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: email@example.com