Nevada Organic Phosphate Closes $1,302,000 Tranche Of Unit Offering

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - September 26, 2025) - Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company") , a B.C. based leader in organic sedimentary phosphate exploration, is pleased to announce that, further to its news releases dated September 19, 2025, and September 23, 2025, it has closed the first tranche of its previously announced non-brokered private placement (the " Offering ") for gross aggregate proceeds of $1,302,000 (the " First Tranche ") through the issuance of 26,040,000 units of the Company (each, a " Unit ") at a price of $0.05 per Unit.

Each Unit consists of one common share in the capital of the Company (each, a " Share ") and one-half of one Share purchase warrant (each whole warrant, 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 ").

The aggregate proceeds of the Offering are anticipated to be used for a phase one drill program at the Company's Murdock Property and for general working capital. The drill program is anticipated to begin in early October and be completed by October 31^st. Fees of $91,250 were paid and 1,825,000 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-half of one finder's Share purchase warrant (each, a " Finder's Warrant "), with each whole Finder's Warrant entitling the holder thereof to purchase one additional Share (each, a " Finder's Warrant Share ") at a price of $0.10 per Finder's Warrant Share for a period of sixty months following the date of issuance.

Each Warrant and Finder's Warrant is 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.

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.

None of the securities sold in connection with the First Tranche have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.

Nevada Organic Phosphate Inc.

NOP is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale 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

MENAFN26092025004218003983ID1110117482