NioGold Mining Corporation
TSX VENTURE : NOX
FRANKFURT : NG1

NioGold Mining Corporation

March 11, 2009 08:05 ET

NioGold Hires First Canadian Capital for Investor Relations

VAL-D'OR, QUEBEC--(Marketwire - March 11, 2009) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") is pleased to announce that it has engaged First Canadian Capital Corp. ("FCCC") for investor relations. Under the terms of the agreement, NioGold will pay FCCC $4,500 per month and grant 400,000 stock options, vesting under and subject to the final approval of the TSX Venture Exchange. FCCC will assist NioGold in arranging meetings and fostering productive and continuing dialogues with private investors, analysts, brokers and other financial professionals.

NioGold has consolidated a large land package in the prolific Malartic and Val-d'Or gold mining camps, located in the Abitibi region of Quebec, and is working towards a second resource estimate on the Marban Block property based on 32,000 metres of drilling completed during 2007 and 2008. The Quebec government supports the mining industry by maintaining a stimulating mining tax system that allows for tax credits of 35% on exploration work.

Rock Lefrancois, President & COO of NioGold, commented: "We are excited to have FCCC aboard and feel that the timing is perfect to start introducing NioGold to the investment community".

First Canadian Capital Corp. ("FCCC") (www.firstcanadiancapital.com) specializes in providing strategic investor relations services to emerging small cap and mid-tier companies. Based in Toronto and operating for over 13 years, FCCC has assisted numerous corporations in gaining exposure and recognition within the global investment community.

NioGold Mining Corporation - "The Golden Highway Runs Through NioGold"

NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company's main properties are the Marban Block, Malartic Hygrade, Malartic H, Camflo West and Siscoe East, all located in the Malartic and Val-d'Or gold mining camps, Abitibi region of Quebec. The camps have produced over 27 million ounces of gold and presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block encompasses three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced over 590,000 ounces of gold.

NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.

Investors are invited to visit the NioGold IR Hub at www.agoracom.com/IR/niogold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to nox@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

The TSX Venture Exchange or the Frankfurt Stock Exchange did not approve nor do not accept responsibility for the adequacy or accuracy of this news release.

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