News Release

FOR IMMEDIATE RELEASE: April 17, 2003

CONTACT: John T. Day, President/CEO
Dennis P. Gauger, CFO
Nevada Chemicals, Inc.
801-984-0228

Nevada Chemicals, Inc. Announces 1st Quarter 2003 Earnings

John T. Day, President and Chief Executive Officer of Nevada Chemicals, Inc. (NASDAQ/NMS:NCEM), today announced earnings for the first quarter ended March 31, 2003. The company had net income of $319,000 or $0.04 a share compared to $208,000 or $0.03 per share in the first quarter of 2002.

The improvement in earnings over the first quarter of 2002 is due primarily to the additional business obtained in the acquisition of the FMC business on April 1, 2002 by Cyanco, an unincorporated joint venture engaged in the manufacture and sale of liquid sodium cyanide. During the first quarter of 2003, Cyanco has seen fluctuations in the price of various raw materials based on the cost of energy resulting in increased production costs, compared to the fourth quarter of 2002. The energy prices have been greatly affected by the uncertainties caused by the conflict in Iraq as has the spot price for gold. According to Mr. Day, there continues to be interest on the part of the gold mines to review strategies to exploit the gold price run-up over the last year.

Cyanco is a 50/50 joint venture company of Nevada Chemicals, Inc. and Degussa Corporation. Cyanco has produced and marketed liquid sodium cyanide to the Western States gold mining region for the past 14 years.