Vancouver, British Columbia--(Newsfile Corp. - October 11, 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 it intends to complete a non-brokered private placement (the "Offering") of up to 10,000,000 units (each, "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000.

Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional Share (each, a "Warrant Share") at a price of $0.10 per Warrant Share for a period of sixty months following the date of issuance (the "Date of Issue"). Each Warrant will be subject to an acceleration provision providing that, if the volume weighted average price for the Company's common shares on the Canadian Securities Exchange (the "CSE", or such other exchange on which the common shares may be traded at such time) is equal to or greater than $0.25 for a period of ten (10) consecutive trading days at any time after the Date of Issue, the Company can accelerate the expiry date of the Warrants by disseminating a news release advising the holders of the acceleration and, in such case, the Warrants will expire on the thirtieth day after the date of such notice.

The aggregate proceeds of the Offering are anticipated to be used for advancement of the Company's Murdock Property and for general working capital. The Company may pay a finder's fee on a portion of the gross proceeds of the Offering. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the Date of Issue, as set out in National Instrument 45‐102 - Resale of Securities. The Offering remains subject to regulatory approval and the approval of the CSE.

The Company also wishes to announce that it has closed the private placement of units as detailed in its news releases dated March 18, 2024; June 6, 2024; July 23, 2024; August 20, 2024; and September 27, 2024, consisting of an aggregate of 7,480,000 units of the Company at a price of $0.05 per unit for gross aggregate proceeds of $374,000.

Nevada Organic Phosphate Inc.

NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.