News Release

FOR IMMEDIATE RELEASE: July 30, 2003

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

Nevada Chemicals, Inc. Announces Second Quarter 2003 Earnings

SALT LAKE CITY: UTAH - John T. Day, President and Chief Executive Officer of Nevada Chemicals, Inc. (NASDAQ/NMS:NCEM), today announced earnings for the second quarter ended June 30, 2003. The company reported net income of $260,000 or $0.04 per share compared to net income of $676,000 or $0.09 per share in the second quarter of 2002. For the first six months ended on June 30, 2003, the company had net income of $579,000 or $0.08 per share compared to net income of $884,000 or $0.12 per share for the six months ended June 30, 2002. It should be noted that the 2nd Quarter 2002 net income included a one time before tax gain of $460,000, or net income of $0.04 per share, due to the sale of the company's West African assets. Day also indicated that Form 10Q will be filed with the SEC today.

Cyanco, a joint venture of Winnemucca Chemicals, Inc., a wholly-owned subsidiary of Nevada Chemicals, engaged in the manufacture and sale of liquid sodium cyanide, has seen fluctuations this year in the price of various raw materials required for production. Higher cost for natural gas impacts ammonia, caustic soda and electricity. Day commented that Cyanco has not yet seen increased mining activities due to the run up of gold prices although the mining companies review their strategies to exploit the higher prices. He stated further that some of Cyanco's client base has chosen to move ahead with major maintenance projects in anticipation of higher mining levels.

Nevada Chemicals continues to have a strong balance sheet with no long term debt and with cash, cash equivalents and short-term investments approaching $1.50 per share. On June 29, 2003, Nevada Chemicals paid a quarterly dividend of $0.05 per share to all shareholders of record on June 16, 2003. During the quarter, the company also repurchased approximately 250,000 common shares of Nevada Chemicals at an average price of $3.12 per share. The company's board of directors continues to review strategies for the future of Nevada Chemicals.