New Nadina completes funding Tranche 3 - $155,000

New Nadina Explorations Limited TSX-V-NNA Box 130, 298 Greenwood Street Greenwood BC V0H 1J0 Phone (250) 445 2260, Toll Free 1 800 856 3966 Fax (250) 445 2259

News Release

New Nadina completes funding Tranche 3 - $155,000

November 2, 2010: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) has closed the third Tranche of a non brokered private placement financing.

The third Tranche consists of 800,000 Flow-Through units for proceeds of $80,000 with associated warrants issued can purchase up to 400,000 common shares at 15 cents for 24 months expiring October 28, 2012 and 750,000 non-Flow Through units for proceeds of $75,000 with associated warrants issued can purchase up to 750,000 common shares at a price of 10 cents for the first 12 months and a price of 15 cents for the next 12 months. Shares issued cannot be traded before March 1, 2011.

The Private Placement is now completed for total issue of 6,500,000 Flow Through units and 2,000,000 non-Flow Through units with total proceeds of $850,000 comprising $650,000 Flow Through units and $200,000 Non Flow Through units, as per TSX bulletins dated August 24, September 17 and October 28, 2010.

Proceeds will be used for the 2010 exploration program on the Company’s 100% owned Silver Queen property south of Houston BC and general corporate funds. The private placement has received the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD “Signed”

Ellen Clements, President and Chief Executive Officer Contact Ellen Clements: 250 444 1005

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”