NV Gold Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 21, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that it has closed the non-brokered private placement it announced on August 13, 2014 and sold a total of 876,666 units (the Units"). It received $131,500 in gross proceeds for the Units issued.

The Units were sold at $0.15 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.25 per share until February 20, 2016.

Funds from this placement are budgeted for general corporate purposes, including costs of exploration programs at the Company's Rattlesnake Hills Project, located in Natrona County, Wyoming.

The Units and any shares of the Company issued on exercise of the Warrants forming part of the Units are subject to a hold period expiring on December 21, 2014.

On behalf of the Board of Directors,

John E. Watson, President and CEO

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.