Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

March 20, 2006 10:30 ET

Nevada Pacific Gold Appoints Special Committee & Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2006) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) (the "Company") advises that the Board of Directors has met to consider the unsolicited offer announced by U.S. Gold Corporation on March 5, 2006.

A Special Committee of the Board of Directors has been established to deal with the unsolicited offer. Capital West Partners of Vancouver, British Columbia have been selected by the Special Committee to act as financial advisors and to assist in responding to the unsolicited offer. The Special Committee, with its financial advisor, will consider the US Gold Corporation offer and will investigate other alternatives that may be available to maximize shareholder value.

Shareholders are advised that the Special Committee will report to the Board with its views and a recommendation regarding the offer after receiving advice from its financial advisors.

For further information: Please contact Joe Kajszo, Chair of the Special Committee, at 604-646-0188, Email: jkajszo@nevadapacificgold.com or Capital West Partners, attention Doug Irwin, at 604-718-6800, Email: doug@capwest.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

David Hottman, Chairman

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

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