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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 178,923,541
Close 2026-08-04 C$ 0.12
Market Cap C$ 21,470,825
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Nevada Organic's hole MM26-10 intersects Meade Peak

2026-08-05 00:34 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE HITS MEADE PEAK ON HOLE MM26-10, A 1.5 KM STEP-OUT ALONG STRIKE AT MURDOCK MOUNTAIN

Nevada Organic Phosphate Inc.'s drill hole MM26-10, a 1.5-kilometre stepout along strike at the Murdock Mountain project, has successfully intersected the Meade Peak, extending the strike to over three kilometres. Preliminary core logging indicates strong visual evidence of the upper phosphate zone's oolitic textures, consistent with the company's geological model. Logging interval information will be reported once laboratory assay results are received and validated.

Robin Dow, chief executive officer, commented: "MM26-10 intersecting the Meade Peak with clear indications of the oolitic upper phosphate zone is a significant milestone for NOP. This hole extends our confirmed strike length to over three kilometres, marking meaningful progress in demonstrating continuity of the target strike."

Garry Smith, PGeo, director, added: "This drill program has faced unavoidable delays related to mechanical breakdowns, intermittent drill crew availability and cross-border shipping constraints. As a result, the company is transitioning to a new drill contractor to ensure improved reliability and production going forward."

Mr. Smith continued: "NOP also shares a permitted water well with neighbouring ranch operations. Recent midsummer heat and drought conditions have temporarily increased local water demand for cattle, and ranch use has been prioritized for short intervals. We continue to co-ordinate respectfully with local stakeholders to maintain responsible shared access. As temperatures moderate and locally based drill contractors make equipment and crews available, we expect drilling productivity to improve significantly."

The company's exploration team continues to actively prospect for extensions to the upper phosphate zone across its three additional phosphate application properties. Early field observations have confirmed the presence of the oolitic upper phosphate zone at numerous locations predicted by NOP's geological model. Assay results will be released at the conclusion of the prospecting program, once all samples have been received and reviewed.

Geological model context

NOP's geological model interprets the upper phosphate zone as a laterally extensive, nearly flat to flat-lying sedimentary horizon within the Meade Peak member of the Phosphoria formation. The oolitic textures observed in MM26-10 are characteristic of the upper phosphate zone and serve as a key visual indicator of the target stratigraphy. Note: Actual intervals and grades will be determined by laboratory assay results once received and validated. Continued stepout drilling is designed to test strike continuity and refine true-thickness controls across the broader Murdock Mountain trend.

Why MM26-10 is significant

The successful intersection of the Meade Peak horizon at a 1.5-kilometre stepout represents meaningful derisking of the geological model. Demonstrating continuity of the upper phosphate zone along strike is a foundational requirement for future evaluation work. Each assay-confirmed stepout increases confidence in the scale potential of the sedimentary system and supports NOP's strategy of advancing a clean, low-contaminant organic phosphate project, aligned with emerging U.S. critical mineral, agricultural and regulatory trends.

Qualified person

The interpretive technical information in this news release has been reviewed and approved by Garry K. Smith, PGeo, a director and qualified person, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Core logging and assay results (when available) in this news release are approved by independent qualified person Kenneth Tullar, BSc (geological engineering), PGeo, AIPG certified professional geologist (CPG No. 11142), an independent, qualified person as defined by NI 43-101.

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeastern 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, Nev., and near the railhead to California or the East Coast.

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