Nevada Pacific Gold Ltd.

Nevada Pacific Gold Ltd.

July 22, 2005 09:15 ET

Nevada Pacific in Final Preparation to Drill Cornerstone Project on Cortez Trend

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 22, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is pleased to announce the mobilization of heavy equipment to immediately begin road construction and the preparation of drill pads on the Company's Cornerstone Project. All drill permits and bonding are in place. Cornerstone is situated on the Cortez Gold Trend approximately 12 miles south of Placer Dome's multi-million ounce Cortez Hills and Pediment gold deposits in Eureka County, Nevada.

The road and drill pad construction will consist of 1.7 linier miles and 21 pad sites that are estimated to be completed within one week. A program of detailed mapping on a scale of 1 to 100 will be carried out as well as rock channel sampling of all outcrop exposed during the construction to more accurately target drilling.

The reverse circulation drill rig to be used in the program will be mobilized from the Company's 100 percent-owned Keystone Project 3 miles to the west. Drilling at Keystone is scheduled to be completed in the first week of August.

Mr. Curt Everson, P.Geol., M.Sc. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating 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


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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