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NV GOLD ANNOUNCES PRIVATE PLACEMENT FOR $122,500

Vancouver, British Columbia – NV Gold Corporation (TSX-V: NVX) (the "Company") announced today a non-brokered private placement for gross proceeds of $122,500 (the “Placement”).

The Placement is an offering of up to 816,667 units (the “Units) at $0.15 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.25 per share for eighteen months from issue of the Units. Funds from the Placement are budgeted for general corporate purposes, including exploration programs at the Company’s Rattlesnake Hills Project, located in Natrona County, Wyoming.

The Placement is subject to the approval of the TSXV.

On behalf of the Board of Directors,

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

For further informantion, 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 defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.