News Release

FOR RELEASE: NOVEMBER 20, 2002, 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 Sale of its Commercial Office Building in Utah

SALT LAKE CITY: UTAH - John T. Day, President and Chief Executive Officer of Nevada Chemicals, Inc. (NASDAQ/NMS:NCEM), today announced that Nevada Chemicals, Inc. (NCI) has sold its office building located in Sandy, Utah. The investment in the facility was accretive to NCI over the years in terms of leasehold savings and also in the announced sale. NCI will record a net gain on the sale of $220,000 which after tax will be a one time gain of $0.02 per share.

NCI purchased the land and constructed the office building in the spring of 1997 for its own use and occupied the facility until November, 2001, when NCI leased the facility to a tenant for one year. As the option to extend the lease was not renewed, NCI sold the building for a gross sales price of $1.17 million.

With the sale of this asset, NCI will no longer be active in managing a commercial property. "The potential of this sale has been anticipated for some time and we are happy with the outcome." Said John T. Day, President and CEO, "It will now allow us to focus on our core business interests."

NCI, 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.