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NV Gold CEO Watson increases ownership to 33.1%

2009-SOURCE: Stockwatch

Ms. Dianne Bryson reports

JOHN E. WATSON ACQUIRES SHARES AND OPTIONS OF NV GOLD CORPORATION

John E. Watson has acquired ownership and control of 4.6 million common shares of NV Gold Corp. upon the exchange of all of the 4.6 million outstanding shares of NV Gold Corp. (United States) held by him for the NVX shares. This share exchange formed the basis of NVX's qualifying transaction under TSX Venture Exchange policies and concurrently with the completion of the qualifying transaction NVX appointed Mr. Watson as chief executive officer of NVX and granted him options to purchase 100,000 common shares of NVX. The NVX shares held by Mr. Watson represent approximately 33.1 per cent of the outstanding shares of NVX and, if he exercised his options, he would hold approximately 33.6 per cent of the outstanding shares of NVX. Mr. Watson held no shares, options or other securities of NVX before this acquisition and is not acting jointly or in concert with any person.