Nevada Organic Phosphate Appoints Directors

NOP PR #23-02

Nevada Organic Phosphate Appoints Directors

Vancouver, British Columbia, June 13, 2023. Nevada Organic Phosphate Inc. (“NOP” or the “Company) (CSE: NOP), a BC based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce the appointment of Eric Szustak and Paul Pitman to the Board of Directors.

Paul Pitman, P.Geo

• Mr. Pitman is a field hardened veteran with extensive experience in all areas of geological exploration for a number of metals an materials. He has over 55 years’ experience as an exploration geologist. Since 1983 he acted as a geological consultant to over 70 clients; providing a full range of services (geological, corporate, and administrative); including being a former Director, Officer (VP or President) of several junior resource companies. Paul is semi-retired but directs his geological expertise as an advisor to several fertilizer companies.

Eric Szustak, CA

• Mr. Eric Szustak is a Chartered Public Accountant, CA with over 38 years of financial service, business development, marketing, accounting, and CFO experience. Mr. Szustak has worked at both small and large Accounting firms advising mid- sized Businesses. His background includes 14 years with three national brokerage firms Midland Walwyn, Merrill Lynch and BMO Nesbitt Burns in various positions, including private client wealth group, management & securities compliance.
• Mr. Szustak holds a B.A. Honors Chartered Accountant Studies and Economics from the University of Waterloo and received his Chartered Accountant designation in 1985. Mr. Szustak is the former President and now Chairman of Board of Quinsam Capital Corporation. Quinsam is a Public merchant bank based in Canada. The merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. His experience in the Public Markets includes being a Director of various Public Companies.

The Company also announces the resignation of Kristine Dorward as a director of the Company effective as of June 3. The Company wishes to thank Ms. Dorward for her devotion and service to the Company and wishes her well in her future endeavours.

The Company has also granted an aggregate of 700,000 stock options to its new directors, exercisable at $0.075 per share for a period of 5 years.

Nevada Organic Phosphate Inc.

NOP is a junior exploration company with an organic sedimentary raw rock phosphate bed, 8.25 kilometers long, in northeast Nevada. This is believed to be the only known organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California.

For More Information

Robin Dow, CEO

T: 604.355.9986 E: [email protected]

Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements and information (“FLSI”) within the meaning of applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions, estimates, forecasts, projections, guidance or other similar statements and information that are not historical facts. All statements which are not historical statements are considered FLSI. All FLSI is based on assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without limitation those risks and uncertainties identified in the Company’s public securities filings, which may cause actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers should not place undue reliance or value on FLSI. Although the Company believes that the expectations reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news release is expressly qualified in its entirety by this cautionary statement.