Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

August 31, 2005 15:49 ET

Nevada Pacific Completes Drill Program at Buffalo Canyon

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 31, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is please to announce that it has received assays for the 10,520 foot Reverse Circulation drill program on the Company's 100% owned Buffalo Canyon property in Nye County, Nevada.

A total of 23 holes were drilled with depths ranging from 215 to 525 feet. The drilling program was designed to test the southern portion of a 1,600 foot by 2,600 foot, open ended (greater than 50 ppb) gold soil anomaly located over the project area. Drilling shows that the southern portion of this soil anomaly contains a significantly large zone of low-grade gold mineralization with thickness up to 525 feet of 0.01 opt and 500 feet of 0.012 opt over an area presently measuring approximately 300 feet by 500 feet. Drill road sampling in this area has returned gold numbers up to 0.021 opt over 160 linear feet. Preliminary evaluation of the surface sampling and drilling results, along with additional reconnaissance geology and geophysics, indicates that the project area may lie above a potential porphyry gold/copper system. The following table summaries the assay results from the drilling. A complete list of the results can be found at: www.nevadapacificgold.com/s/Exp-BuffaloCanyon.asp.



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From To Length Gold Grade
Hole Number (feet) (feet) (feet) (oz per tonne)
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BCR05-03 0 500 500 0.012
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Incl. 25 100 75 0.026
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BCR05-04 0 500 500 0.009
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BCR05-05 0 500 500 0.012
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BCR05-06 0 525 525 0.010
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BCR05-13 295 400 105 0.014
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BCR05-16 0 500 500 0.009
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Incl. 65 280 215 0.014
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BCR05-17 170 325 155 0.016
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375 475 100 0.015
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BCR05-18 0 500 500 0.011
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Incl. 165 220 55 0.016
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Incl. 275 405 130 0.017
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BCR05-20 0 500 500 0.008
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BCR05-21 0 500 500 0.009
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Given the size of the surface extent and the thickness of mineralization a more detailed follow up exploration program is being planned. The Phase II program will be designed to expand the known area of gold mineralization and to further evaluate higher-grade zones found in surface sampling, which may represent a structural control to the mineralization.

All samples have been prepared and assayed by ALS Chemex. Gold results are determined using standard fire assay techniques with an atomic absorption finish on a 30-gram sample. Over limit samples (greater than 10.0 g/t) are re-assayed using a fire assay with a gravimetric finish. No capping factor for high-grade samples has been used in calculating the gold results presented. All work on the project is under the direction of Mr. Curt Everson P., Geo., M. Sc., the designated Qualified Person for the Buffalo Canyon project in accordance with National Instrument 43-101.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. The Company's BMX, Keystone and Limousine Butte projects are under joint venture agreement to Placer Dome U.S. A description of these projects, including maps and photographs can be viewed on the Company's website at www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

David Hottman, Chairman

Cautionary Statement on Forward-Looking Information

Certain information set forth in this report contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties including: the results of current operation and exploration activities; market reaction to future operation and exploration activities; significant changes in metal prices; currency fluctuations; increases in production costs; differences in ore grades; recovery rates; and tonnes mined from those expected; changes in mining, or heap leaching rates from currently planned rates; the timing and content of work programs; geological interpretations; receipt and security of mineral property titles; general market and industry conditions; and other factors detailed in the Company's public filings.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise an, as such, undue reliance should not be placed on forward-looking statements. The Company's actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements, and accordingly, no assurance can be given that the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

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

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