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NV GOLD CORPORATION SETTLES PAYMENT DISPUTE REGARDING SWISS PROPERTY

Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the "Company" or “NVX”) announces that it has agreed to issue 150,000 common shares of NVX to settle a disagreement that has arisen with respect to amounts payable by it in relation to the grant of the exploration permit issued to its wholly-owned Swiss subsidiary announced on November 6, 2012. Under the settlement, the Company will retain data in respect of the area of the permit and the parties will enter into a mutual release of the obligations owed to each other, including the Company’s obligation to pay SFR 50,000 to the other parties, upon the Company issuing the other parties 150,000 common shares. The settlement agreement is subject to approval of the TSX Venture Exchange.

On behalf of the Board of Directors,

(sgd.) "John E. Watson"
President and CEO

For further information, visit the Company’s website at www.nvgoldcorp.com or contact:

John E. Watson,
Phone: 303.674.9400
Email: jewats@aol.com

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.