NV Gold Appoints Investor Relations Consultant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2011) - NV Gold Corporation (TSX VENTURE:NVX) (the "Company") is pleased to announce that, subject to regulatory approval, it has retained the services of Leo Karabelas of Frontline Communications of Toronto, Ontario, to provide various investor relations consulting services for, and on behalf of, the Company in connection with NV Gold's interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community. The retainer is for a period of twelve months and may be renewed for successive six month terms by the parties.

Mr. Karabelas has been actively providing investor relations for a multitude of companies over the past 9 years. Mr. Karabelas will be responsible for disseminating information concerning NV Gold to, and liaising on behalf of NV Gold with brokers, investment dealers, portfolio managers, analyst, report writers and the media generally.

In consideration for such services, NV Gold has agreed to pay fee of $5,000 per month plus GST/HST. In addition, in connection with his appointment the Company has granted Leo Karabelas an option to acquire 100,000 common shares of the Company at $0.35 per share, exercisable for a period of five years.

The appointment of Mr. Karabelas is subject to the requisite filings with and acceptance of the TSX Venture Exchange and applicable securities laws.

On behalf of the Board of Directors,

John E. Watson, President and CEO