database of new exploration targets

Advancing 3 district-scale CTGD projects

Kelly Creek

Grass Valley

South GrassValley

samples

366 Samples(mostly purpose-drilled)

Gravity survey (2018)488 survey points; 175 km2

Air magnetic survey (2018)991 line-km; 124 km2

Infill hydrogeochemistry (2018-19)213 groundwater sampling boreholes

Soil geochemistry (2018-19)1,650 samples along 24 sample lines

Detailed mapping (2019)

Strat. orientation drilling (2018-19)10 deep core holes (avg. depth 550 m)

South Grass ValleyCortez HillsPipeline

2018-19 Core Drill Holes3.7 km NNW-SSE

Goldrush / Fourmile

Results from initial wide-spaced core holesConfirmed geologic modelComplex structural framework, with continuation of mapped thrust/fold system cut by high angle faulting in thick sequence of lower-plate carbonates beneath Roberts Mountains Thrust

Improved rock preparation with hornfels and marble along margins of major Mesozoic intrusive

Confirmed presence of large Carlin-type mineral systemBleaching, decalcification, argillization, calcite and barite veining, intense multi-phase silicification

Multiple-phase stratabound, structurally-controlled, and breccia-hosted sulfide & oxide mineralization containing sooty, fine-grained, secondary pyrite and elevated Au, Tl, Sb, Hg, As

Air Magnetic Geophysics Gravity Geophysics

1km N

Mercury in Soils

1km N 1km N

South Grass Valley

Volcanics

UpperPlate

Granite

Mapped faults Interpreted faults from geophysics and drilling

Gold in Groundwater Antimony in Groundwater

1km N

Thallium in Groundwater

1km N 1km N

South Grass Valley

Volcanics

UpperPlate

Granite

Lower Plate

A new district-scale mineral systemCharacteristic Carlin-type geologic model:multiple structural trap sites in reactive, favorably-prepared, CTGD host lower-plate carbonate sequence, significant brecciation

District-scale Carlin-type mineral system:+3.5 km alteration in bedrock with significant 18O isotope depletion, +8 km of elevated Au, Tl, Sb, Hg, and As in soils and groundwater

Timing of mineralization: pre-34 Ma

Geologic model and geochemistry have defined four targets with the potential to host a cluster of significant CTGDs1

kmN

Volcanics

Volcanics

UpperPlate

Granite

Initial 11 Core Holes

South Grass Valley Camp

Betze (40 Moz)

Screamer (5 Moz)

Genesis (3 Moz)

Carlin (5 Moz)

Meikle(7 Moz)

Post (5 Moz)

Deep Post (4 Moz)

WestLeeville(3 Moz)80 Moz

Little BoulderBasin Stock

Goldstrike StockGrass Valley

Stock

Freddie

GoldenGorge

Waterfall

WaterCanyon

Led by proven team of explorers (+50 Moz)

>200 Moz projected residual endowment in bedrock covered beneath Nevada’s valleys

NGE only explorer that has built completeundercover toolbox to explore for CTGDs

NGE has 15 year head start on industry

Pipeline of 3 district-scale projects (150 km2)

2019: drilling validated exploration model

Future of gold in Nevada

55%