Nevada Organic Phosphate Closes Fourth Tranche of Unit Offering Seite 1

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2024) – 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 releases dated March 18, 2024, June 6, 2024 and July 23, 2024, it has closed the fourth tranche
of its previously announced non-brokered private placement (the “Offering“) for gross aggregate proceeds of $75,000 (the “Fourth Tranche“) through the issuance of 1,500,000 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 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 $0.10 per Warrant Share for a period of sixty months following the date of issuance.