Novus Gold Corp.

Novus Gold Corp.

April 26, 2010 09:00 ET

Novus Gold Corp.: Drilling to Commence on Ren Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2010) - Novus Gold Corp. (TSX VENTURE:NOV)(VGN WKN:A0YC5N) is pleased to announce that drilling will commence shortly on the 100 per-cent-owned REN gold property, in the Northwest Territories.

Exploration work completed in 2009 by Novus confirmed that the REN property has a number of wide gold-bearing zones hosted in amphibolite iron formation and associated sedimentary rocks. Previous work by Cominco, Westview and Texasgulf concentrated on the "Main Zone" of a 7-10 kilometre long gold-bearing iron formation. The previous work outlined a gold-bearing zone 300 metre long and up to 300 metre deep. This zone is open along strike in both directions and at depth. In addition, there are a number of parallel zones which have only had a cursory examination in the past.

Further results from the Company's recent program of re-sampling of drill core from previous drill programs by Cominco and Texasgulf are forthcoming.

The Company is well-funded, having recently completed a $3.1 million private placement.

Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.

On behalf of the board of directors of NOVUS GOLD CORP.

Mike Magrum, President

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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