News Release

FOR RELEASE: June 15, 2004, 8:00 A.M. Eastern Standard Time

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

Nevada Chemicals, Inc. Announces Quarterly Dividend

The Board of Directors of Nevada Chemicals, Inc. (NASDAQ/NMS:NCEM), today announced a 20% increase in the quarterly dividend, from $0.05 per share to $0.06 per share on its common stock, payable July 8, 2004 to holders of record at the close of business on June 25, 2004.

The Board of Directors of the Company is currently evaluating alternative uses for the cash of the Company, including optimizing short-term investment results, diversification of the Company’s business into bio-energy related production, further investment in Cyanco, the payment of dividends to shareholders, repurchase of Company stock and other strategies.

Nevada Chemicals, Inc., through its 50% stake in Cyanco, a chemical producer of sodium cyanide located in Winnemucca, Nevada, is the premier producer of strategic chemicals for the gold mining industry of the United States.

Note: The foregoing contains “forward-looking” statements that are pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risks and uncertainties that may affect the Company’s business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological and other factors discussed in the Company’s reports to shareholders and periodic filings with the Securities and Exchange Commission.