NioGold Mining Corporation
TSX VENTURE : NOX
FRANKFURT : NG1

NioGold Mining Corporation

January 15, 2008 08:46 ET

NioGold Extends Kierens Zone With 9.6 g/t Gold Over 3.1 Metres Intersection

VAL-D'OR, QUEBEC--(Marketwire - Jan. 15, 2008) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") reports on results of the 2007 diamond drilling program in the Malartic Gold Camp, Abitibi region, Quebec.

Assay results were received for 3 drill holes completed in Q4, 2007, testing the west extent of the Norbenite Shear deformation zone hosting the former Norlartic and Kierens gold mines and the presently defined resources on the Marban Block property (refer to news release dated June 28, 2007). All 3 holes were drilled on section 15+00 W and served as a 100-metre step out from the Kierens Zone resources. The deepest hole (MH-07-003) intersected typical Norbenite Shear mineralisation at a vertical depth of -250 metres that returned 3.93 g/t Au over 10.3 metres core length, including 9.85 g/t Au over 3.1 metres and 9.98 g/t Au over 1.0 metre. Core angle with dominant structural fabric indicate a true width of about 6 metres for the interval.

Results received for holes MH-07-001 to MH-07-003 are tabled below. Readers are invited to review the Detailed Location Map and Norlartic-Kierens Section available at www.niogold.com/marban.

The intersection in hole MH-07-003 opens up considerable potential to expand the Kierens Zone down plunge to the west onto the adjoining Malartic Hygrade claims. A second drill rig was mobilised on the Marban Block property last week for deep investigation of the Norbenite Shear to vertical depths of up 1,000 metres where no drilling has been attempted in the past. The drill holes are planned to verify two distinct plunge directions to the gold mineralisation of the Norlartic and Kierens Zones delineated by geological and resource block models.



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Core Grade
Line Station Depth From To Length (g/t
Hole # (m) (m) Az Dip (m) Unit (m) (m) (m) Au)
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MH-07 15+00 W 0+83 N 213 -83 144.0 Kierens 64.0 66.0 2.0 1.04
-001 deg- deg- Zone
rees rees
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MH-07 15+00 W 1+50 N 213 -68 243.0 Kierens no significant results
-002 deg- deg- Zone
rees rees
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MH-07 15+00 W 1+50 N 213 -85 444.0 Altered 246.0 247.0 1.0 1.01
-003 deg- deg- Diorite
rees rees
------------------------------------
Kierens 260.3 270.6 10.3 3.93
Zone
including 260.3 261.3 1.0 9.98
including 267.5 270.6 3.1 9.65
------------------------------------
Altered 382.4 383.4 1.0 1.81
Diorite
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Quality Assurance / Quality Control and Qualified Persons

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes for the mineralised zones. The core was delivered by the drilling contractor to NioGold's facilities located at the Norlartic Mine site. The core was photographed for reference, logged and mineralised sections were sawed in half. Sample lengths varied between 0.5 to 1.5 metres. The half core samples were bagged, sealed and trucked to Activation Laboratories Limited ("Actlabs") in Ancaster, Ontario, an accredited laboratory. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split.

A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and duplicates in the sample batches sent to the laboratory and a systematic re-assaying from the remaining coarse reject fraction by the fire-assay method with an atomic absorption finish for samples returning values of 2 to 5 g/t Au and by gravimetric finish for samples returning values greater than 5 g/t Au. As well, 10% of the pulps are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

This news release was prepared by Rock Lefrancois, P.Geo. (OGQ), the Company's Vice-President and Qualified Person as defined by National Instrument 43-101. The drilling was conducted under the supervision of Julien Davy, M.Sc., P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.

NioGold Mining Corporation - "The Golden Highway Runs Through NioGold"

NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company's main properties are the Camflo West and the Marban Block located in the Malartic and Val-d'Or Mining Camps, Abitibi, Quebec, with a historic production of 25 million ounces of gold. The camps presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block encompasses three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced over 590,000 ounces of gold.

NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

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