New Nadina Explorations: 2018 Drilling completed at Silver Queen

GREENWOOD, BRITISH COLUMBIA / July 23, 2018 / JMN Wire / New Nadina Explorations Limited (the "Company", TSX VENTURE: NNA) is pleased to announce it has completed a three hole drill program at its 100% owned Silver Queen property near Owen Lake BC.

Drilling commenced May 17, 2018 and 3,052.5m was completed by the first week in July. Unfavorable weather and drilling technical difficulties contributed to the slow completion of the program. Three holes in total were completed (with one abandoned due to excessive hole deviation). All three holes were targeting the “Blue Zone”, which is a conductivity anomaly outlined by IP geophysics.

The first hole, 18S-01, has had all assays returned. This hole was drilled from the north side of the target at an azimuth of 127^o and a dip of 45^o, with a total depth of 1122m. Unfortunately, the hole began to shallow, resulting in excessive deviation and the objective of penetrating the “Blue Zone” was missed, only skimming the edge of the geophysical anomaly. Although there are zones of anomalous values at various intervals in the hole, overall, it was disappointing in that the “Blue Zone” anomaly was missed.

Significant assay intervals are:

Note: Au is by FA-AA, other elements are by ICP-OES+MS, then assay grade peroxide fusion ICP-OES except Ag which is gravimetric.

Based on the results of this round of sampling, the core was re-examined, and subsequently, more samples have been taken and those results are still pending, along with the results from the remaining two holes.

The locations of the drill holes are shown is Figure 1:

 and a section of hole 18S-01 is shown in Figure 2:

Gary Wong, P.Eng., a Qualified Person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,

President and Chief Executive Officer

For further information please visit the website at www.nadina.com 

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