Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

March 26, 2007 14:24 ET

Nevada Pacific Announces US Gold Take Up of Nevada Pacific Shares and Changes to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) - Nevada Pacific Gold Ltd. ("Nevada Pacific") (TSX VENTURE:NPG) advises that on March 23, 2007, US Gold Corporation ("US Gold") announced that its wholly-owned subsidiary, Canadian Acquisition Corporation ("Acquisition Co."), has taken up and accepted 59,278,256 common shares of Nevada Pacific which were tendered to the takeover bid made by US Gold and Acquisition Co., representing approximately 83.5% of the issued and outstanding shares of Nevada Pacific.

In connection with the announcement of the take up of Nevada Pacific shares, David Hottman, Gary Nordin and Michael Beley have resigned from the Board of Directors, and Robert McEwen, William Pass and Ann Carpenter have been appointed to the Board. The Board of Directors of Nevada Pacific is now comprised of Curtis Everson and Paul Parisotto as continuing directors, and Robert McEwen, William Pass and Ann Carpenter as appointments of US Gold.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

David Hottman, President and Chief Executive Officer

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nevada Pacific Gold Ltd.
    David Hottman
    President and Chief Executive Officer
    (604) 646-0188
    (604) 646-0189 (FAX)
    Website: www.nevadapacificgold.com