NEW NADINA SEEKS $1.6 MILLION PRIVATE PLACEMENT
October 11, 2012 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA ”) subject to the approval of the TSX Venture Exchange, plans a non-brokered private placement of up to $1,600,000 comprised of $600,000 Flow-through proceeds and $1,000,000 non Flow-through proceeds. The Flow-through offering consists of up to 6,000,000 common shares at the price of 10 cents per common share. The non Flow-through offering consists up to 10,000,000 units wherein each unit at the price of
10 cents per unit consists of one common share and one half of one non-transferable warrant, where each one whole warrant shall entitle the holder to purchase one common share at the price of 15 cents per common share for up to 24 months. All shares issued or issuable are subject to a four month hold period from date of issue.
Proceeds are to be used for ongoing exploration at its 100% owned Silver Queen property where a 5,000 meter drill program is planned for 2012 and for general corporate purposes. Drilling in 2011 discovered the Itsit porphyry (Target B) with significant mineralized intersections carrying values in gold, copper and molybdenum. The Titan 24 geophysical program completed in March 2012 suggests that the Itsit porphyry is a body of considerable size that may include higher grade zones, the identification of which will be a major objective in the upcoming drill program. Targets A and C are both near surface targets being west and north of the Itsit porphyry. Assay results of the recent Itsit Copper-Molybdenum-Gold porphyry discovery are noted in the December 21, 2011 news release. This content has been reviewed and approved by Don MacIntyre, Ph.D., P.Eng., the Qualified Person on the Silver Queen project, as defined by National Instrument 43-101.
New Nadina announces that Larry Widmer has resigned from the Board of Directors. The Company thanks Larry for his years of contribution and wishes him all the best in his future endeavors.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information please visit the website at www.nadina.com
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”