Nevada Chemicals (NCEM)

Director Compensation

        The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors. In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill-level required by the Company of directors. There is no requirement to own shares of Company common stock to serve as a director.

Director Compensation

        The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors. In setting
director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill-level required by the Company of
directors. There is no requirement to own shares of Company common stock to serve as a director.

Director Compensation

The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors.  In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill-level required by the Company of directors.  There is no requirement to own shares of Company common stock to serve as a director.

Director Compensation

During 2005, the non-employee directors each received monthly payments of $600 as compensation for serving on the Board of Directors, or $7,200 for a full year of service. In addition, the non-employee directors receive $1,000 per Board meeting attended and are reimbursed for time spent on extra Board-approved assignments at a per-diem rate of $1,000 per day. During 2005, no per diem compensation was paid to the current directors. Employee members of the Board of Directors receive no additional compensation for attendance at meetings of the Board of Directors.

No stock options were granted to directors during the fiscal year ended December 31, 2005.

Director Compensation

        During 2004, the non-employee directors each received monthly payments of $600 as compensation for serving on the Board of Directors, or $7,200 for a full year of service. In addition, the non-employee directors receive $1,000 per Board meeting attended and are reimbursed for time spent on extra Board-approved assignments at a per-diem rate of $1,000 per day. During 2004, no per diem compensation was paid to the current directors. Employee members of the Board of Directors receive no additional compensation for attendance at meetings of the Board of Directors.

        No stock options were granted to directors during the fiscal year ended December 31, 2004.

EXECUTIVE OFFICERS

        In addition to Dr. Day, currently the only executive officer is Dennis P. Gauger, CPA, Chief Financial Officer, who has served the Company since November 2001 on a part-time, consulting basis.

        Mr. Gauger, 53, is a licensed Certified Public Accountant in Utah and Nevada. He has been an independent consultant since 1998, serving several public and private companies as a part-time, contract financial executive and corporate troubleshooter. Mr. Gauger worked for Deloitte & Touche LLP, an international accounting and consulting firm, for 22 years, including 9 years as an accounting and auditing partner, where he directed domestic and international firm interactions with senior executive management, audit committees, and boards of directors. He has a background in SEC accounting and reporting, mergers and acquisitions, technical accounting issues, financing and operations. He has experience in several industries, including manufacturing, high technology, software, internet, retail and distribution, financial services, hospitality, mining and real estate.

EXECUTIVE COMPENSATION

        Set forth below is information concerning the annual and long-term compensation for services in all capacities to the Company and its affiliates for the years ended December 31, 2004, 2003 and 2002 paid to the Chief Executive Officer (the "Named Executive Officer"). No other officers were paid in excess of $100,000 during the year ended December 31, 2004.

        The following table summarizes compensation received by the Named Executive Officer for the three fiscal years ended December 31, 2004, 2003 and 2001.

(1)

Includes life and disability insurance premiums paid, medical reimbursement payments and personal mileage on company-owned vehicles.

5

(2)

Includes matching contributions made by the Company on behalf of Dr. Day pursuant to the Company's Profit Sharing 401(k) Plan.