Nevada Pacific Gold Ltd.

Nevada Pacific Gold Ltd.

September 12, 2005 11:46 ET

Nevada Pacific Gold Announces $3 Million Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 12, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is pleased to announce a non-brokered private placement for total proceeds of Cdn$3.01 million, consisting of a total of 4.3 million Units to be issued at a price of $0.70 per Unit. Each Unit consists of one common share ("Common Share") of the Company and one-half of a share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to acquire one additional Common Share at a price of $0.90 per share for a period of two years. A finder's fee of 6% will be paid in cash or shares on a portion of the private placement.

The net proceeds of the placement will be used to: (1) to advance exploration on the Company's gold and silver exploration projects in Nevada and Utah; (2) fund activities to increase the reserve and resource base at the Magistral Gold Mine in Sinaloa State, Mexico; (3) for general working capital purposes.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the Magistral Gold Mine in Mexico. In the State of Nevada NPG's exploration property portfolio covers approximately 75 square miles of mineral rights including portions of two significant gold producing belts. The Company's BMX project is optioned to Placer Dome. A description of these projects, including maps and photographs can be viewed on the Company's website at:


David Hottman, Chairman

Nevada Pacific Gold Ltd.'s shares trade on the TSX Venture Exchange (TSX.V: NPG).

The TSX has neither approved nor disapproved the form or content of this release.

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