Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce significant progress in the exploration of its flagship Murdock Property in Northeast Nevada. The property, renowned for its nearly flat-lying sedimentary bed of known phosphate mineralization, continues to show promising results.

"We are thrilled with the progress we've made at the Murdock Property," Robin Dow, CEO of Nevada Organic Phosphate Inc. reported. "These results not only underscore the significant drilling potential of our project, and its potential massive size, but also reinforce our commitment to environmental stewardship and sustainable practices. We are well-positioned to meet the growing demand for organic fertilizers in North America."

Key Highlights:

• Financial Milestones: Since January 2022, NOP has successfully raised $1,592,100 and incurred $994,961 in exploration expenditures. NOP is currently focused on a $500,000 private placement to fund ongoing exploration activities into 2025 and to strengthen its financial position.

• Positive Exploration Results: Geological surveys have confirmed the presence of high-quality phosphate mineralization across several new target areas within the Murdock Property permit areas. The strike length of the target phosphate zone at the Murdock Property has increased from approximately 6.6 to 33.4 kilometers.

• Targets: The initial 1,813-acre application is believed to host a potential Exploration Target Mineralization Inventory (ETMI) of 10 to 46 million tonnes of rock phosphate, with a grade ranging from 3-15% P2O5. This estimate is based on an average thickness of 3.5 meters and a specific gravity of 2.61.

• New Targets: Three new applications covering an additional 6,011 acres have been added, bringing the total ETMI potential to 200-220 million tonnes of rock phosphate.

These estimates are conceptual in nature and have not been verified by NOP according to current 43-101 standards of disclosure. Further exploration is required to define a mineral resource. It's important to note that these figures are based on previous workers' estimates and geological models, and further exploration will be necessary to confirm these potential resources.

• Drill Program: 2024 drilling was delayed by the BLM process being completed a week before the sage grouse habitat timing restrictions expired on November 1. Drilling is now planned on the main phosphate target mid-2025.

• Market Potential: With the North American organic food market valued at approximately $35 billion, NOP is poised to become a key supplier of certified organic rock phosphate, providing an essential nutrient for sustainable agriculture. NOP has the potential to be the largest, if not the only major supplier of Organic, direct application raw rock phosphate in North America.

• Sustainable Practices: In line with our commitment to environmentally responsible mining, our exploration timeline has been carefully revised to comply with environmental regulations and protect local wildlife habitats, including those of the sage grouse.