Nevada Pacific Gold Ltd.

Nevada Pacific Gold Ltd.

July 14, 2005 13:32 ET

Nevada Pacific to Drill Keystone Project on Cortez Trend

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 14, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is please to announce that an exploration drilling rig has been mobilized to the Company's Keystone Project located in Eureka County, Nevada. The drill program will begin immediately consisting of approximately 5,000 feet of RC drilling in up to 7 holes. The program is designed to test the down dip potential of massive to semi-massive sulfide mineralization discovered on surface.

The 100 percent owned Keystone Project is comprised of 338 claims, 11 square miles located on the Battle Mountain/Cortez Gold Trend approximately 12 miles south of Placer Dome's 10+ million ounce Cortez Hills, Pediment and ET Blue discoveries, which many consider to be the most significant in Nevada over the past 15 years.

The localized zones of mineralization mentioned in previous news releases (including float boulders grading over 50% combined base and precious metals) and recently sampled disseminated sulfide in skarn (6 rock chip samples range from 0.05 to 6.68 opt silver, 0.01 to 2.44% copper, 0.01 to 9.02% lead and 0.06 to 20.8% zinc) are hosted in an area that measures 4,000 feet by 1,000 feet. Mineralization consists of massive to semi-massive sulfide replacement in silty limestones and skarn in both upper and lower plate rock of the Horse Canyon and Denay Formations at or near the contact of a 33.4 million year old granodiorite intrusive.

The drilling program (all permits, bonding, roads and drill pads are in place) is a base-metal exploration program that is separate from the gold exploration program presently underway on the property by Placer Dome U.S. As part of the September 2004 joint venture agreement between Nevada Pacific and Placer Dome U.S., Placer Dome has the right to earn a 60% interest in the Company's Keystone Gold Project by spending US$5 million on exploration over a five-year period, including US$350,000 in year one (see NPG PR# 04-29 September 8, 2004). Placer Dome can earn an additional 15% interest (75% total) by completing a full feasibility study. Nevada Pacific retains 100% of the base metal and silver rights subject and subordinate to Placer Dome's rights to develop the gold resources at Keystone.

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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