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2015 News Releases

Update of New Nadina Explorations Limited and Kettle River Resources Ltd. Arrangement

August 17, 2015 - New Nadina Explorations Limited (“New Nadina”) (TSX-V:NNA) and Kettle River Resources Ltd. (“Kettle River”) (TSX-V:KRR): Further to their joint news release dated
July 20, 2015 New Nadina and Kettle River have executed a binding arrangement agreement (the “Arrangement”) whereby New Nadina will acquire all of the outstanding common shares of Kettle River by way of a plan of arrangement under the Business Corporations Act (British Columbia). Upon completion of the Arrangement, it is anticipated that approximately 27,716,711 common shares of New Nadina will be issued to former Kettle River shareholders and as a result, Kettle River will become a wholly-owned subsidiary of New Nadina. Kettle River owns properties in the Greenwood Mining area in southern British Columbia, a fifty per cent interest in the Saskatchewan silica quarry and owns 43.37 per-cent of DHK Diamonds Inc, a privately owned company currently holding a participating 10.326% interest in the WO Diamond Joint Venture on the Northwest Territories.

Summary Terms of the Arrangement

Under the terms of the Arrangement, on the effective date of the Arrangement the shareholders of Kettle River will receive one (1) New Nadina common share for each Kettle River common share held (the “Share Exchange Ratio”). Based on the 27,716,711 common shares of Kettle River outstanding on the date hereof, Kettle River shareholders will receive under the Arrangement approximately 27,716,711 common shares of New Nadina representing approximately 24.7% of New Nadina's outstanding shares on completion of the Arrangement (based on New Nadina's 84,486,568 outstanding common shares on the date hereof).

The Arrangement has been reviewed by the independent special committees of both New Nadina and Kettle River, and was approved unanimously by the independent directors of both Kettle River and New Nadina. The directors and officers of Kettle River have also entered into voting support agreements with New Nadina under which they have agreed to vote all their Kettle River shares in favour of the Arrangement representing approximately 28% of the shares entitled to vote at the Kettle River annual general and special meeting, currently scheduled to be held on October 16, 2015.

The special committee and Board of Directors of Kettle River have received a Fairness Opinion from
Stephen W. Semeniuk, CFA that the New Nadina share consideration is fair from a financial perspective, to the shareholders of Kettle River. The Board of Directors of Kettle River unanimously recommends that the shareholders vote in support of the Arrangement.

The special committee and Board of Directors of New Nadina received a Fairness Opinion from Ross Glanville & Associates that the New Nadina share consideration is fair from a financial perspective to the shareholders of New Nadina.

The acquisition of Kettle River by New Nadina is expected to be completed by way of a court approved plan of arrangement in British Columbia on November 6, 2015.

The Arrangement provides for customary deal protection mechanisms, including non-solicitation and right to match, in favour of New Nadina. Pending completion of the Arrangement, Kettle River will not issue any debt, equity or equity like securities without the prior written consent of New Nadina.

Closing Conditions

The closing of the Transaction will be subject to completion of several conditions, including:

  • There shall have been no change, condition, event or occurrence which has or is reasonably likely to have a material adverse effect on Kettle River;
  • The Transaction and plan of arrangement will be subject to approval by the shareholders of Kettle River voting as a single class, at an annual general and special meeting of shareholders; and
  • Receipt of all necessary approvals to the Arrangement, including from the TSX Venture Exchange, and the approval of the Supreme Court of British Columbia after a hearing upon the fairness of the Arrangement.

No assurance can be given at this time that the proposed Arrangement will be completed, that the conditions to closing will be satisfied or that the terms of the Arrangement will not change materially from those described in this news release.

Kettle River security holders and New Nadina shareholders and all other interested parties are advised to read the proxy materials relating to the proposed Arrangement that will be filed by Kettle River with securities regulatory authorities in Canada when they become available. Anyone may obtain copies of these documents when available free of charge at the Canadian Securities Administrators' website at www.sedar.com, under Kettle River’s profile.

This announcement is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell the shares or a solicitation of a proxy.

On Behalf of New Nadina’s Board                     On Behalf of Kettle River’s Board

“William Meyer”                                                                     “Stephen Levano”

William Meyer                                                                          Stephen Levano

Director                                                                                    Director

For further information contact Ellen Clements at 1-800-856-3966.

Neither 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.


2108 AGM voting results and Silver Queen map update

24-01-2018 Hits:410 2018 News Releases Nadina

JANUARY 24, 2018: VANCOUVER, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX VENTURE: NNA) is pleased to announce the matters voted upon and the outcome of the votes at the annual and special meeting of the shareholders of New Nadina Explorations Limited (the "Company") held on January 22, 2018 in Vancouver, British Columbia: Appointment of Auditors Davidson & Company LLP, Chartered Accountants were appointed as the auditors of the Company...

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2017 Drilling - Silver Queen Project

18-01-2018 Hits:513 2018 News Releases Nadina

January 18, 2018 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA). The Company provides assay results on drill hole 17S-03. Drill Hole 17S-03 The purpose of this hole was to test the structure of the easterly apophysis of the main ‘Blue Target’ as a potential feeder for the ‘Sister Vein’ recognized at deeper levels in 12S-05. This apophysis is located outside the central caldera, north of the Cu-Mo porphyry...

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2017 Drilling October - November Silver Queen Project

29-12-2017 Hits:1242 2017 News Releases Nadina

December 29, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA). The Company provides assay results on drill holes 17S-01 and 17S-02 with 17S-03 to follow as soon as available.  Figures showing drill hole information will be posted to the website (2017 Drill program images.pdf). The standards had Cu reported by method UT2 (Aqua Regia Partial Extractions) in the 0.8 – 1.2% range, and, therefore, 33 samples, including...

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