Nevada Organic Phosphate Closes $225,900 Tranche of $300,000 Unit Offering

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Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - 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 that, further to its news release dated May 13, 2025, it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") for gross aggregate proceeds of $225,900 (the "First Tranche") through the issuance of 7,530,000 units of the Company (each, a "Unit") at a price of $0.03 per Unit.

Each Unit consists 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 $0.05 per Warrant Share for a period of sixty months following the date of issuance.

The aggregate proceeds of the First Tranche are anticipated to be used for advancement of the Company's Murdock Property and for general working capital. Fees of $15,090 were paid and 503,000 finder's units were issued (the "Finder's Units") to certain finders in connection with the First Tranche. Each Finder's Unit consists of one Share and one finder's Share purchase warrant (each, a "Finder's Warrant"), with each Finder's Warrant entitling the holder thereof to purchase one additional Share (each, a "Finder's Warrant Share") at a price of $0.05 per Finder's Warrant Share for a period of sixty months following the date of issuance.

Each Warrant and Finder's 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 $0.08 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.

All securities issued in connection with the First Tranche are subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities. The Offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange ("CSE").