Nevada Organic Phosphate Hits Meade Peak on Hole MM26‑10, a 1.5 km Step-Out Along Strike at Murdock Mountain

Rhea-AI Summary

Nevada Organic Phosphate (CSE: NOP, OTCQB: NOPFF) reported that drill hole MM26‑10, a 1.5 km step‑out along strike at its Murdock Mountain project in Nevada, successfully intersected the Meade Peak horizon, extending the confirmed strike length of the Upper Phosphate Zone to over 3 km.

Preliminary core logging shows strong visual evidence of oolitic textures characteristic of the Upper Phosphate Zone, supporting the company’s geological model. The drill program has experienced delays from mechanical issues, crew availability, and cross‑border logistics, prompting a transition to a new drill contractor. Assay results and detailed intervals will be released once laboratory analyses are completed.

Positive

• MM26‑10 step‑out hit Meade Peak, extending confirmed strike to over 3 km
• Core logging shows oolitic Upper Phosphate Zone textures consistent with NOP’s geological model
• Oolitic Upper Phosphate Zone observed at numerous locations across three additional phosphate application properties
• Company interprets MM26‑10 intersection as meaningful de‑risking of the geological model and strike continuity

Negative

• 2025–26 drill program faced delays from mechanical breakdowns, intermittent drill crew availability, and cross‑border shipping constraints
• Shared water well use saw temporary drilling constraints as ranch water demand was prioritized during mid‑summer heat and drought
• Key economics remain unquantified as assay intervals and grades are still pending laboratory validation

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VANCOUVER, BC, Aug. 4, 2026 /PRNewswire/ -- Nevada Organic Phosphate Inc. ("NOP" or the "Company") (CSE: NOP) (OTCQB: NOPFF), a B.C. based leader in organic sedimentary phosphate exploration, is pleased to report that drill hole MM26‑10, a 1.5‑kilometre step‑out along strike at the Murdock Mountain project, has successfully intersected the Meade Peak, extending the strike to over 3 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.

Drill Hole Collar Coordinates

DDH	UTME	UTME_S	UTMN	UTMN_S	Elev	Elev_S	TD	Dip	Az
MM25-1		724411.46		4568960.50		1947.74	82.60	-90	0
MM25-2		724776.05		4569269.66		1897.11	125.73	-90	0
MM25-3		724352.51		4568765.27		1988.85	71.32	-90	0
MM25-4		724108.67		4568691.21		2013.43	99.67	-90	0
MM25-5		724108.67		4568691.21		2013.43	92.96	-65	120
MM25-6		723833.01		4568432.71		2020.39	78.30	-90	0
MM26-7	724388		4569071		1959		152.00	-90	0
MM26-8	724052		4568778		2043		128.00	-90	0
MM26-9	723798		4568545		2023		146.93	-90	0
MM26-10	722868		4567500		2181		215.04	-90	0
(all values are UTM NAD83, and in metres, "_S" denotes surveyed)

Robin Dow, CEO, 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 3 kilometres, marking meaningful progress in demonstrating continuity of the target strike."

Garry Smith, P.Geo., 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."

Smith continued: "NOP also shares a permitted water well with neighbouring ranch operations. Recent mid‑summer heat and drought conditions have temporarily increased local water demand for cattle, and ranch use has been prioritized for short intervals. We continue to coordinate 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 step‑out 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 step‑out represents meaningful de‑risking of the geological model. Demonstrating continuity of the Upper Phosphate Zone along strike is a foundational requirement for future evaluation work. Each assay-confirmed step‑out 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 Persons

The interpretive technical information in this news release has been reviewed and approved by Garry K Smith, P.Geo., 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, B.Sc. Geol. Eng., P. Geo., AIPG Certified Professional Geologist (CPG-11142), an independent, qualified person ("QP") as defined by NI 43-101.

Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF)

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 or the East Coast.

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.

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SOURCE Nevada Organic Phosphate Inc.

FAQ

What did Nevada Organic Phosphate (NOPFF) announce about drill hole MM26-10 at Murdock Mountain on August 4, 2026?

Nevada Organic Phosphate reported that MM26-10, a 1.5 km step-out hole, successfully intersected the Meade Peak horizon. According to Nevada Organic Phosphate, this extends the confirmed Upper Phosphate Zone strike length at Murdock Mountain to over 3 kilometres and supports its geological model.

Why is drill hole MM26-10 considered significant for Nevada Organic Phosphate (NOPFF) investors?

MM26-10 is considered significant because it intersected the Meade Peak horizon at a 1.5 km step-out. According to Nevada Organic Phosphate, this step-out extends confirmed strike over 3 km and represents meaningful de-risking of the geological model and strike continuity at Murdock Mountain.

What operational challenges has Nevada Organic Phosphate (NOPFF) faced in its Murdock Mountain drilling program?

The drilling program has faced delays from mechanical breakdowns, intermittent drill crew availability, and cross-border shipping constraints. According to Nevada Organic Phosphate, these issues prompted a transition to a new drill contractor to improve reliability and production on future phases of the Murdock Mountain program.

How are water access and local ranching activities affecting Nevada Organic Phosphate’s (NOPFF) drilling at Murdock Mountain?

Nevada Organic Phosphate shares a permitted water well with neighbouring ranch operations, which has temporarily prioritized cattle use during mid-summer heat and drought. According to Nevada Organic Phosphate, this created short-interval drilling constraints, but coordinated access is expected to improve as temperatures moderate and local contractors mobilize.

Are assay results available yet for Nevada Organic Phosphate’s MM26-10 drill hole and related prospecting?

Assay results for MM26-10 and broader prospecting are not yet available. According to Nevada Organic Phosphate, logging interval data and grades will be reported once laboratory assays are received, validated, and all samples from the current prospecting program have been reviewed together.

What does Nevada Organic Phosphate’s geological model say about the Upper Phosphate Zone at Murdock Mountain?

The company interprets the Upper Phosphate Zone as a laterally extensive, near flat-lying horizon within the Meade Peak Member. According to Nevada Organic Phosphate, oolitic textures seen in MM26-10 are characteristic of this zone and are being used to guide step-out drilling along strike.

How large is Nevada Organic Phosphate’s overall phosphate trend relative to the Murdock Mountain results?

Nevada Organic Phosphate reports an organic sedimentary phosphate bed about 6.6 km long, with additional applications extending potential strike to over 30 km. According to Nevada Organic Phosphate, MM26-10’s success supports the scale potential of this sedimentary system within that broader trend.