NioGold Mining Corporation
TSX VENTURE : NOX
FRANKFURT : NG1

NioGold Mining Corporation

March 17, 2009 10:54 ET

NioGold Strikes Gold Along Norbenite Shear

VAL-D'OR, QUEBEC--(Marketwire - March 17, 2009) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") is pleased to report on results of its drilling program in the Malartic Gold Camp, Abitibi region, Quebec. Assay results were received for hole MH-08-006 drilled on the Malartic Hygrade claims.

Hole MH-08-006 targeted the Norbenite Shear structural zone between the Kierens deposit and the H Zone located on the adjoining Marban Block and Malartic H properties, respectively. A major shear zone was cut from 406.2 to 431.0 metres down hole that enclosed a 4.8-metre wide section of veining and sulphide mineralisation. This mineralised section returned gold values averaging 4.52 g/t Au over 3.6 metres. The interval is inferred to be true width as the shear fabric is perpendicular to the drill core axis.

Rock Lefrancois, President & COO, comments: "The intersection in hole MH-08-006 is of significance as it further confirms that the Norbenite Shear is gold mineralised over the three kilometre stretch between the Kierens deposit and the H Zone. We are planning to further define the H Zone with a 10,000-metre drilling program and the discovery gives us the incentive to further step out on strike to the southeast along the Norbenite Shear".



MALARTIC HYGRADE CLAIMS - HOLE MH-08-006 RESULTS

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Core
From To Length Grade
Hole # Description (m) (m) (m) (g/t Au)
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MH-08-006 Mafic Intrusive?,
3-4% pyrite 220.4 226.4 6.0 0.30

Basalt, 2% pyrite 309.0 319.8 10.8 0.30

Basalts / Ultramafics,
sheared, 1-2% pyrite 370.0 387.7 17.7 0.29

Basalt, sheared,
quartz-pyrite veining,
1-2% pyrite 409.0 413.8 4.8 3.61

including 409.0 412.6 3.6 4.52
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Quality Assurance / Quality Control and Qualified Persons

The diamond drill hole was drilled with NQ-size core in order to obtain larger sample volumes for the mineralised zones. The core was sealed and delivered by the drilling contractor to NioGold's facilities located at the Norlartic Mine site. The core was photographed for reference, logged and mineralised sections were sawed in half. Sample lengths vary between 0.5 to 1.5 metres. Half core samples were bagged, sealed and trucked to Activation Laboratories Limited ("Actlabs") in Ancaster, Ontario, an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split.

A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 2 g/t Au by the fire-assay method using a gravimetric finish. As well, pulps grading above 0.5 g/t Au are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

This news release was prepared by Rock Lefrancois, P.Geo. (OGQ), the Company's President & COO, and Qualified Person as defined by National Instrument 43-101. The drilling is being conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.

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.

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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