Nevada Clean Magnesium Inc. (TSXV: NVM; OTC Pink: MLYFF; Frankfurt-M1V) (“NevadaCMI”), is pleased to report the engagement of Hanover|Elite as the Company’s Investor and Public Relations counsel of record.

Hanover|Elite is a joint venture created by Hanover International, Inc. and Elite Financial Communications Group, who have teamed to leverage their respective strengths, resources and spheres of influence in the global capital markets to create an innovative IR/PR model for merging and applying best industry practices in financial communications, corporate branding and awareness, regulatory compliance and capital markets access services.

In collaboration with NevadaCMI’s senior leadership, Hanover|Elite is charged with developing, implementing and supporting a fully integrated corporate and shareholder communications platform for the Company; and generating meaningful awareness among and measurable support from the retail and institutional investment communities for NevadaCMI and its compelling business plan and promising future growth potential.  Jim Hock, Co-Managing Partner of Hanover|Elite, will lead the combined IR/PR teams and provide strategic counsel and direction to the Company.

NevadaCMI has agreed to compensate Hanover|Elite a monthly retainer of $5,000 for the first six months of the 12-month agreement; and $10,000 per month for the following six months.  In addition, Hanover|Elite will be issued a total of two million shares of restricted common stock, issuable in quarterly installments and in accordance with TSXV policies.  The Company has the right to terminate the agreement at any time, without any penalties, following the first 90 days.

Commenting on the appointment, Hock stated, “We are very pleased to have been selected to team with NevadaCMI and look forward to working closely with its leadership to win the Company due attention and support for its well-defined business plan for earning distinction as a noted leader in the global minerals and mining industry by developing its magnesium opportunity.”

About Hanover International Inc.

Led by James E. Hock – current Co-Chairman of the National Investment Banking Association and broadly recognized as “the entrepreneur’s consultant,” Hanover International has advised hundreds of micro-, small- and mid-cap companies since its founding in 1990 with defining and implementing effective mergers and acquisitions and institutional shareholder relations strategies.   With offices in Los Angeles, New York and Beijing, Hanover International is comprised of a professional team of experts in the areas of investment banking, debt and equity deal structuring, market awareness and support, SEC law and compliance, mergers and acquisitions, market research and analysis, corporate management and new business development.

About Elite Financial Communications Group

Since 2001, Elite has combined diverse business expertise, influence, talent and capabilities to achieve quantifiable results for emerging publicly traded and privately held companies.  Elite works closely with its clients to customize and implement fully integrated marketing and communications strategies and programs designed to achieve optimal transparency and proactive communications with shareholders and the investment community at large.  Through Elite Media Group, the Company teams with its valued clientele to realize business and performance objectives through initiatives that leverage public and media relations, social networking, brand and reputation management, event planning, crisis management and government relations.  Elite also provides copywriting, collateral development and production, formal media training and market trend analysis, among other traditional and new media services.  For more information, please visit www.efcg.net or follow on Twitter: @EliteFinancial.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chairman and CEO

Information Contacts

Edward Lee, CEO
Nevada Clean Magnesium Inc.
#602-15216 North Bluff Road,
White Rock, BC, Canada
V4B 0A7

Telephone: 604-210-9862, Extension #101
Facsimile: 604-210-9842
Email: info@nevadacmi.com

Mr. Smith is the senior partner with Clearline Chartered Accountants with offices in Vancouver, North Vancouver and White Rock. He worked at PricewaterhouseCoopers prior to taking his role with Clearline and has spent many years in the mining sector. Mr. Smith also currently serves as the CFO of  four Canadian TSX Venture mining companies with operations in Canada, the USA and Mexico. He has extensive experience in both private client services and the non-profit sector and actively serves his community supporting the arts and social services by assisting various boards.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chairman and CEO

Information Contacts

Edward Lee, CEO
Nevada Clean Magnesium Inc.
#602-15216 North Bluff Road,
White Rock, BC, Canada
V4B 0A7

Telephone: 604-210-9862, Extension #101
Facsimile: 604-210-9842
Email: info@nevadacmi.com

Annie Storey, CA, brings over 25 years of experience to her role, having provided accounting, financial reporting and corporate services to public and private companies with operations around the world in such industries as mining and exploration, oil and gas, technology, entertainment, manufacturing, real estate and biotechnology.  Her experience includes twelve years in public practice with MNP and KPMG in the areas of audit, accounting and quality control, as well as with other mid-sized CA firms registered with the Canadian Public Accountability Board and the Public Company Accounting Oversight Board.

In her most recent role as audit partner, Annie was invaluable in guiding clients in a wide range of industries through complex regulatory environments and assisting them in meeting reporting requirements in both Canada and the United States.  She is proficient in the areas of Canadian Accounting Standards for Private Enterprises, U.S. Generally Accepted Accounting Standards, and International Financial Reporting Standards, and has experience with both the Canadian and US tax regimes.

Annie has also held teaching positions with the British Columbia Institute of Technology and the CA School of Business, and controllership positions in the manufacturing and entertainment industries.  She was certified as a Chartered Accountant after obtaining a Bachelor of Business Administration from Simon Fraser University with majors in finance and international business. Annie is a member of the Institute of Chartered Accountants of B.C.’s Practice Review & Licensing Committee, the Canadian Institute of Chartered Accountants’ Practitioners’ Technical Advisory Committee, and regularly participates on boards of non-profit organizations.

Ken Wright resigned as CFO and the Board of Directors would like to thank Ken for his dedication in assisting the Company.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chairman and CEO

Information Contacts

Edward Lee, CEO
Nevada Clean Magnesium Inc.
#602-15216 North Bluff Road,
White Rock, BC, Canada
V4B 0A7

Telephone: 604-210-9862, Extension #101
Facsimile: 604-210-9842
Email: info@nevadacmi.com

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chairman and CEO

Information Contacts

Edward Lee, CEO
Nevada Clean Magnesium Inc.
#602-15216 North Bluff Road,
White Rock, BC, Canada
V4B 0A7

Telephone: 604-210-9862, Extension #101
Facsimile: 604-210-9842
Email: info@nevadacmi.com

Mr. Sever’s study is premised on the base case configuration of the Preliminary Economic Assessment Report completed for the Company’s Tami – Mosi Magnesium Project.  The study identifies and discusses the three main benefits of using the waste heat recovery method: (i) possible reduction in the operating cost per pound of magnesium produced, (ii) additional power production from heat recovery, and (iii) substantive reductions of CO₂ emissions.

The acceptance of the study by TMS is a further validation of the steps that the Company has taken in adopting a best-practices approach to the designing, planning and budgeting of a state-of-the-art benchmark facility that has the potential to produce zero waste, near-zero emissions and be globally competitive while producing in the United States.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chief Executive Officer

Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a three year share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to purchase one common share at a price of $0.05 in the first year and $0.10 in the second and third year at any time up to 5:00 pm (Vancouver time) on February 14, 2016.  All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.

The proceeds of this Private Placement will be used to pay amounts owing: 

The Company paid finder’s fees in the amount of $800 in cash.

As announced December 17th, 2012, the Company is continuing to raise by way of a Non-Brokered Private Placement, up to $311,550 through the issuance of up to 31,155,000 units (“Units”) at a price of $0.01 per Unit as per the TSX Venture Exchange Bulletin dated December 12, 2012 regarding Private Placements

The Company’s Board of Directors has approved this Private Placement.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
President

As previously described in MillenMin’s news release on October 23, 2012, the Drilling Program consisted of 4 diamond drill holes (Wp12-2 to Wp12-7) totaling 910 meters designed to test the geophysical (magnetic and electro-magnetic) anomalies identified by earlier survey work. This drilling program was outlined in Phase I work program recommended by Norm Tribe, P. Eng., in his April 2012- NI43-101 report entitled “Windpass Gold Property Evaluation Report” which is available on SEDAR at www.sedar.com .

The 2012 drilling results (at a cut-off grade of 0.50 g/t Au) are summarized in the following table:

 *The intervals are approximate true mineralization widths, as the drill holes were drilled normal to the plane of the mineralization zones.*

These results appear to indicate several intercepts of the vein structure-associated gold mineralization. MillenMin Venture’s Management will review these results in conjunction with the existing data on the Property to decide on the next step for the Property.

MillenMin’s CEO, Shunyi Yao, is pleased with the results of the 2012 drilling program at the Property. “The success of this program adds credence to the story that additional gold mineralization exists on the Property,” he said.

The Drilling Program was supervised by Norm Tribe, P. Eng., a consultant to MillenMin and the qualified person as defined by NI 43-101. A total of 209 core samples were split and placed in sealed bags. The samples were taken from NQ core with one half sent to ALS Minerals in North Vancouver for assaying and the other half retained for future reference. ALS Minerals is an ISO 9001:2000 certified laboratory. All samples were assayed using industry-standard assay techniques for gold analyzed by a standard 30-gram fire assay with atomic absorption finish and/or Au screen metallic fire assay and 33 elements by ICP-AES (inductively coupled plasma – atomic emission spectrometry).

The technical information in this news release has been reviewed and approved by Norm Tribe P. Eng. a qualified person as defined by NI 43-101.

About MillenMin Ventures Inc.

MillenMin is a Canadian company engaged in the acquisition, exploration and development of mineral properties in Canada and intends to deliver value through exploration activities.   The Company is currently exploring its Windpass gold property situated at Central British Columbia, Canada. Under the Option Agreement, MillenMin has been granted the exclusive right and option to acquire an undivided 70% interest in the Windpass Property by paying $120,000, incurring $750,000 aggregate exploration expenditures on the Property and issuing 400,000 common shares in the capital of MillenMin (the “Shares”) to Nevada CMI over a period of four years.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chief Executive Officer

Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a three year share purchase warrant (a “Warrant).  Each Warrant entitles the holder to purchase one common share at a price of $0.05 for the first year and $0.10 for the second and third years from the date of issuance.

This Private Placement could be subject to finders’ fees which will be paid in accordance with the TSX Venture Exchange policies and is subject to the approval of the regulatory authorities.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chief Executive Officer

Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF) (“Nevada CMI” or the “Company”) announces that Edward Lee has accepted the position of Chairman of the Board and Chief Executive Officer and James Sever will assume the President’s seat.  Peter Stuntz has been appointed Independent Director and Rob Bailey is added as a new Director and the new Chief Operating Officer.  Marlyn Ballain has also been added to the Company’s Technical Advisory Committee.

Larry Reaugh has resigned as a Director and CEO to focus on other interests.  He will sit on the Technical Advisory Committee and continue to be an asset to the Company.

Robert Brown has tendered his resignation to pursue a contract position with an engineering firm in order to avoid any conflicts of interest at the request of the aforementioned firm.  He will however transition onto the Technical Advisory Committee on a consulting basis.  On behalf of the Board, I would like to sincerely thank Mr. Brown for his assistance introducing experienced people to the Tami–Mosi Magnesium Project.

Both Dr. William Pfaffenberger and Dr. David Madill are leaving the position as members of the Board of Directors but will continue to assist the company as members of the Technical Advisory Committee.  The Company would like to thank both gentlemen for their years of dedicated service to the Shareholders and the Board.

Peter Stuntz, B. Sc., B. Eng., Masters Geoscience

Mr. Stuntz trained as a geologist, mining engineer and mineral economist and has over 25 years’ experience in financing Australian and international resource companies.  He commenced his career working in the underground coal industry before moving to Australia’s largest pension fund manager where he worked initially as an investment analyst and then as a portfolio manager.

After almost two decades exclusively in funds management he established his own natural resource advisory business in 2004.  Mr. Stuntz co-founded a number of natural resource companies that operate in Asia and assisted in raising finance for a number of others.  He maintains contact with the investment industry through his directorship of an offshore global resource hedge fund.

Of direct relevance to Nevada Clean Magnesium is the role he played as director and driving force behind an Australian company which designed, constructed and operated a 25,000 tonne per annum magnesium alloy plant in China.

Marlyn Ballain

Mr. Ballain has over 40 years in the light metals field specializing in production, research and development of magnesium, aluminum, calcium metals and related chemical products.  For 27.5 years he was employed by ALCOA Inc. Currently he owns and operates Ballain Consulting Inc. providing consulting on production, development, safety and environmental operations to his previous employer but also to international clients.  His expertise is in economic process development, project safety and environmental analysis.

Mr. Ballain’s holds a Masters of Science in Chemical Engineering and was a registered Professional Engineer in Chemical Engineering in the state of Illinois.

He holds numerous Patents both in magnesium reduction and other facets of the aluminum industry. He has co-authored several papers and in 1988 was awarded by TMS of AIME the best paper in “Extractive Metallurgy Technology”.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
Chief Executive Officer

The total amount raised pursuant to the private placement was $27,500 comprising of 550,000 units (“Units”) at a price of $0.05 per Unit.

Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a two year share purchase warrant (a “Warrant).  Each Warrant entitles the holder to purchase one common share at a price of $0.10 per share at any time up to 5:00 pm (Vancouver time) on August 27, 2014.  All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.

The proceeds of this Private Placement will be used towards general working capital.

About Nevada Clean Magnesium Inc.

NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
President