Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the "Company") is pleased to announce that it has completed the second and final tranche of its non-brokered private placement (the "Private Placement") of Units originally announced on February 11, 2011. The second tranche consisted of 3,333,334 units (the "Units") at CDN$0.30 per Unit, for gross proceeds of CDN$1,000,000. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at CDN$0.40 until November 9, 2012.
The securities issued under the second tranche of the Private Placement are subject to a four-month hold period expiring on September 10, 2011.
On behalf of the Board of Directors,
(sgd.) "John E. Watson"
President and CEO
Investor Relations: Leo Karabelas, Tel: (416) 543-3120 Email: firstname.lastname@example.org
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.